First Reit Q2FY11 result

Like its previous quarter, the declared distribution for this quarter for First Reit is S$0.0158 per unit.  Since I hold a total of 10000 shares (10 Lots), this quarter's dividend I shall receive is as followed:

S$0.0158 x 10000 shares = S$158

Date payable is on 29 Aug 2011.

First Reit Q1FY11 result

The declared distribution for First Reit is S$0.0158 per unit.  Since I hold a total of 10000 shares (10 Lots), this quarter's dividend I shall receive is as followed:

S$0.0158 x 10000 shares = S$158

Date payable is on 30 May 2011.

First Reit Q4FY10 result

The declared distribution for First Reit is S$0.0087 per unit.  Since I hold a total of 10000 shares (10 Lots), this quarter's dividend I shall receive is as followed :

S$0.0087 x 10000 shares = S$87

Date payable is on 28 Feb 2011.
It is not spectacular, but I am happy to receive it !!  :=)

First Reit Q4FY10 result release date

First Reit is going to announce its forth quarter for year 2010 on 21 Jan 2011 (Friday).

First Reit Rights Subscription - Result is out

I just checked my CDP for the First Reit rights subscription result.  It turns out to be a pleasant surprise !!

Before the result was out, there was news released about the almost full subscription for this rights excercise and I did not have much hope to get any excess allocation to me. However, I am lucky to get it afterall. Hence, below is the summary on the total First Reit shares I am now holding :



Open market purchase : 4000 shares (4 lots)

Entitled shares through rights subscription : 5000 shares (5 lots)

Additional shares obtained through excess rights subscription : 1000 shares (1 lot)

Total First Reit shares bought : 10000 shares (10 lots)




A happy ending for investment year 2010 indeed !!   :=)

First Reit Rights Subscription

Finally, the long awaited moment has arrived !!

Today is the second day opening for First Reit rights subscription via ATM. I proceeded to subscribe my 5000 rights as per planned.  On top of that, I am trying my luck for an additional 5000 excess rights, hope I can be lucky to get at least 1000 shares out of it.  Looking forward to the right subscription announcement day !!  :=)

First Reit - my first healthcare reit

Just two days ago, First Reit announces that it is going to issue rights to fund the purchase of two hospitals in Indonesia. According to the announcement, it is going to issue rights at S$0.50 per unit and the TERP is estimated to be at S$0.70. It is also a yield accretive acquisition as the distribution yield is to rise from 8.57% to 9.14% (based its calculation on the closing price of S$0.95 on 4th Nov 2010).

All along, I have been interested to own some units of this reit and now it provides me a very good opportunity to do just that. Due to my capital limitation, I intend to own about 10000 shares (10 Lots) of it. After some calculation and consideration, I decided to do this :

1. Buy from open market = 4000 shares (4 Lots)
2. Rights to be received = (4000/4) * 5 = 5000 rights units
3. Shares own after rights conversion = 4000 + 5000 = 9000 shares
4. For the balanced shares :

• To apply excess rights for at least = 1000 units => 1000 shares
• Or, buy again from open market = 1000 shares

 Net shares to own = 9000 + 1000 = 10000 shares

So far, I have completed Step 1 today. Hence for now, I shall wait for the window of rights application to open and then proceed with my rights and excess rights application.

I will continue my update about this purchase in my later posts.