Articles>First Real Estate Investment Trust: 5.68% Perpetuals a "Win-win" [20 Oct 16]

First Real Estate Investment Trust: 5.68% Perpetuals a "Win-win" [20 Oct 16]

We think the FIRTSP 5.680% Perpetual Corp (SGD)s remain a compelling investment opportunity in the SGD bond market today for a few reasons: 1) the defensive nature of the REIT's operations and resilient rental structure, 2) the fairly conservatively positioned balance sheet and credit profile, and 3) the hybrid (equity classification) of the FIRTSP 5.680% Perpetual Corp (SGD)s resulting in a "win-win" outcome for both the REIT as well as bondholders.

iFAST Research Team

Published on 20 Oct 2016

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