At A Glance

At A Glance
Blue-chip sponsor with strong pipeline
  • Our Sponsor, Lippo Karawaci, Indonesia's largest property group, has a strong pipeline of 43 healthcare properties operated by Siloam, which is listed on the Indonesia Stock Exchange and the largest and most prominent hospital group in Indonesia
  • First REIT has the right-of-first-refusal to Lippo Karawaci's healthcare properties
High quality healthcare properties
  • Indonesia hospitals are strategically located within large catchment areas of potential patients and each has a "Centre of Excellence"
  • Singapore properties are well-run nursing homes staffed by well-qualified, dedicated and experienced healthcare professionals
  • South Korea‚Äôs Sarang Hospital is one of the largest rehabilitative and nursing services facilities in Yeosu City, South Korea
Triple-net leases denominated in SGD and USD
  • Base rent of leases for Indonesia properties are pegged to Singapore Dollar so rental income is relatively unaffected by Rupiah fluctuations
  • Leases for Singapore properties are denominated in Singapore Dollar
  • Lease for South Korea property is denominated in US Dollar
  • Master Lessees bear all operating costs relating to the properties including maintenance, insurance and certain taxes
Stable and strong distribution model
  • Stable cash distributions and committed to distribute 100% of taxable income
Well-defined acquisition strategy
  • Focused on growing portfolio by acquiring yield-accretive properties in the healthcare and healthcare-related industry across Asia
Diversified portfolio of 18 properties valued at S$1.27 billion
  • Indonesia: 11 hospitals, 1 hospital & mall, 1 integrated hospital & hotel, and 1 hotel & country club
  • Singapore: 3 nursing homes
  • South Korea: 1 hospital