Key Developments: First Real Estate Investment Trust (FRET.SI)

FRET.SI on Stock Exchange of Singapore

1.14SGD
16 Apr 2014
Price Change (% chg)

$0.01 (+0.88%)
Prev Close
$1.13
Open
$1.13
Day's High
$1.14
Day's Low
$1.13
Volume
573,000
Avg. Vol
493,094
52-wk High
$1.43
52-wk Low
$0.99

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Latest Key Developments (Source: Significant Developments)

First Real Estate Investment Trust announces books closure and distribution payment date
Friday, 17 Jan 2014 05:19am EST 

First Real Estate Investment Trust:Declares 1.97 cents per unit in First REIT for the period from Oct. 1 to Dec. 31, comprising a taxable income component of 0.08 cents per unit.Says book closure date will be Jan. 27.Says distribution reinvestment plan will apply to the distribution.  Full Article

First Real Estate Investment Trust Announces Distribution
Friday, 25 Oct 2013 07:20am EDT 

First Real Estate Investment Trust announced that it declared a 16.7% increase in distribution per unit (DPU) of 1.96 cents for third quarter of 2013, payable on November 29, 2013.  Full Article

First Real Estate Investment Trust Announces Issuance Of SGD100,000,000 4.125 Per Cent. Fixed Rate Notes Due 2018 Pursuant To SGD500,000,000 Multicurrency Medium Term Note Programme
Wednesday, 22 May 2013 05:56am EDT 

First Real Estate Investment Trust announced that futher to the announcement made earlier, Bowsprit Capital Corporation Limited, as manager of First Real Estate Investment Trust (First REIT, and as manager of First REIT, the Manager) announced that HSBC Institutional Trust Services (Singapore) Limited (in its capacity as trustee of First REIT) (the Issuer), has issued the SGD100,000,000 4.125 Per Cent. Notes Due 2018 (the Notes) on May 22, 2013. The Notes are issued pursuant to the SGD500,000,000 Multicurrency Medium Term Note Programme (the Programme) established by the Issuer on April 11, 2013. The Hongkong and Shanghai Banking Corporation Limited and Oversea-Chinese Banking Corporation Limited acted as the joint lead managers and bookrunners in relation to the issue of the Notes. The Notes will bear interest at a rate of 4.125 per cent. per annum and will mature on May 22, 2018. The net proceeds from the issue of the Notes (after deducting issue expenses) will be applied by the Issuer towards financing the acquisition of Siloam Hospitals Bali (SHBL Acquisition) and part financing the acquisition of Siloam Hospital TB Simatupang (SHTS Acquisition)1 by First REIT as announced on March 27, 2013.  Full Article

First Real Estate Investment Trust Announces Completion Of Acquisition Of Siloam Hospitals Bali
Monday, 13 May 2013 06:39am EDT 

First Real Estate Investment Trust announced that the completion of the acquisition of SHBL (the SHBL Acquisition). With the completion of the SHBL Acquisition, First REIT’s portfolio has been enlarged and comprises 13 properties located in Indonesia, Singapore and South Korea. The completion of the acquisition of SHTS will be announced in due course.  Full Article

First Real Estate Investment Trust Enters Into Conditional Sale And Purchase Agreements To Acquire Two New Income Producing Hospitals
Tuesday, 26 Mar 2013 07:45pm EDT 

Bowsprit Capital Corporation Limited, as manager of First Real Estate Investment Trust announced that First REIT has entered into conditional sale and purchase agreements to acquire two new income-producing hospitals in Indonesia, for a combined purchase consideration of approximately SGD190.4 million. The proposed acquisitions (the Acquisitions) comprise: Siloam Hospitals Bali (SHBL), located at Jalan Sunset Road, No.818, Kuta, Badung, Bali 80361, Indonesia, for a purchase consideration of approximately SGD97.3 million from a wholly-owned subsidiary of PT Lippo Karawaci Tbk (the Sponsor). This will be financed entirely by a drawdown of committed debt facility; Siloam Hospitals TB Simatupang (SHTS), located at Jalan Letjend. TB Simatupang/ Jalan R. A. Kartini No.8, Cilandak, South Jakarta, Indonesia, for a purchase consideration of approximately S$93.1 million from an indirect wholly-owned subsidiary of the Sponsor. This will be financed by a combination of a drawdown of committed debt facility and issuance of new units to the Sponsor (Consideration Units). he final issue price of the Consideration Units will be determined based on the 10-day Volume-Weighted Average Price of the Units immediately preceding the date of completion of the acquisition of SHTS.  Full Article

First Real Estate Investment Trust Announces Distribution
Wednesday, 23 Jan 2013 04:41am EST 

First Real Estate Investment Trust announced the distribution of 0.70 cents per unit for the period from November 26, 2012 to December 31, 2012, payable on February 28, 2013.  Full Article

Singapore's First Real Estate Investment Trust To Raise Up To $25 Million Via Placement-Reuters
Wednesday, 14 Nov 2012 09:16pm EST 

Reuters reported that Singapore's First Real Estate Investment Trust is placing up to 31.6 million units at an indicative price range of SGD0.95-SGD0.97 each, raising as much as SGD30.7 million ($25.1 million).  Full Article

First Real Estate Investment Trust To Acquire Integrated Hospital And Hotel In Manado And Hospital In Makassar For Total Of SGD143 Million
Friday, 21 Sep 2012 08:40am EDT 

Bowsprit Capital Corporation Limited, as manager of First Real Estate Investment Trust (First REIT and as manager of First REIT, the Manager), announced that First REIT has entered into conditional sale and purchase agreements for the proposed acquisition of two new properties in Indonesia. The proposed acquisitions (the Acquisitions) – comprising an integrated hospital and hotel in Manado, and another hospital in Makassar in Indonesia’s southern province of Sulawesi – will be purchased from two wholly-owned units of PT Lippo Karawaci Tbk (First REIT’s sponsor) for a combined purchase consideration of approximately SGD142.9 million. The acquisition of Siloam Hospitals Manado & Hotel Aryaduta Manado at a consideration of S$83.6 million will be funded by a combination of committed debt and proceeds from a proposed private placement exercise to be carried out by the Manager, whereas the purchase of the SGD59.3 million Siloam Hospitals Makassar will be financed entirely by a drawdown of committed debt. Oversea-Chinese Banking Corporation Limited has been appointed as the sole financial adviser for the Acquisitions.  Full Article

First Real Estate Investment Trust Announces Ownership Interest Of PT Menara Tirta Indah
Monday, 25 Jun 2012 06:37am EDT 

First Real Estate Investment Trust has acquired a holding interest of 43,000,000 ordinary shares representing 6.82% of issued share capital of the Company.  Full Article

UPDATE 3-Emirates REIT to raise $135 mln in first Dubai IPO since 2009

* Assets now valued at about $333 million (Adds details on portfolio, dividends, background on Dubai IPOs)

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