Singapore: First REIT crashes on plans to restructure hospital rents

Siloam International Hospitals, BIMC hospital Nusa Dua

Shares in First REIT, Singapore’s first listed healthcare real estate investment trust, slumped as much as 30% at one point after it announced plans to restructure its hospital rental structure. Parent Lippo Karawaci said that the Covid-19 pandemic had “significantly impacted Siloam’s revenues and led to a drastic decline in patient volumes across Indonesia.” Listed…

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