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An update from First Real Estate Investment ( (SG:AW9U) ) is now available.
First REIT Management Limited has announced a short-term lease renewal for Siloam Hospitals Lippo Cikarang, extending the lease term from December 2025 to June 2026. This extension is contingent on lender approvals and includes a provision for lease termination in the event of a property divestment. The annual rent for the extended period is set at S$4,488,670, with a pro-rated amount of S$2,256,633 for the extension duration.
The most recent analyst rating on (SG:AW9U) stock is a Buy with a S$0.50 price target. To see the full list of analyst forecasts on First Real Estate Investment stock, see the SG:AW9U Stock Forecast page.
More about First Real Estate Investment
First Real Estate Investment Trust (First REIT) operates in the real estate investment sector, focusing primarily on healthcare-related properties. It manages a portfolio of properties, including hospitals, across Asia, with a strategic emphasis on stable income generation through long-term leases.
YTD Price Performance: 19.25%
Average Trading Volume: 2,031,771
Technical Sentiment Signal: Buy
Current Market Cap: S$600.5M
Learn more about AW9U stock on TipRanks’ Stock Analysis page.