First REIT Financial Overview
Indonesia
15
INDONESIA
VALUATION (1)
S$825.6
million
GROSS FLOOR AREA
333,343
square metres
10
HOSPITAL BEDS
3,762
FIRST
REIT
ASIA'S PREMIER HEALTHCARE TRUST
Average number of hospital beds in Indonesia of 1.0 per 1,000
people remains below regional averages (2), (3)
Japan (2020)
12.6
Asia Pacific-High Income
5.4
Asia Pacific-Lower Income and Low Income
2.8
9
Asia Pacific-Upper Middle Income
Singapore (2021)
2.6
2.9
Indonesia (2017)
1.0
0
4
8
12
16
Per 1 000 population
6 8 11
12 13 14 15
3
12. Siloam Hospitals Lippo Cikarang
1.
Siloam Hospitals Yogyakarta
6.
Siloam Hospitals Purwakarta
11. Mochtar Riady Comprehensive Cancer
Centre
2.
Siloam Hospitals Buton & Lippo Plaza
Buton
7.
Siloam Hospitals Bali
3.
Siloam Hospitals Labuan Bajo
8.
Siloam Hospitals TB Simatupang
13. Siloam Hospitals Lippo Village
4.
Siloam Hospitals Kupang & Lippo Plaza 9.
Kupang
Siloam Hospitals Manado & Hotel
Aryaduta Manado
14. Siloam Hospitals Kebon Jeruk
5.
Siloam Sriwijaya
10. Siloam Hospitals Makassar
15. Imperial Aryaduta Hotel & Country Club
Indonesia hospitals are strategically located within large
catchment areas of potential patients and each hospital has a
"Centre of Excellence" or area of specialty.
Built-in Rent Increment for 13 Hospitals
Higher base rent escalation of 4.5%; OR
Performance-based rent escalation of 8.0% of hospital's
gross operating revenue in the preceding financial year
Triple net lease agreements ensures inflation managed by
Master Lessee
Cost of utilities and repair managed by Master Lessee
Notes
(1) Based on appraised values as at 31 December 2022
(2) Source: OECD Health Statistics 2022
(3) Source: Singapore Department Of Statistics, Ministry of Health
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