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Brokers' take

First Reit | Hold (maintained)
Dec 13 close: S$1.00
Target price: S$1.05

OCBC Investment Research, Dec 13

First Real Estate Investment Trust (FREIT) is looking to rebalance its portfolio, where up to 50 per cent of its assets will be located outside Indonesia within the next 3-5 years.

Roadmap-wise, we are of the opinion that FREIT could be looking to acquire a significant portion of OUE Lippo Healthcare's (OUELH) roughly S$300 million Japanese nursing home portfolio in 2019, with another two to three...

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