First REIT Indonesian Tenant Wants to Buy

News about First REIT

Siloam International Hospitals, which rents and operates the Indonesian hospital properties owned by First REIT, has sent a non-biding Letter Of Intent to purchase the assets:

"Through the strategic review, the board is committed to undertaking a rigorous process to consider all options relating to the business of First REIT, which may include but are not limited to, exploration of joint ventures, strategic partnerships, asset acquisitions and/or asset divestments, with a view to delivering sustainable long-term value for First REIT’s unitholders," says First REIT.

First REIT
Price0.260 SGD
NAV0.292 SGD
Yield (4 quarters)9.23%
Gearing39.3%