First REIT owns a chain of hospitals in Indonesia and they are paying a high dividend yield. However, their master lease is expiring in 2021 and its parent, Lippo Karawaci, is running into some financial trouble. What are the risks of First REIT and are they a safe buy?
1. Lippo Karawaci – Rating upgrade to B3 by Moody, Outlook changed from negative to neutral 2. Revamp in leadership – John Raidy becomes CEO & Surya Tatang becomes CFO 3. Secured US$1.01 billion from […]