First REIT's property in Singapore, Pacific Healthcare nursing home in Bukit Merah (Photo: REITsWeek)

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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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.