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.
OUE Lippo Healthcare to Buy Stakes in First REIT and Its Manager
First REIT
| Price | 0.255 SGD |
| NAV | 0.286 SGD |
| Yield (4 quarters) | 9.25% |
| Gearing | 39.6% |