First REIT

First REIT declares 65% lower 1Q21 DPU of 0.65 cents on master lease restructuring and rights issue - THE EDGE SINGAPORE

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First REIT declares 65% lower 1Q21 DPU of 0.65 cents on master lease restructuring and rights issue

The manager of First REIT has announced a 1QFY2021 ended March distribution per unit (DPUI) of 0.65 cents, down 65.1% y-o-y from 1.86 cents previously.

OUECT reports 26.6% y-o-y decline in DPU, but special payout possible from asset sale - THE EDGE SINGAPORE

REITs

OUECT reports 26.6% y-o-y decline in DPU, but special payout possible from asset sale

OUE Commercial REIT’s (OUECT) FY2020 distributions per unit (DPU) fell by 26.6% to 2.43 cents, giving an historic yield of 6.39 %.

For First REIT investors, it is either restructure or default - THE EDGE SINGAPORE

REITs

For First REIT investors, it is either restructure or default

Unitholders of First REIT have two options on Jan 19: To vote in favour of the restructuring of the REIT’s Indonesian master leases and a whitewash waiver, or against them.

First REIT’s manager says new loan facility conditional on EFR, causing possible flight to quality - THE EDGE SINGAPORE

REITs

First REIT’s manager says new loan facility conditional on EFR, causing possible flight to quality

First REIT’s announcement on Dec 28, of a 98-for-100 rights issue at 20 cents a unit, to raise $158 million came hot on the heels of a Dec 24 announcement of what appeared to be a successful refina

First REIT proposes rights issue of $158.2 mil as debt repayment looms - THE EDGE SINGAPORE

Company in the news

First REIT proposes rights issue of $158.2 mil as debt repayment looms

First REIT has proposed to undertake a rights issue as the healthcare REIT faces a “significant refinancing hurdle” related to its short- and long-term financial obligations.

The best and worst REIT transactions of 2020 - THE EDGE SINGAPORE

REITs

The best and worst REIT transactions of 2020

REITs continue to be bankers’ best friends. Of course, investors would prefer REITs to be investors’best friends.

First REIT 3Q DPU falls 53% to 1.01 cents on enlarged unit base - THE EDGE SINGAPORE

Results

First REIT 3Q DPU falls 53% to 1.01 cents on enlarged unit base

The manager of First REIT posted distribution per unit of 1.01 cents for the 3QFY2020 ended Sept 30, down 53% from the DPU of 2.15 cents posted in the year before, due to an enlarged unit base.

REITs

Master leases are sometimes a double-edged sword, only good during lease term

One healthcare REIT each feature in the top five REITs with the highest yields and top five REITs with the lowest yields.

Results

First REIT's 2Q DPU plunge by 79.5% to 0.44 cents

The manager of First REIT today announced a distribution per unit (DPU) of 0.44 cent for 2Q20 ended June, a 79.5% plunge from the 2.15 cents reported last year.

REITs

As First REIT's master leases approach 15-year mark, ill winds seen buffeting rental support

SINGAPORE (June 5): On June 1, Lippo Karawaci (LPKR) announced it wanted to restructure its rental support agreements with First REIT.

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