First Real Estate Investment Trust (AW9U.SI)

0.2450 -0.0050 (-2.00%) As of 02:59PM SGT. Market open.

First Real Estate Investment Trust

333 Orchard Road
#33-02
Singapore 238867
Singapore
65 6435 0168
https://www.first-reit.com

Sector(s): Real Estate
Industry: REIT - Healthcare Facilities
Full-time employees: 20

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Kok Mian Tan	CEO & Executive Director of First REIT Management Limited	N/A	N/A	1967
Ms. Chwee Ngor Ng	Chief Financial Officer of First REIT Management Limited	N/A	N/A	N/A
Mr. Seng Leong Chan	Senior Vice President of Asset & Investment Management of First REIT Management Limited	N/A	N/A	1969
Mr. Hua Yeow Chua	Company Secretary of First REIT Management Limited	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in SGD.

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.

Corporate governance

First Real Estate Investment Trust’s ISS governance QualityScore as of N/A is N/A. The pillar scores are Audit: N/A; Board: N/A; Shareholder rights: N/A; Compensation: N/A.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.