First REIT Financial Overview

Singapore 3 SINGAPORE VALUATION (1) S$32.5 million 2 GROSS FLOOR AREA 11,161 square metres 1 3 ROOMS 732 1. Pacific Healthcare Nursing Home 2. @ Bukit Merah Pacific Healthcare Nursing Home II @ Bukit Panjang 3. The Lentor Residence Notes (1) Based on appraised values as at 31 December 2022 (2) The Business Times, 20 April 2023, Ageing Singapore can stay economically vibrant by growing workforce, productivity: Ong Ye Kung, Singapore (3) The Straits Times, 13 June 2022, 'Singapore to double number of eldercare centres by 2025, expand their services', Ministry of Health FIRST REIT ASIA'S PREMIER HEALTHCARE TRUST By 2026, Singapore is expected to become “super aged" society, when those aged 65 and above is expected to form 21% per cent of the population (2). Ministry of Health also plans to increase the number of nursing home beds to more than 31,000 in the next 10 years, vs ~16,900 beds in 2021 (3) Singapore properties are well-run nursing homes staffed by well-qualified, dedicated and experienced healthcare professionals. Built-in Rent Increment for 3 Nursing Homes Fixed base rental Annual increment of 2% Cost of utilities managed by Master Lessees in double net lease and triple net lease agreements 22

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