OUE Lippo Healthcare to Buy Stakes in First REIT and Its Manager

News about First REIT

OUE Lippo Healthcare (OUELH), part of OUE Limited, plan to acquire 10.63% of First REIT and 40% of Bowsprit Capital, its manager. OUE Limited will acquire the remaing 60% per cent stake in Bowsprit.

First REIT
Price0.725 SGD
NAV0.996 SGD
Yield (4 quarters)11.46%
Gearing34.5%