First REIT Financial Overview
1Q 2023: Balance sheet & financial position
Note
S$' MILLION
ASSETS
NON-CURRENT (1)
CURRENT
TOTAL
AS AT
31 MARCH 2023
AS AT
31 DECEMBER 2022
1,136.0
1,146.6
54.2
52.0
1,190.2
1,198.6
LIABILITIES
NON-CURRENT
CURRENT
516.5
512.1
21.0
21.2
TOTAL
537.5
533.3
UNITHOLDERS' FUNDS
619.8
632.1
TOTAL ISSUED AND ISSUABLE
2,068.0
2,050.9
UNITS (MILLIONS)
NAV/UNIT (CENT)
30.04
30.70
FIRST
REIT
ASIA'S PREMIER HEALTHCARE TRUST
Total assets was lower at S$1,190.2 million
due to the depreciation of Japanese Yen and
Indonesian Rupiah in 1Q23 vs 1Q22
Total issued and issuable units include 431.1
million new units to our sponsor OUE
Healthcare in early March 2022 to partially
fund an acquisition of 12 nursing homes.
As at 31 March 2023, First REIT's sponsors'
combined stake in First REIT was 44.35% and
has strong alignment with other unitholders
of First REIT
(1) Non-current assets comprise investment properties which declined from $$1,145.3 million as at 31 December 2022 to S$1,135.3 million as at 31 March 2023 due to the depreciation of foreign currencies against the Singapore Dollar.
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