Broker's Calls

CGS-CIMB keeps faith in First REIT despite rent reliefs taking a toll on earnings

First REIT has taken a battering during 1H2020 as Covid-19 ravages property markets. Rent reliefs to beleaguered tenants and uncertainty over master leases have done the trust no favours.

Broker's Calls

First REIT’s 1Q results come in line with CGS-CIMB, OCBC’s expectations

SINGAPORE (Apr 12): CGS-CIMB Securities is maintaining First REIT at “add” with a target price of $1.20 given 1Q19 results held no surprises.

Broker's Calls

A balance of probabilities for First REIT

SINGAPORE (May 25): OCBC Investment Research is maintaining its “buy” call on First REIT (FREIT) with a fair value estimate of $1.48.

Broker's Calls

First REIT kept at ‘hold’ as sponsor seeks Siloam expansion

SINGAPORE (Aug 25): OCBC is maintaining its “hold” rating on First REIT (FREIT) with a fair value estimate of $1.38 as sponsor seeks to be expand network of Siloam Hospitals Group further.

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