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First Reit
AW9U.SG
First Real Estate Investment Trust (“First REIT” or the “Trust”), is a healthcare real estate investment trust focused on investing in income producing real estate properties which are primarily used for healthcare and healthcare related purposes. First REIT is managed by First REIT Management Limited (the “Manager”), which is headquartered in Singapore. The Manager is 40% directly held by OUE Healthcare Limited and 60% directly held by OUE Limited, who together are its Sponsors. As at 31 December 2024, the Trust has a portfolio of 32 properties across Asia, with a total asset value of S$1.12 billion.
97.21 B
AW9U.SGMarket value -Rank by Market Cap -/-

Financial Score

05/12/2025 Update
C
Equity Real Estate Investment Trusts (REITs)Industry
Industry Ranking17/39
Industry medianC
Industry averageC
Score Analysis
Peer Comparison
  • Criteria
    Rating
  • Profit ScoreB
    • ROE6.31%C
    • Profit Margin39.90%A
    • Gross Margin87.55%A
  • Growth ScoreD
    • Revenue YoY-5.51%D
    • Net Profit YoY-38.61%D
    • Total Assets YoY-1.05%D
    • Net Assets YoY-4.55%D
  • Cash ScoreD
    • Cash Flow Margin261.42%C
    • OCF YoY-5.51%D
  • Operating ScoreE
    • Turnover0.09E
  • Debt ScoreC
    • Gearing Ratio47.40%C

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Institutional View & Shareholder

Analyst Ratings

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    News
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    First REIT Announces Lease Extension for Siloam Hospitals Lippo Cikarang

    First REIT has announced a lease extension for Siloam Hospitals Lippo Cikarang, extending the lease from December 2025 to June 2026, pending lender approvals. The annual rent for this period is S$4,488,670. The latest analyst rating for First REIT (SG:AW9U) is a Buy with a price target of S$0.50. First REIT focuses on healthcare-related properties and aims for stable income through long-term leases, with a current market cap of S$600.5M and a year-to-date price performance of 19.25%.

    Tip Ranks·
    SG
    AW9U
    +1.82%
    Tip Ranks·
    SG
    AW9U
    +1.82%

    First REIT to sell Imperial Aryaduta Hotel & Country Club for $25.9m

    First Real Estate Investment Trust (First REIT) plans to sell the Imperial Aryaduta Hotel & Country Club in Indonesia for $25.9 million, representing a 22.2% premium over its original investment. The sale will be conducted through subsidiaries of Perpetual (Asia) Limited to PT Abadi Jaya Sakti and PT Tigamitra Ekamulia. The net proceeds of approximately $25.5 million will be used for debt repayment and corporate needs, aligning with First REIT's strategy of capital recycling and balance sheet strengthening.

    Singapore Business Review·
    SG
    AW9U
    +1.82%
    Singapore Business Review·
    SG
    AW9U
    +1.82%

    First REIT Announces Conditional Sale and Purchase Agreement for Divestment of PT Karya Sentra Sejahtera Shares

    First Real Estate Investment Trust (First REIT) has announced a conditional sale and purchase agreement for the divestment of 100% of PT Karya Sentra Sejahtera shares to PT Lippo Karawaci Tbk's subsidiaries. The transaction is valued at approximately S$25.9 million, with expected net proceeds of about S$25.5 million after fees. This divestment aims to optimize First REIT's capital structure and enhance returns for unitholders.

    Reuters·
    SG
    AW9U
    +1.82%
    Reuters·
    SG
    AW9U
    +1.82%

    First REIT to Release Q3 2025 Business Updates

    First Real Estate Investment Trust (SG:AW9U) will release its Q3 2025 business updates on October 28, 2025, after market close. This update is crucial for investors as it sheds light on the company's financial performance and strategic direction. The latest analyst rating for SG:AW9U is a Buy with a price target of S$0.50. First REIT focuses on healthcare-related properties and is listed on the Singapore Exchange with a market cap of S$590M.

    Tip Ranks·
    SG
    AW9U
    +1.82%
    Tip Ranks·
    SG
    AW9U
    +1.82%

    Stock Evaluation and Commentary: First Reit

    First REIT recommends a buy with a target price of 0.31 SGD, closing price at 0.27 SGD (-1.82%). The distribution per unit for the second quarter and the first half of the fiscal year 2025 is 0.55 cents and 1.13 cents, respectively, down 8.3% and 5.8% year-on-year, slightly below expectations. The decline in distributions is mainly due to the depreciation of the Indonesian Rupiah and the Japanese Yen, but rental income calculated in Singapore Dollars has increased. Despite the pressure from foreign exchange fluctuations, the distribution yield per unit for fiscal year 2025 is 8.4%, still attractive

    Zaobao·
    SG
    AW9U
    +1.82%
    Zaobao·
    SG
    AW9U
    +1.82%
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