Unveiling First REIT 2.0: Our New Growth Strategy
2
Enlarged and Diversified Portfolio Positioned for Long-term Growth (Cont'd)
ENHANCED DIVERSIFICATION
The Proposed Acquisition will allow First REIT to reduce its concentration risk, enhance 3rd party tenant diversification and increase proportion of freehold assets
Geographic Diversification
by Asset Value (1)
96.4%
Pro Forma 1H2021
Before the Proposed Acquisition
O
Lease Diversification
by Rental Income (2)
Pro Forma 1H2021
Before the Proposed Acquisition
3.6%
71.9%
Pro Forma 1H2021
After the Proposed Acquisition
72.9%
2.7%
27.1%
24.4%
59.0%
Developed Markets
Pro Forma 1H2021
Land Tenure Enhancement
by Asset Value(1)
Pro Forma 1H2021
Before the Proposed Acquisition
၁
85.4%
20.2%
28.1%
14.6%
7.9%
Non-LPKR
After the Proposed Acquisition
Pro Forma 1H2021
After the Proposed Acquisition
16.6%
41.0%
24.4%
11.1%
Non-LPKR
88.9%
(4)
Indonesia
Singapore
Japan
LPKR
Siloam
3rd Parties (3)
Freehold / HGB
(4)
Leasehold / BOT
(1)
(2)
22
46
16
(3)
Based on the Agreed Purchase Price of the Japan Nursing Homes as at 29 October 2021 and the existing portfolio of First REIT as at 30 June 2021 (excluding Sarang Hospital).
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. Rental income from third parties refer to rental income derived from PT
Metropolis Propertindo Utama, tenants of the Singapore Nursing Homes and tenants of the Japan Nursing Homes but excludes that of Sarang Hospital.
Third parties refer to tenants who are unrelated to LPKR, PT Siloam International Hospitals Tbk or their subsidiaries.
(4)
FIRST REIT
Based on the Agreed Purchase Price of the Japan Nursing Homes as at 29 October 2021 and the Existing Portfolio. Land tenure by value; the two types of property titles in Indonesia are Freehold / HGB; and Leasehold / Build, Operate and Transfer ("BOT"), which includes Strata Title on BOT and ASIA'S PREMIER HEALTHCARE TRUST
Normal Title on BOTView entire presentation