First Real Estate Investment Trust (AW9U)
Summary
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First Real Estate Investment Trust Profile
| Health Care REITs Industry | Real Estate Sector | Kok Mian Tan CEO | SGX Exchange | SG1U27933225 ISIN |
| SG Country | 23 Employees | 7 May 2026 Last Dividend | 26 Jan 2021 Last Split | - IPO Date |
Overview
First Real Estate Investment Trust (First REIT or the Trust) is a distinguished healthcare real estate investment trust that specializes in acquiring and managing income-producing real estate properties, predominantly used for healthcare and related services. Managed by First REIT Management Limited, headquartered in Singapore, First REIT has a robust backing with a 40% direct stake held by OUE Healthcare Limited and a 60% direct stake by OUE Limited, collectively known as its Sponsors. As of the end of 2023, the Trust boasts a significant portfolio compromising 32 properties across Asia, valued at a total asset value of S$1.14 billion. Emphasizing on becoming Asia's leading healthcare trust, First REIT is committed to implementing its '2.0 Growth Strategy.' This strategic blueprint anchored on four pillars aims at diversifying into developed markets, reshaping its portfolio for capital efficient growth, enhancing its capital structure for resilience, and aligning with global megatrends to ensure sustainable and long-term growth.
Products and Services
- Healthcare Properties in Indonesia
- Nursing Homes in Singapore
- Nursing Homes in Japan
First REIT’s portfolio in Indonesia comprises 15 properties. This includes 11 hospitals, two integrated hospital & mall complexes, an integrated hospital & hotel, and a hotel & country club. These properties are centrally operated by PT Siloam International Hospitals Tbk, a testament to First REIT’s commitment to enhancing healthcare infrastructure in Indonesia.
In Singapore, the Trust manages three nursing homes. These facilities are designed to provide high-quality care for the elderly, operated by reputable third-party operators. This reflects First REIT’s initiative to support Singapore's aging population by ensuring access to essential healthcare services.
Expanding its healthcare real estate portfolio into Japan, First REIT owns 14 nursing homes. Managed by well-established operators, these facilities cater to Japan's demographic needs, underscoring First REIT’s strategy to invest in markets with growing demand for healthcare services due to an aging population.
