In case you missed it, this is the 1 year chart of First REIT.
It’s gone from $1.00 in Jan, to $0.22 this week.
For those who are not vested, it’s a very interesting case study. I myself had a lot of fun piecing together the details.
So I really wanted to share the story with you guys, and I hope you enjoy it as much as I did!
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What is going on with First REIT?
First REIT is a Singapore listed REIT that owns hospitals in Indonesia. It’s sponsored by the Lippo group in Indonesia, which is owned by the Riady family.
A brief timeline of what happened:
June 2020...