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

First REIT may have faced various tribulations over the past several years, including a sinkhole near its Surabaya asset and its previous sponsor’s dismal credit outlook.

But the REIT may now be in a better shape to meet its distribution obligations in the quarters ahead.

Related: First REIT clarifies timeline for its pivot outside Indonesia


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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.