Stock Name: First REIT
Company Name: FIRST REAL ESTATE INV TRUST
SIAS Research in an Oct 24 research report says: "Despite increased operating expenses coming from the three new acquisitions, YTD net property income (NPI) and profit margins (excluding divestment of investment property) improved slightly increasing from 98.7% to 99.2% and 79.5% to 81.9% respectively.
"We expect further growth to their results coming from gradually increase in utilisation of their new acquisitions, MRCCC and Sarang Hospital. FREIT had announced a substantial increase in distributions for the 3rd quarter at 1.92 cents per share compared to its last quarter distribution of 1.58 cents per share. This increases its dividends yield to 8.6%. Intrinsic value of 97 cents. MAINTAIN INCREASE EXPOSURE."
Company Name: FIRST REAL ESTATE INV TRUST
| Research House: SIAS | Price Call: BUY | Target Price: 0.97 |
SIAS Research in an Oct 24 research report says: "Despite increased operating expenses coming from the three new acquisitions, YTD net property income (NPI) and profit margins (excluding divestment of investment property) improved slightly increasing from 98.7% to 99.2% and 79.5% to 81.9% respectively.
"We expect further growth to their results coming from gradually increase in utilisation of their new acquisitions, MRCCC and Sarang Hospital. FREIT had announced a substantial increase in distributions for the 3rd quarter at 1.92 cents per share compared to its last quarter distribution of 1.58 cents per share. This increases its dividends yield to 8.6%. Intrinsic value of 97 cents. MAINTAIN INCREASE EXPOSURE."
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