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First Real Estate Investment Trust (FRET)

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0.275 +0.005    +1.85%
08/08 - Closed. Currency in SGD
Type:  Equity
Market:  Singapore
ISIN:  SG1U27933225 
S/N:  AW9U
  • Volume: 596,700
  • Bid/Ask: 0.275 / 0.275
  • Day's Range: 0.270 - 0.275
First REIT 0.275 +0.005 +1.85%

First Real Estate Investment Trust Company Profile

 
Get an in-depth profile of First Real Estate Investment Trust, including a general overview of the company's business and key management, as well as employee data and location and contact information.
IndustryResidential & Commercial REITs
SectorReal Estate
Employees

23

Equity Type

REIT

First Real Estate Investment Trust (“First REIT” or the “Trust”), is a healthcare real estate investment trust focused on investing in diverse yield-accretive healthcare and healthcare-related real estate assets within and outside of Asia. First REIT is managed by First REIT Management Limited (the “Manager”), which is headquartered in Singapore. The Manager is 60% directly held by OUE Limited (“OUE”), and 40% directly held by OUE Healthcare Limited (“OUEH”), who together are its Sponsors and hold a combined stake in First REIT of 45.17% 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 as at 31 December 2024. These include 15 properties in Indonesia comprising 11 hospitals, 2 integrated hospitals & malls, 1 integrated hospital & hotel, and 1 hotel & country club; 3 nursing homes in Singapore; and 14 nursing homes in Japan. The Trust’s healthcare properties in Indonesia are operated by PT Siloam International Hospitals Tbk (“Siloam”) while healthcare properties in Singapore and Japan are operated by well-established third-party operators. The Trust has a right-of-first-refusal (“ROFR”) from OUEH and opportunities to tap on its growing healthcare network across Pan-Asia. In addition, First REIT also has a ROFR to a pipeline of hospitals from PT Lippo Karawaci Tbk (“Lippo Karawaci”), a shareholder of Siloam.

Contact Information

Address 333 Orchard Road #33-02
Singapore, 238867
Singapore
Phone 65 6435 0168
Fax 65 6435 0167

Top Executives

Name Age Since Title
Pengee Chan 58 2018 Lead Independent Director of First REIT Management Limited
Minny Riady 51 2019 Non-Independent Non-Executive Director of First REIT Management Limited
Kok Mian Tan - 2024 CEO & Executive Director of First REIT Management Limited
Kok Mian Tan 57 2008 CEO & Executive Director of First REIT Management Limited
Chuan Lye Tan 68 2017 Independent Non-Executive Director of First REIT Management Limited
Ferris Charles Bye 71 2018 Independent Non-Executive Director of First REIT Management Limited
Martin Lechner 56 2018 Independent Non-Executive Director of First REIT Management Limited
Christopher James Williams 66 2018 Non-Independent Non-Executive Chairman of First REIT Management Limited
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