Overview

Listed on the Singapore Exchange Securities Trading Limited on 11 December 2006, First REIT is Singapore's first healthcare real estate investment trust. Its investment strategy encompasses a diverse portfolio of yield-accretive healthcare and healthcare-related real-estate assets in Asia.

First Reit

First REIT is sponsored by PT Lippo Karawaci Tbk, Indonesia's largest broad-based listed property company and it operates Siloam Hospitals Group, Indonesia's most progressive and innovative healthcare provider which has achieved international standards.

Managed by Bowsprit Capital Corporation Limited, the Trust has successfully built a high quality and diversified asset portfolio of 18 properties comprising 14 located in Indonesia, three in Singapore and one in South Korea. The properties are collectively valued at over S$1 billion. The stable income-producing portfolio covers the full scale of healthcare real estate, including hospitals, nursing home, rehabilitation centre and other healthcare-related facilities.

Country Asset Operator
Indonesia Siloam Hospitals Kupang & Lippo Plaza Kupang Siloam Hospitals Group & PT Lippo Malls Indonesia
Siloam Hospitals Manado & Hotel Aryaduta Manado Siloam Hospitals Group & The Aryaduta Hotel & Resort Group
Siloam Hospitals Labuan Bajo Siloam Hospitals Group
Siloam Sriwijaya
Siloam Hospitals Purwakarta
Siloam Hospitals Bali
Siloam Hospitals TB Simatupang
Siloam Hospitals Makassar
Mochtar Riady Comprehensive Cancer Centre
Siloam Hospitals Lippo Cikarang
Siloam Hospitals Lippo Village
Siloam Hospitals Kebon Jeruk
Siloam Hospitals Surabaya
Imperial Aryaduta Hotel & Country Club The Aryaduta Hotel & Resort Group
Singapore Pacific Healthcare Nursing Home @ Bukit Merah Pacific Healthcare Nursing Home Pte. Ltd.
Pacific Healthcare Nursing Home II @ Bukit Panjang Pacific Eldercare and Nursing Pte. Ltd.
The Lentor Residence The Lentor Residence Pte. Ltd.
South Korea Sarang Hospital Private vendor

Its unique and resilient asset class not only couples sound investment strategies and stable returns, but also offers exclusive investment opportunities as First REIT strives to expand its portfolio of healthcare assets in the Asian region.

Key data as at 31 December 2016
Highlight
Value of Assets-Under Management S$1,273.2 million
Total GFA 314,311 sqm
Nearest date of rental renewals 2021
Maximum number of beds/saleable rooms 4,712
Occupancy 100%
Weighted Average Lease Expiry (WALE) 10.0 years
Weighted Average Age of Properties (WAAP) 10.1 years