Unveiling First REIT 2.0: Our New Growth Strategy
2
Enlarged and Diversified Portfolio Positioned for Long-term Growth (Cont'd)
HEDGING EXCHANGE RATE RISK
The Proposed Acquisition is expected to help hedge against fluctuation in exchange rate given low correlation between SGD-IDR and SGD-JPY
Geographical Diversification
by Rental Income (1)
Pro Forma 1H2021
Before the Proposed Acquisition
5-year Historical SGD-IDR and SGD-JPY(2)
Rebased to 100
94.7%
125 ✓ Low to negative correlation historically
between SGD-IDR versus SGD-JPY
JPY appreciation and
IDR depreciation
-SGD-JPY
-SGD-IDR
120
5.3%
Pro Forma 1H2021
After the Proposed Acquisition
77.7%
IDR
SGD
115
110
105
100
4.4%
JPY appreciation and
95
IDR depreciation
18.0%
JPY
90
Dec-16
Dec-17
Dec-18
17
(1)
Based on rental income received as of the first six-month period of the financial year ending 31 December 2021 from 1 January 2021 to 30 June 2021 ("1H2021"); but excluding the rental income from Sarang Hospital.
(2) FactSet (as of 3 December 2021)
Dec-19
Dec-20
JPY depreciation and
IDR appreciation
Dec-21
FIRST 'I' REIT
ASIA'S PREMIER HEALTHCARE TRUSTView entire presentation