Homepage
PR Newswire
28-12-2010, 11:00 PM
First REIT announced its latest property portfolio valuation.
http://info.sgx.com/webcoranncatth.nsf/V...70035B2AE/$file/Announcement_Annual_valuation_2010.pdf?openelement
All of its Indonesian properties reported smallish fair value gains while the 3 local nursing homes reported fair value losses. The local proposed Pacific Cancer Center situated on freehold land appreciated massively and will be due to be opened in middle of 2011. Overall, portfolio value increased by $14.6 million to $355.5 million.
As stated in the OIS, FR should book in $33.0 million fair value gain in their latest 2 acquisition since it was purchased below market valuation.
Forecast Gearing in 1Q 2011
Total Debt: $105 million (estimated to include AEI scheme)
Property Valuation: $594 million
Gearing: 17.7%
Please correct my figures if they are incorrect.
(Vested)
http://info.sgx.com/webcoranncatth.nsf/V...70035B2AE/$file/Announcement_Annual_valuation_2010.pdf?openelement
All of its Indonesian properties reported smallish fair value gains while the 3 local nursing homes reported fair value losses. The local proposed Pacific Cancer Center situated on freehold land appreciated massively and will be due to be opened in middle of 2011. Overall, portfolio value increased by $14.6 million to $355.5 million.
As stated in the OIS, FR should book in $33.0 million fair value gain in their latest 2 acquisition since it was purchased below market valuation.
Forecast Gearing in 1Q 2011
Total Debt: $105 million (estimated to include AEI scheme)
Property Valuation: $594 million
Gearing: 17.7%
Please correct my figures if they are incorrect.
(Vested)
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.