11 quarters of DPU growth; can this REIT continue its track record?

On 17 April 2017, this REIT released it’s financial results ending 31 Mar 2017.

“This is our 11th consecutive quarter of DPU growth since 2Q 2014, a testament of our well-tested strategy of acquiring yield-accretive assets.” said its CEO.

Can this REIT continue its stellar track record? …

First REIT manager’s CEO, Dr Ronnie Tan, said “In FY 2017, we will continue to reinforce this strategy to maximise returns to our Unitholders.”

Indonesia remains First REIT’s key focal market for growth, especially with the expanding pipeline of over 40 hospitals from its Sponsor, PT Lippo Karawaci Tbk, for acquisition.

Southeast Asia’s largest economy, Indonesia’s gross domestic product grew 5.02% in 2016, an improvement from 4.88% in 2015. For 2017, International Monetary Fund is forecasting a growth of 5.1%, driven by government’s reforms and infrastructure developments.

Meanwhile, the healthcare sector remains supported by the ongoing national health insurance scheme, which now allows more affluent Indonesians to supplement coverage under the scheme with private health insurance, lending further weight to private healthcare spending.

What do you think?


How First REIT compares to it’s peer after close on 18 Apr 2017 (Source: YieldSavvy REITs screener)

Want to find out how First REIT stack up against other Singapore REITs? Click here!

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