First Real Estate Investment Trust Company Description

First Real Estate Investment Trust (“First REIT” or the “Trust”), is a healthcare real estate investment trust focused on investing in diverse yield-accretive healthcare and healthcare-related real estate assets within and outside of Asia.

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

The Manager is 60% directly held by OUE Limited (“OUE”), and 40% directly held by OUE Healthcare Limited (“OUEH”), who together are its Sponsors and hold a combined stake in First REIT of 45.17% as at 31 December 2024.

The Trust has a portfolio of 32 properties across Asia, with a total asset value of S$1.12 billion as at 31 December 2024.

These include 15 properties in Indonesia comprising 11 hospitals, 2 integrated hospitals & malls, 1 integrated hospital & hotel, and 1 hotel & country club; 3 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 (“Siloam”) while healthcare properties in Singapore and Japan are operated by well-established third-party operators.

The Trust has a right-of-first-refusal (“ROFR”) from OUEH and opportunities to tap on its growing healthcare network across Pan-Asia.

In addition, First REIT also has a ROFR to a pipeline of hospitals from PT Lippo Karawaci Tbk (“Lippo Karawaci”), a shareholder of Siloam.

First Real Estate Investment Trust

Country	Singapore
Founded	2006
Industry	REIT - Healthcare Facilities
Sector	Real Estate
Employees	23
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