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First Real Estate Investment Trust

First Real Estate Investment Trust

0.14
EUR
+0.00
(-2.33%)
342.52MMarket Cap
Feb 11Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.11
0.12
0.12
0.13
0.13
0.13
0.13
0.09
0.07
0.06
0.05
0.05
0.05
- -
Basic EPS, GAAP
0.15
0.11
0.08
0.05
0.09
0.09
0.06
-0.41
0.04
0.02
0.03
0.02
0.01
- -
Free Cash Flow per Basic Share
0.08
0.1
0.09
0.1
0.08
0.08
0.11
0.06
0.04
0.05
0.03
0.03
0.03
- -
Dividend per Share
0.06
0.05
0.06
0.07
0.07
0.08
0.08
0.05
0.03
0.02
0.03
0.02
0.02
0.07
Book Value per Share
0.88
0.93
0.94
0.99
0.99
1
0.98
0.52
0.4
0.32
0.32
0.3
0.27
0.95
Tangible Book Value per Share
0.88
0.93
0.94
0.99
0.99
1
0.98
0.52
0.4
0.32
0.32
0.3
0.27
0.95
Basic Weighted Avg Shares
763
791
819
845
858
864
873
852
1,499
1,982
2,068
2,086
2,111
721
Sales/Revenue/Turnover
83
93
101
107
111
116
115
79
102
111
109
102
101
- -
Operating Margin (%)
86.08
87.96
88.1
88.28
87.62
87.87
87.32
84.7
87.95
86.38
86.05
84.98
82.4
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
118
91
68
40
73
76
49
-352
63
34
63
37
29
- -
Effective Tax Rate (%)
1.28
19.6
29.6
37.21
21.51
- -
35.11
- -
16.75
35.36
19.02
27.33
33.09
- -
Profit Margin (%)
141.49
97.16
67.31
37.7
66.16
65.3
42.43
-444.31
61.67
30.18
58.34
35.96
28.83
- -
Working Capital
6
-28
-40
-133
-195
-86
41
-158
-40
31
30
24
-213
-166
LT Debt
354
370
398
272
278
387
486
294
250
450
449
453
194
293
Total Equity
683
745
791
839
852
869
856
464
652
665
660
632
560
839
Return on Invested Capital (%)
7.91
6.11
5.3
4.86
5.92
- -
4.83
- -
7.78
5.82
6.79
5.74
5.27
- -
Return on Capital (%)
14.32
9.31
6.6
3.92
6.65
- -
4.45
- -
7.47
4.03
7
4.56
3.79
- -
Return on Common Equity (%)
19.11
12.69
8.82
4.95
8.69
8.82
5.67
-53.41
11.31
5.1
9.56
5.69
4.86
- -

Capital Structure

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
- -
- -
196
LT Borrowings
486
486
293
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
875
877
883
Market Capitalization
778
795
536

Working Capital

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
55
85
71
Cash, Cash Equivalents & STI
29
33
18
Accounts Receivable, Net
23
20
48
Inventories
- -
- -
- -
Total Current Liabilities
42
44
237
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
196
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-1.15%
5.24%
-11.35%
Free Cash Flow
2.6%
7.88%
-1.56%
Net Income, GAAP
-95.03%
-27.85%
-21.15%
Sales/Revenue/Turnover
1.05%
5.56%
-1.65%
Total Cash Common Dividend
0.87%
2.4%
-6.33%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
109
2024
- -
- -
102
2025
- -
- -
101

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.03
2024
- -
- -
0.02
2025
- -
- -
0.01

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
0.03
2024
- -
- -
0.02
2025
- -
- -
0.02

Company Description

Company Profile APIChatGPT
CEO
Kok Mian Tan
Full Time Employees
24
Sector
Finance
Industry
Real estate investment trusts
Address
333 Orchard Road Singapore CE Singapore 238867
IPO Date
Dec 5, 2006
Website
first-reit.com
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Business
First Real Estate Investment Trust (First REIT) is a Singapore-based healthcare real estate investment trust that invests in a diversified portfolio of yield-accretive healthcare and healthcare-related properties across Asia; its assets include 15 properties in Indonesia comprising 11 hospitals (such as Siloam Hospitals Yogyakarta, Siloam Hospitals Labuan Bajo, Siloam Hospitals Kupang, Siloam Hospitals Purwakarta, Siloam Hospitals Bali, Siloam Hospitals TB Simatupang, Siloam Hospitals Manado, Siloam Hospitals Makassar, Siloam Hospitals Lippo Cikarang and Mochtar Riady Comprehensive Cancer Centre), two integrated hospitals and malls (Siloam Hospitals Buton & Lippo Plaza Buton and Siloam Hospitals Surabaya), one integrated hospital and hotel (Siloam Hospitals Manado & Hotel Aryaduta Manado) and one hotel and country club; three nursing homes in Singapore operated by Precious Homes Pte. Ltd., Precious Homes Bukit Panjang Pte. Ltd. and The Lentor Residence Pte. Ltd.; and 14 nursing homes in Japan operated by Hikari Heights Varus Co., Ltd., BEC Co., Ltd., Orchard Care Co., Ltd., Social Welfare Research Institute Co., Ltd. and Benesse Style Care Co., Ltd. The Trust, listed on the Singapore Exchange in December 2006 and headquartered at 333 Orchard Road in Singapore, is managed by First REIT Management Limited, which is 60% owned by OUE Limited and 40% by OUE Healthcare Limited; these sponsors hold a combined 45.17% stake as of 31 December 2024 and provide rights of first refusal for pipeline assets including hospitals from PT Lippo Karawaci Tbk. With total assets under management of S$1.12 billion as of 31 December 2024, a gross floor area of 450,085 square meters, 100% occupancy, a maximum of 6,531 beds and rooms, and a weighted average lease expiry of 10.6 years (with nearest renewals in December 2025), First REIT targets stable distributions to unitholders from its resilient healthcare-focused portfolio primarily leased to PT Siloam International Hospitals Tbk in Indonesia and established operators elsewhere. Recent developments include a strategic review launched in early 2025 following a preliminary non-binding letter of intent from Siloam to acquire its Indonesian hospital portfolio, alongside ongoing execution of the 2.0 Growth Strategy emphasizing tenant and geographic diversification amid forex pressures from the Indonesian Rupiah and Japanese Yen; the Trust maintains no major refinancing until May 2025 after prior debt optimizations including perpetual securities repurchases and a S$225.7 million term loan refinance in November 2022.