First REIT

First REIT is Singapore's first healthcare real estate investment trust which has a diverse portfolio of yield-accretive healthcare and healthcare-related real-estate assets in Asia.

See below for the Latest First REIT News, Analysis, Profit Results, Share Price Information, and Commentary.

First REIT net property income up 2.7% YoY to $25.8m in Q1 2023

This is supported by the full quarter contribution of its Japanese nursing homes.

First REIT's net property income jumps 40.1% YoY to $79.08m in 9M22

The increase was due to the contributions from acquisitions in Japan.

First REIT acquires 2 properties in Japan for $25.4m

The acquisitions are DPU accretive to unitholders on a pro forma basis.

First REIT commences buyback of S$60m perpetual securities

The REIT will pay 70% the principal amount and pay any unpaid distribution.

First REIT mulls divestment of Siloam Hospitals Surabaya for $40.9m

The agreed property value translates to a capital gain of 143.2%

First REIT gets green light to acquire 12 nursing homes in Japan

About 98.45% of unitholders voted in favour of the acquisition. 

First REIT recommends voting for Japan nursing homes acquisition

They also endorsed the settlement of terminated development works.

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