Shares & Derivatives
First REIT’s 1Q FY24 Result Review
By REIT-TIREMENT  •  April 30, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue, NPI, distributable amount and DPU declined slightly YoY mainly due to stronger Singapore Dollar against the Indonesia Rupiah and the Japanese Yen. Related Parties Shareholding The REIT sponsor, REIT manager, and directors of the REIT manager hold a relatively high proportion of shareholding. Lease Profile Committed occupancy stands at 100%, with a long WALE and no major lease expiry within 4 years. However, the proportion of income in SGD/major currencies is low. Debt Profile The debt profile is mixed: there's a relatively high interest coverage ratio, a high proportion of fixed-rate debt, and a relatively long WADM. However, the cost of debt is high, the proportion of unsecured debt is relatively low, and there's a concentration on debt maturity in 2026. Diversification Profile The portfolio shows diversity in geographical locations and properties, but a notable concentration in tenants. Key Financial Metrics Property yield and operating distributable income on...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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