Lippo Group Impact on First Reit and Lippomall trust

Both REITs price correction due to parent company lippo group financial issues. Since then lippo group has began initiatives to shore up the group balance sheets. First reit tenants which are laretely lippo owned hospitals should not have issues paying the rental going forward. The rating agencies also upgrade the ratings with the plan in place. First reit and Lippomall trust price have corrected a lot and are not rising compared to the rest of the S REITs which have their yields compressed. Indicating a potential entry opportunity at current larger yields. Take note of upcoming quarterly performance to check for further developments.