First REIT Announces Lease Extension for Siloam Hospitals Lippo Cikarang
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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%.
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