| Date | Analyst | Company | Last | Target | Call | Valuation |
| 01/30/20 | Lim & Tan | First Reit | 0.995 | 0 | Buy on weakness | |
| 01/31/20 | CIMB | First Reit | 1.02 | 1.15 | Add | DDM |
| 08/03/20 | CIMB | First Reit | 0.555 | 0.957 | Add | DDM |
| 09/21/20 | Lim & Tan | First Reit | 0.455 | 0 | Hold |
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