- First Reit foresee that Lippo Karawaci (LK) will defaultas LK have been in negative cashflow since 2015 [LK contribute 72.1% of rental income]
- Unable to refinance as Bank are not lending due to concerns over LK (Deal breaker)
- Soon to expire of 5 Master lease by end 2021
SIAS - First REIT Virtual Dialogue Session was conducted on 7th Jan 5pm.
You can view the recording here and Q&A here.
Key Highlight
3 main issues: