Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
The latest announcement is out from First Real Estate Investment ( (SG:AW9U) ).
First Real Estate Investment Trust has entered into definitive agreements to divest eight Indonesian hospital properties to PT Siloam International Hospitals and three non-core assets to PT Lippo Karawaci and an MPU subsidiary, for total consideration of about S$471.5 million at a 2.1% premium to recent valuations, alongside full settlement of approximately S$6.9 million in rental arrears. The deals include a put option for First REIT to sell its remaining six Indonesian hospital assets to Siloam by late 2026, paving the way for a full exit from Indonesia, and the manager plans to allocate S$9.7 million of proceeds for a special distribution over two quarters, implying a pro-forma FY2025 distribution yield of 8.08% and signalling a strategic portfolio repositioning for unitholders.
More about First Real Estate Investment
First Real Estate Investment Trust is a Singapore-listed healthcare-focused REIT managed by First REIT Management Limited, with a portfolio historically concentrated in Indonesian hospital and related assets leased primarily to long-term tenant-operator PT Siloam International Hospitals Tbk. The trust also holds non-core commercial and hospitality properties in Indonesia and targets stable, income-generating healthcare infrastructure in the region.
Average Trading Volume: 2,102,613
Technical Sentiment Signal: Sell
Current Market Cap: S$498M
Learn more about AW9U stock on TipRanks’ Stock Analysis page.