Singapore Stock Market News
First REIT - 2Q18: Boosted by inorganic growth
StockFanatic
Publish date: Thu, 19 Jul 2018, 01:38 PM
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■ Stronger 2QFY18 earnings came from new acquisitions and inorganic growth.
■ Weighted average lease expiry (WALE) remains long at nine years.
■ FIRT is exploring acquisition growth opportunities. Gearing is healthy at 34.2%.
■ We reduce our DPU estimates as we factor in the write-off of unamortised loan related costs. Maintain Hold. Read More
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