First REIT responds to queries on property values, interest rate swaps

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First REIT has responded to queries from the Singapore Exchange (SGX), which sought explanations on whether its manager has disclosed all material information relating to the value of its investment properties.

The REIT has also received queries regarding its interest rate swap arrangements.

First REIT warned investors earlier that its distributable income has been severely affected by rent reliefs, and difficult business conditions due to COVID-19.

Related: First REIT extends reliefs, paints grim picture of 1H 2020 performance


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