REITs
REIT Watch - Earnings season kicks off as 27 S-REITs confirm schedule
SGX Research • 21 days ago
AW9U.SI : Singapore Exchange
0.240
-2.04%
Share Price in SGD. As of 17:06:05 SGT
First REIT announced distribution per share (DPS) of S$0.01
24 Apr 2024 • Upcoming dividend
First REIT (AW9U.SI) Share Price
Chart
Key stats
- 52-Week HighSGD 0.270
- 52-Week LowSGD 0.205
- Market CapSGD 501M
- Avg Volume1.5M
- P/E Ratio (TTM)8.00
- Forward Dividend Yield8.33%
Earnings Highlights
1Q 2024 Results Summary
Revenue: SGD 26.10M
Decreased 3% Year-on-Year
The financial results in 1Q 2024 were impacted by a stronger Singapore Dollar against the Indonesia Rupiah and the Japanese Yen.
Net Property Income (NPI): SGD 25.30M
Decreased 2% Year-on-Year
The financial results in 1Q 2024 were impacted by a stronger Singapore Dollar against the Indonesian Rupiah and the Japanese Yen.
Distribution Per Unit (DPU): SGD 0.01
Decreased 3% Year-on-Year
Apart from a stronger Singapore Dollar, rising interest rates led to a higher cost of debt of 5.0% in 1Q 2024 as compared with 4.7% in 1Q 2023.
Leverage/Gearing: 39%
Outlook
Amidst persistent inflation and geopolitical worries, market uncertainty regarding interest rates and currencies have risen. In Japan, the central bank has exited its ultra-lose monetary policy and guided the overnight call rate to be in a range of 0-0.1%. However, the Japanese Yen weakened as investors perceived the Bank of Japan's guidance to be dovish. Separately, the Indonesian Rupiah has depreciated to around Covid-19 pandemic levels but its central bank said it is intervening in the market to help steady the currency.
Sources: First REIT Financial Report
Consensus Share Price Target
No consensus on recommendation available. View analysis to learn more about First REIT.
Share Price Performance
| AW9U.SI | Market
| |
|---|---|---|
| 1 Day | -2.04% | -0.05% |
| 5 Day | -4.00% | -0.38% |
| 1 Month | -5.88% | 3.36% |
| 6 Month | 4.35% | 5.92% |
| YTD | -7.69% | 1.88% |
| 1 Year | -7.69% | -2.47% |
| 5 Year | -76.22% | -0.30% |
Include dividend return
Beansprout Insights
Latest News
Latest dividend
- Dividend yield (TTM)
- 10.25%
- Last payment
- $0.0031
- Last ex-Date
- 07/05/2024
By SGX as of 12 May 2024
See how much dividend you will receive in a year based on your investment amount
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Company Description
First REIT was established with the principal investment objective of owning
and investing in a diversified portfolio of income-producing real estate and/or
real estate-related assets in Asia that are primarily used for healthcare
and/or healthcare-related purposes including but not limited to regional
healthcare and/or healthcare-related markets with high growth potential such as
Indonesia, Singapore, China, Malaysia, Thailand and Hong Kong.
In addition, as one of its objectives, First REIT seeks to invest in healthcare
and healthcare-related assets that are positioned to capitalise on the growing
demand for healthcare services in Asia.
The Manager of First REIT is Bowsprit Capital Corporation Limited. The Manager’
s key financial objective is to provide unitholders of First REIT
(“Unitholders”) with a competitive rate of return for their investment by
ensuring regular and stable distributions to Unitholders and to achieve
long-term growth in the net asset value (“NAV”) of First REIT.
First REIT’s initial asset portfolio as at Listing Date consists of the
following Properties which are all located in Indonesia:
Siloam Hospitals Lippo Karawaci;
Siloam Hospitals West Jakarta;
Siloam Hospitals Surabaya; and
Imperial Aryaduta Hotel & Country Club.