Unveiling First REIT 2.0: Our New Growth Strategy

PORTFOLIO OVERVIEW Portfolio of 12 high quality freehold nursing homes which are well-placed across Japan JAPAN NURSING HOMES PORTFOLIO JAPAN NURSING HOMES BY PREFECTURE 餅 12 Sapporo City, Hokkaido (7 assets) Matsumoto City, Nagano (2 assets) JPY 25.2 bn NURSING HOMES VALUATION OF THE PROPERTIES (1) 18.4bn VALUE(2) (JPY) 1.8bn VALUE(2) (JPY) SAPPORO 4% 67k 7% 7k SQUARE METERS Sapporo Matsumoto SQUARE METERS 16% 4 Prefectures in Japan H ET 100% 1,451 Rooms Breakdown by Asset Value(1) 73% OCCUPANCY(3) Kyoto Nara 100% OCCUPANCY (3) JPY25.2bn SENDAI 91k Gross Floor Area (Sq m) & 100% FREEHOLD LAND MIKKO MATSU- MOTO Miyazu City, Kyoto (1 asset) KYOTO TOKYO NARA 4.0bn VALUE(2) (JPY) 1.0bn VALUE(2) (JPY) L c.22 Years WALE(2) Nara City/Kita Katsuragi-gun, Nara (2 assets) 100% COMMITED OCCUPANCY (3) Refers to the aggregate of the higher of the two independent valuations of each Japan Nursing Home by CWKK and CBRE as of 29 October 2021. Refers to the higher of the two independent valuations of each Japan Nursing Home by CWKK and CBRE as of 29 October 2021. (1) 12 (2) (3) (4) As at 29 October 2021 Portfolio is 100% master-leased to third party tenant-cum-operators 14k SQUARE METERS 100% 12% OCCUPANCY(3) 16% Gross Rent Contribution by Operator(4) JPY1.4bn 72% Hikari Heights Varus (Sapporo) Safety Life (Nara) Orchard Care (Nagano & Kyoto) 3k SQUARE METERS 100% OCCUPANCY (3) FIRST REIT ASIA'S PREMIER HEALTHCARE TRUST

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