AW9U Company Description

First Real Estate Investment Trust (“First REIT” or the “Trust”), is a healthcare real estate investment trust focused on investing in income producing real estate properties which are primarily used for healthcare and healthcare related purposes.

First REIT is managed by First REIT Management Limited (the “Manager”), which is headquartered in Singapore.

The Manager is 40% directly held by OUE Healthcare Limited and 60% directly held by OUE Limited, who together are its Sponsors.

As at 31 December 2023, the Trust has a portfolio of 32 properties across Asia, with a total asset value of S$1.14 billion.

These include 15 properties in Indonesia comprising 11 hospitals, two integrated hospitals & malls, an integrated hospital & hotel and a hotel & country club; three nursing homes in Singapore; and 14 nursing homes in Japan.

The Trust’s healthcare properties in Indonesia are operated by PT Siloam International Hospitals Tbk while healthcare properties in Singapore and Japan are operated by well-established third-party operators.

With a vision to become Asia’s premier healthcare trust, First REIT is actively executing its ‘2.0 Growth Strategy’ of four well-defined strategic pillars to drive sustainable long-term growth.

The four pillars are to diversify into developed markets, reshape portfolio for capital efficient growth, strengthen capital structure to remain resilient, and continue to pivot to ride megatrends.

First Real Estate Investment Trust

Country	Singapore
Founded	2006
Industry	REIT - Healthcare Facilities
Sector	Real Estate
Employees	20
CEO	Kok Mian Tan

Contact Details

Address: 333 Orchard Road Singapore, 238867 Singapore
Phone	65 6435 0168
Website	first-reit.com

Stock Details

Ticker Symbol	AW9U
Exchange	Singapore Exchange
Fiscal Year	January - December
Reporting Currency	SGD
ISIN Number	SG1U27933225
SIC Code	6798

Key Executives

Name	Position
Kok Mian Tan	Chief Executive Officer
Chwee Ngor Ng	Chief Financial Officer