First Reit had been a good investment for me over the years. It had provided good distributions regularly and also some capital gains. The reason I sold it away was because its Debt-to-Equity ratio had exceeded my comfort zone of 50% or less. For investments that I do not have time to monitor regularly, it is best that their debts are low in the first place. Last year, First Reit's share price had been dropping since the COVID-19 outbreak and the announcement by its sponsor, Lippo Karawaci (LPKR), to restructure the master leases of the hospitals that it lease from First Reit. The low share price attracted my attention, but when First Reit announced that the rents would be paid in Indonesian Rupiah (IDR) instead of Singapore Dollars (SGD) in future, I was no longer interested. Having the rents paid in IDR instead of SGD would subject it to foreign exchange risks....