Equity Real Estate Investment Trusts (REITs)

First Reit

First Reit released FY2025 Q3 earnings on February 5, After-Market SGT, with actual revenue of SGD 25.03 M and EPS of SGD 0.0009

First Reit released FY2025 9 Months Earnings on February 5 After-Market SGT, actual revenue SGD 75.5 M, actual EPS SGD 0.012

First Reit released FY2025 earnings on February 5 Pre-Market (SGT), actual revenue SGD 100.53 M (forecast SGD 99.72 M), actual EPS SGD 0.0129 (forecast SGD 0.025)

First Reit released FY2025 Q4 earnings on February 5, Pre-Market SGT, with actual revenue of SGD 25.03 M and EPS of SGD 0.0009

First Reit to Release FY2025 Earnings on February 5, 2026, Pre-Market SGT; Forecast Revenue SGD 99.72 M, EPS SGD 0.025

First Reit FY2025 Q3 Earnings Release on October 28, After-Market (SGT)

First Reit released FY2025 Q1 earnings on July 29 After-Market SGT, actual revenue SGD 25.23 M, actual EPS SGD 0.0055

First Reit released FY2025 Q2 earnings on July 29 After-Market SGT, actual revenue SGD 25.23 M, actual EPS SGD 0.0055

First Reit released FY2025 Semi-Annual Earnings on July 29 After-Market (SGT), actual revenue SGD 50.47 M, actual EPS SGD 0.011

First Reit to Release FY2025 Q2 Earnings on July 29 After-Market SGT

Pioneer Medical Industries' Q1 2025 Net Profit Fell by 2.8% to $24.6 Million

First Reit FY2025 Q1 Earnings Release on April 29 After-Market SGT

First Reit released FY2024 Annual Earnings on February 11 After-Market (SGT), actual revenue SGD 102.21 M (forecast SGD 103.88 M), actual EPS SGD 0.0165 (forecast SGD 0.024)

First Reit released FY2024 Q4 earnings on February 11 After-Market (SGT), actual revenue 25.11 M SGD, actual EPS 0.0036 SGD

First Reit released FY2024 Q3 earnings on February 11 After-Market (SGT), actual revenue SGD 25.11 M, actual EPS SGD 0.0035

First Reit released FY2024 9 Months earnings on February 11 After-Market SGT, actual revenue SGD 77.1 M, actual EPS SGD 0.013

First Reit to Release FY2024 Q4 Earnings on February 11, 2025, After-Market SGT

First Real Estate Investment Trust to Announce Q3 2024 Earnings on Oct 30 After-Market

First Reit released FY2022 Q4 earnings on March 28 After-Market (SGT), with actual revenue of SGD 28.74M and EPS of 0.0031

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Medinex

AW9U

First REIT plans to divest 10 Indonesian assets for SGD 471.5 million, including eight hospital assets for SGD 389.2 million and two non-hospital assets for SGD 53.3 million. The divestment represents a 2.1% premium to valuation. Additionally, put option agreements cover six more hospital assets valued at SGD 294.8 million, pending unitholder approval. A dialogue session for unitholders is scheduled for June 8, 2026, before an extraordinary general meeting.

PUBT

First REIT agrees S$471.5 million divestment of Indonesia hospital, non-core assets

First Real Estate Investment Trust (SG:AW9U) has issued 2,242,541 new units to its manager as part of the performance fee for the period from January 1 to March 31, 2025. The units were priced at S$0.2739 each, with the remaining fee of S$614,231.96 paid in cash. This issuance increases the manager's stake to 11.23% of the total units, enhancing alignment with unitholders while slightly diluting existing investors. The trust focuses on healthcare properties and has a current market cap of S$507.7M, with a year-to-date price performance of -10.78%.

Tip Ranks

First REIT Pays Part of Performance Fee in New Units, Lifting Manager’s Stake

Phillip Securities analyst maintained a Buy rating on First Real Estate Investment yesterday and set a price target of S$0.25. The company’s shares closed last Monday at S$0.24.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Currently, the analyst consensus on First Real Estate Investment is a Moderate Buy with an average price target of S$0.26.

First Real Estate Investment (FESNF) Receives a Buy from Phillip Securities

First REIT's distribution per unit for the first quarter fell by 13.8% year-on-year to 0.50 cents, mainly affected by currency depreciation and an expanded unit base. The distributable income decreased by 12.5% year-on-year to SGD 10.6 million. The trust's rental and other income for the first quarter decreased by 8.4% year-on-year to SGD 23.2 million, while net real estate and other income fell by 8.3% year-on-year to SGD 22.5 million. The decline in income was mainly due to losses from the sale of the Empire Aiyaduta Hotel and Country Club, as well as the depreciation of the Indonesian Rupiah and Japanese Yen against the Singapore Dollar. The trust will distribute dividends on June 26, with the stock registration deadline set for May 8

Zaobao

First Reit's performance affected by currency depreciation, with first-quarter distribution per unit falling 13.8% to 0.50 cents | Lianhe Zaobao

In a report released today, from Phillip Securities maintained a Buy rating on First Real Estate Investment, with a price target of S$0.25.Easter Sale - 70% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks First Real Estate Investment has an analyst consensus of Moderate Buy, with a price target consensus of S$0.26.

Phillip Securities Remains a Buy on First Real Estate Investment (FESNF)

Lim & Tan Securities analyst maintained a Buy rating on First Real Estate Investment today and set a price target of S$0.27.End of Quarter Sale - 50% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Currently, the analyst consensus on First Real Estate Investment is a Moderate Buy with an average price target of S$0.28.

First Real Estate Investment (FESNF) Gets a Buy from Lim & Tan Securities

First REIT plans to divest Indonesian assets valued at approximately $471.5 million to reduce currency volatility and leverage, focusing on developed markets. The divestments include eight hospital assets for $389.2 million and two non-hospital assets for $53.3 million. A put option for six remaining hospital assets valued at $294.8 million is also secured. The transactions are expected to lower leverage to 16.7% and generate annual interest savings of $18.8 million. A special distribution of $9.7 million is recommended, pending unitholder approval in June, with completion aimed for August.

Singapore Business Review

First REIT proposes $471.5m Indonesia asset divestment

C2PU

Healthcare S-Reits in Singapore show mixed DPU performance amid currency challenges. Parkway Life Reit reported a 2.5% increase in full-year DPU to S$0.1529, driven by new acquisitions and organic growth, while First Reit saw an 8.1% decline in DPU to S$0.0217 due to currency depreciation. Despite this, First Reit's underlying property performance remained stable, with positive rental growth in its Singapore and Indonesian assets. Both Reits are focusing on operational stability and growth opportunities in their respective markets.

Businesstimes News

ParkwayLife Reit

Healthcare S-Reits record mixed DPU performance, but deliver operational stability amid currency headwinds

First Reit(AW9U.SG)