FIRST REIT- ASIA LEADING HEALTHCARE REIT WITH 10% YIELD

$First Reit(AW9U.SI)$  

Maintain BUY with an unchanged DDM-derived target price of S$0.30. First REIT is trading at an attractive 16% discount to NAV and a forward FY24e distribution yield of 9.3%. Organic growth will stem from more Indonesian hospitals achieving performance-based rent. Potential catalysts include the successful divestment of non-core assets such as Imperial Aryaduta Hotel and Country Club (IAHCC) and recycling the proceeds to fund acquisitions in developed markets as part of its First REIT 2.0 growth strategy. Our estimates remained unchanged.


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# 💰 Stocks to watch today?(23 Dec)

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  • SPOT_ON
    ·08-22
    TOP
    First REIT completes acquisition of 12 nursing homes in Japan
    • Maiden entry into a high growth market underpinned by rapidly ageing demographics and positive
    reception of eldercare facilities
    • Acquisition of well-established freehold assets strategically located across Japan to boost income
    streams
    • Successfully taken first step of First REIT 2.0 Growth Strategy to expand into developed markets and
    diversify geographical risk
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    • SPOT_ON

      12 well-established and high-quality assets strategically located across Japan to cater to the respective
      eldercare needs in the area. At a combined gross floor area of approximately 90,989 square metres with 1,451 rooms
      08-22
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  • SPOT_ON
    ·08-22
    TOP
    all the properties are freehold and 100% master-leased to third-party tenants who are well-
    established and experienced independent local nursing home operators.
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  • SR050321
    ·08-20
    TOP
    I sold at 0.23 think to buy back lower than 0.23 still waiting 🙏
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  • SPOT_ON
    ·08-21
    massive few millions shares buy up just now... [Call] [Call] [Call] [Call] [Call] [Call] [Call]
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    • SPOT_ON
      LOAD UP
      08-21
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  • DYOD, can consider

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    • SPOT_ON
      [Like] [ShakeHands] [Salute] [Call] [Call] [Call] [Call]
      08-30
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  • SPOT_ON
    ·08-21
    hospitals and old age homes in Singapore,  Indonesia and Japan!!!
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  • SPOT_ON
    ·08-21
    https://www.first-reit.com/portfolio-overview.html
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  • SPOT_ON
    ·08-27

    [Call]  [Call]  [Call]  [Call]  [USD]  [USD]  [USD]  [USD]  [USD]  

    LOAD UP

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  • SPOT_ON
    ·09-19

    BUY CHEAP TIGERS 

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  • SPOT_ON
    ·09-18

    BUY CHEAP

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  • SPOT_ON
    ·09-17
    Great article, would you like to share it?
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  • SPOT_ON
    ·09-16
    Great article, would you like to share it?
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  • SPOT_ON
    ·09-11

    Buy cheap

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  • SPOT_ON
    ·08-26
    Great article, would you like to share it?
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  • SPOT_ON
    ·08-22
    Great article, would you like to share it?
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  • 袁榮
    ·08-21

    Great article, would you like to share it?

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    • SPOT_ON
      [Salute] [Salute] [Salute]
      08-23
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  • TerenceD
    ·08-21

    🆗 

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  • SPOT_ON
    ·08-21
    LOAD UP CHEAP
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