Overview

ABOUT FIRST REAL ESTATE INVESTMENT TRUST

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.

Over the years, the Trust has successfully built a high quality and diversified asset portfolio of 31 properties comprising 16 located in Indonesia, three in Singapore and 12 in Japan. The properties are collectively valued at over S$1,253.0 million² as at 31 December 2021. The stable income-producing portfolio covers the full scale of healthcare real estate, including hospitals, nursing homes and other healthcare-related facilities.

First REIT is managed by First REIT Management Limited, which is 60% owned by OUE Limited and 40% owned by OUE Lippo Healthcare Limited ("OUELH"). First REIT enjoys the right-of-first refusal ("ROFR") to the pipeline of hospitals in Indonesia by PT Lippo Karawaci Tbk ("Lippo Karawaci"), Indonesia's largest broad-based listed property company. First REIT also has another ROFR from OUELH, and the opportunities to tap on its growing healthcare network across Pan-Asia.

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.