First REIT Announces Lease Extension for Siloam Hospitals Lippo Cikarang
First REIT has announced a lease extension for Siloam Hospitals Lippo Cikarang, extending the lease from December 2025 to June 2026, pending lender approvals. The annual rent for this period is S$4,488,670. The latest analyst rating for First REIT (SG:AW9U) is a Buy with a price target of S$0.50. First REIT focuses on healthcare-related properties and aims for stable income through long-term leases, with a current market cap of S$600.5M and a year-to-date price performance of 19.25%.
An update from First Real Estate Investment ( (SG:AW9U) ) is now available.
First REIT Management Limited has announced a short-term lease renewal for Siloam Hospitals Lippo Cikarang, extending the lease term from December 2025 to June 2026. This extension is contingent on lender approvals and includes a provision for lease termination in the event of a property divestment. The annual rent for the extended period is set at S$4,488,670, with a pro-rated amount of S$2,256,633 for the extension duration.
The most recent analyst rating on (SG:AW9U) stock is a Buy with a S$0.50 price target. To see the full list of analyst forecasts on First Real Estate Investment stock, see the SG:AW9U Stock Forecast page.
More about First Real Estate Investment
First Real Estate Investment Trust (First REIT) operates in the real estate investment sector, focusing primarily on healthcare-related properties. It manages a portfolio of properties, including hospitals, across Asia, with a strategic emphasis on stable income generation through long-term leases.
YTD Price Performance: 19.25%
Average Trading Volume: 2,031,771
Technical Sentiment Signal: Buy
Current Market Cap: S$600.5M
Learn more about AW9U stock on TipRanks’ Stock Analysis page.
