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First Real Estate Investment ( (SG:AW9U) ) has shared an update.
First REIT’s manager has announced a series of proposed divestments of Indonesian assets valued at about S$471.5 million, including eight hospitals to Siloam and two non-hospital properties to Lippo Karawaci, plus a prepaid lease of commercial rights to an MPU subsidiary, all at modest premiums to recent valuations. In parallel, First REIT has granted put options to Siloam over six remaining Indonesian hospitals that could unlock a further S$294.8 million, and is inviting unitholders to a SIAS-hosted dialogue on 8 June 2026 to explain the strategic rationale, address questions ahead of an extraordinary general meeting, and seek support for reshaping its portfolio and capital recycling plans.
More about First Real Estate Investment
First Real Estate Investment Trust (First REIT) is a Singapore-listed healthcare-focused real estate investment trust that primarily holds hospital and related commercial assets, with a significant portfolio in Indonesia. Its properties are largely leased to healthcare operators such as PT Siloam International Hospitals Tbk, positioning the trust as a key landlord in regional healthcare infrastructure.
Average Trading Volume: 2,095,022
Technical Sentiment Signal: Sell
Current Market Cap: S$498M
Find detailed analytics on AW9U stock on TipRanks’ Stock Analysis page.