What a timely article! First REIT has dropped by almost 10% since market opened. This article shed more light on the rental agreement, where Lippo Karawaci acts as a support to Siloam Hospitals to pay off its rents to First REIT.

Indeed, this rental is unsustainable, but I did not expect things to erupt this quickly. I have explained previously in this article -

For those that have invested in First REIT, I do not have any great advice. Only thing I feel we can do is to diversify portfolio amid the COVID crisis.

~Mr Llama

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