First REIT

AW9U.SI : Singapore Exchange

0.240

0.00%

Share Price in SGD. As of 21 Jun 17:04:07 SGT

All

Chart

Key stats

  • 52-Week High
    SGD 0.270
  • 52-Week Low
    SGD 0.205
  • Market Cap
    SGD 501M
  • Avg Volume
    859K
  • P/E Ratio (TTM)
    8.00
  • Forward Dividend Yield
    8.3%

Share Price Performance

AW9U.SI
Market
1 Day 0.00% -0.02%
5 Day 0.00% 0.26%
1 Month -2.04% -0.06%
6 Month -9.43% 6.22%
YTD -7.69% 2.36%
1 Year -5.88% 2.25%
5 Year -73.60% 6.42%
Include dividend return

Beansprout Analysis

Beansprout's Checklist

  • Fundamental

    Occupancy Rate of 100.00% is higher than sector average of 99.85%

  • Financial

    Gearing Ratio of 38.70% is higher than sector average of 37.15%

  • Valuation

    Dividend Yield of 8.33% is higher than sector average of 6.31%

Revenue Breakdown by Asset

Revenue Breakdown by Geography

Market Analysis

Analyst Ratings

  • DBS Research

    30 Jun 2023

    Buy

    0.300

  • OCBC Investment

    21 Feb 2024

    Buy

    0.300

    (prev 0.290)

  • SAC Capital

    04 Aug 2023

    Buy

    0.295

    (prev 0.300)

  • Lim & Tan Securities

    04 Aug 2023

    Buy

    0.300

Valuation

Price to book (P/B) ratio

Current P/B
0.8
Historical Average P/B
0.6

First REIT's current P/B ratio of 0.8x is higher than its historical average P/B ratio of 0.6x.

Earnings

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%

Earnings per share (EPS)

The latest earnings per share is $0.02, which is lower than the earnings per share of $0.04 in 2021.

Financials

Financial Statements

20 Feb 2024

Full Yearly Results

For period ending 31 Dec 2023

01 Aug 2023

Half Yearly Results

For period ending 30 Jun 2023

Annual Reports

28 Mar 2024

Annual Report

For period ending 31 Dec 2023

News

Profile

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.

FAQ

Hot stocks that may interest you