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First Real Estate Investment Trust : Further Update - Impact Of Seroja Cyclone On Lippo Plaza Kupang

04/19/2021 | 05:37am EDT

(Constituted in the Republic of Singapore pursuant to

A trust deed dated 19 October 2006)

FURTHER UPDATE - IMPACT OF SEROJA CYCLONE ON LIPPO PLAZA KUPANG

First REIT Management Limited, as manager (the "Manager") of First Real Estate Investment Trust ("First REIT"), refers to the first update on the impact of the Seroja cyclone on Lippo Plaza Kupang as announced on 6 April 2021.

As a further update, after assessing the damages caused by the cyclone and with repair works in progress, Lippo Plaza Kupang has since resumed full operations; the adjoining Siloam Hospitals Kupang (together with Lippo Plaza Kupang, "the Kupang Property") continues to remain operational.

The Manager does not expect any material impact to the Kupang Property and will endeavour to provide further updates as and when there are any significant developments.

By Order of the Board

Tan Kok Mian Victor

Executive Director and Chief Executive Officer

First REIT Management Limited

(Company Registration No. 200607070D)

As Manager of First Real Estate Investment Trust

19 April 2021

Important Notice

The value of units in First REIT ("Units") and the income derived from them may fall as well as rise. The Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors have no right to request the Manager to redeem their Units while the Units are listed. It is intended that Unitholders may only deal in their Units through trading on Singapore Exchange Securities Trading Limited ("SGX-ST"). Listing of the Units on the SGX-ST does not guarantee a liquid market for the Units.

This announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for the Units. The past performance of First REIT is not necessarily indicative of the future performance of First REIT.

This announcement may contain forward-looking statements that involve risks and uncertainties. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. Representative examples of these factors include (without limitation) general industry and economic conditions, interest rate trends, cost of capital and capital availability, competition from similar developments, shifts in expected levels of property rental income, changes in operating expenses (including employee wages, benefits and training costs), property expenses and governmental and public policy changes. Investors are cautioned not to place undue reliance on these forward-looking statements, which are based on the Manager's view of future events.

Disclaimer

First Real Estate Investment Trust published this content on 19 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 April 2021 09:36:04 UTC.


© Publicnow 2021
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