First REIT Financial Overview
Diversifying tenant base
FIRST
REIT
ASIA'S PREMIER HEALTHCARE TRUST
Increase in third-party tenants and higher direct contribution from Siloam, the largest private hospital network in Indonesia
Notes
Indonesia
Tenants
% FY2022
Rental Income (1)
1 PT Lippo Karawaci Tbk and subsidiaries ("LPKR") (excluding Siloam)
39.8%
2
PT Siloam International Hospitals Tbk and subsidiaries ("Siloam")
35.7%
3
PT Metropolis Propertindo Utama and subsidiaries (“MPU”)
6.1%
Japan
Rental Contribution from Indonesia Mix (%)
56.3%
FY 2022
43.8%
1 Hikari Heights Varus Co., Ltd.
2 Safety Life Co., Ltd.
3 Orchard Care Co., Ltd
9.7%
2.2%
18.7%
1.6%
4
Benesse Style Care Co., Ltd
0.2%
5
Social Welfare Research Institute Co., Ltd
0.1%
Singapore
1 The Lentor Residence Pte. Ltd
2
Pacific Healthcare Nursing Home Pte. Ltd
3 Pacific Eldercare And Nursing Pte. Ltd
2.0%
1.3%
1.3%
Long term(2)
81.3%
Largest Private
Hospital Network in
Indonesia
Third party tenant
Siloam
LPKR or MPU
(1) Before recognition of FRS 116 rental straight-line adjustments
(2) Based on the terms of the Tripartite MLAs, from 1 October 2026, Siloam will pay 6.5% of the preceding year's gross operating revenue ("GOR"), leaving LPKR or MPU to pay 1.5% of the preceding year's GOR. The percentages represented in
this projection assumes that the rentals for each of the Tripartite MLAs beyond year 2026 are calculated based on the performance-based rent of 8.0% of each hospital's preceding year's GOR
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