First REIT Financial Overview

Positioned to deliver sustainable distributions FIRST REIT ASIA'S PREMIER HEALTHCARE TRUST 1 Nov 2020: Announced restructuring of Master Lease 8.60 8.60 Agreements in Indonesia for long term sustainability I Mar 2022: Acquired 12 nursing homes in Japan from OUE Healthcare Limited 4Q 44 2.15 2.15 Dec 2020: Proposed S$158 million rights issue Sep 2022: Acquired two nursing homes in Japan from third parties Distribution 3Q 2.15 2.15 Per Unit 4.15 (Singapore cent) 0.84 2.15 2.15 2.61 2.64 2Q 1.01 For illustrative purposes only 0.66 0.66 0.44 0.65 0.66 2.15 2.15 1.86 0.65 0.66 1Q 0.65 0.66 (1) (2) FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 0.62 1Q 2023 Distribution Yield (3) 8.7% 8.6% 17.7% 8.6% Price-to-book (4) 0.96x 1.00x 0.47x 0.83x 0.85x AUM in developed markets (5) 2.6% 2.6% 3.6% 3.4% 27.9% 10.2% 9.5% 0.87x >50% by FY 2027 Notes (1) Distribution per unit is lower mainly due to the issuance of 791,062,223 rights units on 24 February 2021. These new rights units were entitled to participate in the 1Q to 4Q 2021 distribution (2) A total of 431,147,541 new units at an issue price of S$0.305 per unit were issued to OUE Healthcare Limited, a related party as partial consideration of S$131,500,000 paid pursuant to the acquisition of subsidiaries on 1 March 2022 (3) Distribution yield based on end of period's closing unit price and distributions declared during the period (4) Price-to-book ratio based on end of period's closing unit price and net asset value per unit during the period (5) Singapore, Japan, and other Developed Markets such as Australia, UK, Europe, the US 11

View entire presentation