Basic Profile & Key Statistics
Key Indicators
Performance Highlight
First REIT posted a YoY decline in gross revenue, NPI, distributable income, and DPU. The drop was mainly driven by the depreciation of the Indonesian Rupiah and Japanese Yen against the Singapore Dollar. However, the decline was partially cushioned by stronger rental contributions from its Singapore properties.
Related Parties Shareholding
REIT Sponsor's Shareholding: FavorableREIT Manager's Shareholding: FavorableDirectors of REIT Manager's Shareholding: Moderate
Lease Profile
Committed Occupancy: FavorableIncome Received in SGD/Major Currencies: Less FavorableHighest Annual Lease Expiry in 4 Years: FavorableWALE: FavorableWeighted Average Land Lease Expiry: Moderate
Debt Profile
Adjusted Interest Coverage Ratio: FavorableCost of Debt: Less FavorableGearing Ratio: ModerateFixed Rate Debt Proportion: Less FavorableUnsecured Debt Proportion: Less FavorableHighest Annual Debt Maturity in 4 Years: Less FavorableWADM: Less Favorable
Diversification Profile
Top Geographical Weightage: FavorableTop Property Weightage: ModerateTop 5 Properties' Weightage: FavorableTop Tenant Weightage: ModerateTop 10 Tenants' Weightage: Less Favorable
Key Financial Metrics
Property Yield: FavorableManager's Fees over Operating Distributable Income:
