First REIT Financial Overview
Active execution of 2.0 Growth Strategy
1
Diversify into Developed
Markets
Reshape Portfolio For
Capital Efficient Growth
3
FIRST
REIT
ASIA'S PREMIER HEALTHCARE TRUST
Strengthen
Capital Structure to
Remain Resilient
Continue to Pivot
to Ride Megatrends
Increase portfolio in
developed markets to
>50% of AUM by FY 2027
27.9% of AUM in
developed markets as at
31 December 2022
Recycle capital from
non-core, non-healthcare
assets, mature assets
Completed divestment of
Siloam Hospitals Surabaya in
September 2022
Identified IAHCC (1) as a non-
core asset which is being
marketed for divestment
Diversify funding sources,
continue to optimise
financial position
Successfully priced
Singapore's first healthcare
social bond in April 2022
No refinancing requirements
until May 2025
Improve ESG, ride on
opportunities in
ageing demographics
and under-penetrated
healthcare sector
SGX=
Fixed Income
Recognised as
Sustainable Fixed Income
Notes
(1) Imperial Aryaduta Hotel & Country Club
First REIT 2.0 Growth Strategy:
www.first-reit.com/about-growth-strategy.html
First REIT 2.0 Growth Strategy (*) :
www.first-reit.com/jp/growth-strategy.html
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