First Real Estate Investment Trust
AW9UHealthcareFirst 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 2025, the Trust has a portfolio of 31 properties across Asia, with a total asset value of S1.02 billion dollars. These include 14 properties in Indonesia comprising 11 hospitals, 2 integrated hospitals & malls and an integrated hospital & hotel; 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 while healthcare properties in Singapore and Japan are operated by well-established third-party operators. First Real Estate Investment Trust was established on October 19, 2006 and incorporated in 2006 in Singapore.
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Distributions
No upcoming ex-date announced yet.
2026 dividends: S$0.015 per security · indicative yield 7.14% at S$0.21 last.
Pays 3x/year · 5 years of dividends on record, from 2022 onwards.
Full dividend history
| Ex-Date | Amount / Security |
|---|---|
| 12 Aug 2026 | S$0.0048 |
| 07 May 2026 | S$0.005 |
| 16 Feb 2026 | S$0.0052 |
| 05 Nov 2025 | S$0.0052 |
| 13 Aug 2025 | S$0.0055 |
| 14 May 2025 | S$0.0058 |
| 19 Feb 2025 | S$0.0058 |
| 12 Nov 2024 | S$0.0058 |
Dividends by year
| Year | Total / Security | Yield* |
|---|---|---|
| 2026 | S$0.015 | 7.14% |
| 2025 | S$0.0223 | 10.62% |
| 2024 | S$0.024 | 11.43% |
| 2023 | S$0.0252 | 12.00% |
| 2022 | S$0.0264 | 12.57% |
*Yield uses the current last price (S$0.21) against each year's total — indicative only.
Earnings
Announcements & news
- SGX page for AW9U ↗Price, trading data and this counter's own announcements
- SGX company announcements ↗Every counter's filings, if you need to search across them
- Investor relations ↗First Real Estate Investment Trust's own results and presentations
- Latest news ↗Press coverage and commentary
Healthcare REIT; NAV is book value/unit as of Dec 2025. Gearing 44.6% as at 31 Mar 2026 -- expected to fall to ~16.7% once a S$471.5m divestment plan (Indonesian hospitals/non-core assets) completes; 1H2026 results (29 Jul 2026) may already show a lower figure not yet reflected here.
Price synced from SGX. Other figures carry their own source and date above. How we source our numbers