First REIT

Thanks, I realised I missed out the other part of the rent.

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(06-09-2017, 10:01 PM)wonghw12 Wrote:

(06-09-2017, 09:42 PM)vingaard Wrote: First Reit's proposed acquisition of Siloam Hospitals Buton and Lippo Plaza Buton is for a consideration of $28.5 million. The base lead is $1.6 million per annum. The circular stated that the yield of the property is 9.97%. If I take $1.6 million as a percentage of $28.5 million, that works out to 5.6%. Am I missing something here?

The $1.6m p.a. rent is for Siloam Hospitals Buton. Lippo Plaza Buton rent is $1.242m p.a. The total will yield 9.97%

Vingaard has a point there,... where does it say in the circ that Lippo Plaza Buton's rent is 1.242m pls ?

Tks Wonghw12,...

(08-09-2017, 12:35 AM)WH Cheng Wrote:

(06-09-2017, 10:01 PM)wonghw12 Wrote:

(06-09-2017, 09:42 PM)vingaard Wrote: First Reit's proposed acquisition of Siloam Hospitals Buton and Lippo Plaza Buton is for a consideration of $28.5 million. The base lead is $1.6 million per annum. The circular stated that the yield of the property is 9.97%. If I take $1.6 million as a percentage of $28.5 million, that works out to 5.6%. Am I missing something here?

The $1.6m p.a. rent is for Siloam Hospitals Buton. Lippo Plaza Buton rent is $1.242m p.a. The total will yield 9.97%

Vingaard has a point there,... where does it say in the circ that Lippo Plaza Buton's rent is 1.242m pls ?

Tks Wonghw12,...

It is in the same long doc after the part where it tells you the $1.6m rent for SHB. Can try using the find in page function.

(08-09-2017, 01:29 PM)wonghw12 Wrote:

(08-09-2017, 12:35 AM)WH Cheng Wrote:

(06-09-2017, 10:01 PM)wonghw12 Wrote:

(06-09-2017, 09:42 PM)vingaard Wrote: First Reit's proposed acquisition of Siloam Hospitals Buton and Lippo Plaza Buton is for a consideration of $28.5 million. The base lead is $1.6 million per annum. The circular stated that the yield of the property is 9.97%. If I take $1.6 million as a percentage of $28.5 million, that works out to 5.6%. Am I missing something here?

The $1.6m p.a. rent is for Siloam Hospitals Buton. Lippo Plaza Buton rent is $1.242m p.a. The total will yield 9.97%

Vingaard has a point there,... where does it say in the circ that Lippo Plaza Buton's rent is 1.242m pls ?

Tks Wonghw12,...

It is in the same long doc after the part where it tells you the $1.6m rent for SHB. Can try using the find in page function.

OKay,... tq Wong,....

Siloam Hospitals Bali Not Affected by Lombok Earthquake

First Real Estate Investment Trust announced that the operations of First REIT’s property in Bali, namely Siloam Hospitals Bali, was not affected by the earthquake that rocked Lombok Island on 5 August 2018.

Request for Trading Halt: Pending Release of Announcement

OUE Lippo Healthcare, OUE, and First REIT simultaneously request for trading halt.

(18-09-2018, 12:34 PM)cyclone Wrote: Request for Trading Halt: Pending Release of Announcement

OUE Lippo Healthcare, OUE, and First REIT simultaneously request for trading halt.

See https://www.valuebuddies.com/thread-3565...#pid149502

Significant sell down of First Reit, which has dropped from $1.42 near the beginning of the year to $1.04 today, with nearly half of the fall this month. Lots of possible issues - specific concerns over Lippo associated companies, possibility of rights issue (?), fall in the Rupiah, more general issues such as rising interest rates. REITS have generally not done well this year, particularly the weaker ones.

Quite a lot of discussion in another forum:

http://www.sharejunction.com/sharejuncti...rst%20REIT

First REIT has been a very solid performer since the GFC. Subscribing to the rights issue at 50c in December 2010 proved to be very profitable, but will any future rights issues be equally good?

(19-11-2018, 05:41 PM)Dosser Wrote: Significant sell down of First Reit, which has dropped from $1.42 near the beginning of the year to $1.04 today, with nearly half of the fall this month. Lots of possible issues - specific concerns over Lippo associated companies, possibility of rights issue (?), fall in the Rupiah, more general issues such as rising interest rates. REITS have generally not done well this year, particularly the weaker ones.

Quite a lot of discussion in another forum:

http://www.sharejunction.com/sharejuncti...rst%20REIT

First REIT has been a very solid performer since the GFC. Subscribing to the rights issue at 50c in December 2010 proved to be very profitable, but will any future rights issues be equally good?

Any relation to this article? 

https://www.theedgesingapore.com/oue-kep...lean-house

LTM revenue for First REIT = 115m. They have 31.8m trade receivables. TR % of LTM revenue = 27.6%. Why does FIRST Reit even have trade receivables as a landlord? Higher receivables = DPU has to be funded from existing cash balances or debt instead of organic operations or raising the possibility of future lower DPU.