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First Real Estate Investment Trust

AW9UHealthcare

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 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.

Price
S$0.210
Official · 04 Sept 2026
Distribution Yield (2026 YTD)
7.14%
Calculated from official data · 04 Sept 2026
P/NAV
0.91x
Calculated from official data · 04 Sept 2026
NAV/Unit
S$0.230
Official · 29 Jul 2026
Gearing
45.70%
Official · 29 Jul 2026
Portfolio and balance-sheet figures as reported for FY2025
Interest Coverage
4.20xx
Official · 29 Jul 2026
DPU
S$0.015
Official · 12 Aug 2026

Each figure shows where it came from. How we source our numbers →

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-DateAmount / Security
12 Aug 2026S$0.0048
07 May 2026S$0.005
16 Feb 2026S$0.0052
05 Nov 2025S$0.0052
13 Aug 2025S$0.0055
14 May 2025S$0.0058
19 Feb 2025S$0.0058
12 Nov 2024S$0.0058

Dividends by year

YearTotal / SecurityYield*
2026S$0.0157.14%
2025S$0.022310.62%
2024S$0.02411.43%
2023S$0.025212.00%
2022S$0.026412.57%

*Yield uses the current last price (S$0.21) against each year's total — indicative only.

See the full dividend calendar →

Earnings

05 Feb 2027(est.)(2H/FY2026)

Announcements & news

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