First REIT Financial Overview

Financial performance since 2021 Rental and other income (S$' million) (1) 19.3 19.6 19.2 (2) 44.2 FRS116 straight-line adjustment 28.2 30.4 Total debt 25.5 27.1 26.8 FIRST REIT ASIA'S PREMIER HEALTHCARE TRUST FY 2020 FY 2021 FY 2022 1Q 2023 S$492.4m S$352.4m S$461.2m S$464.6m Gearing ratio 49.0% (3) 33.6% 38.5% 39.0% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 Weighted average debt to maturity 1.2 0.9 3.4 3.1 years years years years Notes Net property and other income (S$' million) 43.7 (2) All-in Cost of debt 3.6% 4.2% 3.7% 4.7% (1) 18.6 19.0 18.9 تا 29.5 27.5 25.2 26.4 25.8 Interest Cover Ratio 3.6x 5.2x 5.0x 4.2x % debt with fixed rates or hedged 40.0% 55.9% 59.6% 62.8% 1Q21 2Q21 3Q21 4Q21 1Q22 2Q22 3Q22 4Q22 1Q23 (1) Restructured master leases in Indonesia took effect in 1Q21 (2) A straight-line adjustment, in line with the accounting treatment under FRS116 – lease, took effect from 4Q21. The straight-line adjustment for a full year was recognised in 4Q21, and subsequently recognised on a quarterly basis. (3) In November 2020, First REIT announced the restructuring of Master Lease Agreements in Indonesia for long term sustainability. In December 2020, First REIT announced a proposed Sponsor-backed S$158 million rights issue. On a pro forma basis post rights issue, the gearing ratio for FY 2020 was 34.6%. 6

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