At A Glance

At A Glance
RIGHT-OF-FIRST- REFUSAL AGREEMENTS
  • First REIT has the ROFR to Lippo Karawaci's pipeline of healthcare properties in Indonesia to be operated by Siloam
  • Siloam is the largest and most prominent hospital group in Indonesia, currently operating more than 30 state-of-the-art hospitals across Indonesia
  • First REIT has another ROFR from OUELH, and opportunities to tap on its growing healthcare network across Pan-Asia
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
  • In South Korea, Sarang Hospital is centrally located and is one of the largest rehabilitation treatment and nursing services facilities in Yeosu City
STABLE AND STRONG DISTRIBUTION MODEL
  • Stable cash distributions and committed to distribute 100% of taxable income
DIVERSIFIED PORTFOLIO OF 20 PROPERTIES VALUED AT S$1.35 BILLION
  • Indonesia: 12 hospitals, 2 integrated hospital & malls, 1 integrated hospital & hotel and 1 hotel & country club
  • Singapore: 3 nursing homes
  • South Korea: 1 hospital
TRIPLE-NET LEASES
  • Leases for Indonesia properties are pegged to SGD to mitigate forex volatility
  • Leases for Singapore properties are denominated in SGD
  • Lease for South Korea property is denominated in USD
  • Master lessees bear all operating costs relating to the properties including maintenance, insurance and certain taxes
WELL-DEFINED ACQUISITION STRATEGY
  • Focused on growing portfolio by acquiring yield-accretive properties in the healthcare and healthcare-related industry across Asia