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XSESAW9U
Market cap385mUSD
Dec 23, Last price  
0.25SGD
1D
0.00%
1Q
-10.71%
Jan 2017
-80.16%
IPO
-55.88%
Name

First Real Estate Investment Trust

Chart & Performance

D1W1MN
XSES:AW9U chart
P/E
8.27
P/S
4.82
EPS
0.03
Div Yield, %
9.96%
Shrs. gr., 5y
19.07%
Rev. gr., 5y
-1.35%
Revenues
109m
-2.43%
28,290,00030,178,00029,850,00030,274,00054,006,00057,646,00083,280,00093,255,000100,698,000107,017,000110,993,000116,198,000115,297,00079,619,000102,346,000111,275,000108,568,000
Net income
63m
+88.59%
82,437,00022,953,00035,962,00069,500,00050,951,00065,244,000117,832,00090,603,00067,778,00040,341,00073,438,00075,875,00048,916,000-352,410,00063,113,00033,585,00063,339,000
CFO
70m
-24.84%
29,701,00020,644,00022,657,00027,554,00042,103,00049,771,00063,287,00080,767,00074,311,00081,456,00072,680,00073,338,000100,076,00050,400,00066,204,00093,080,00069,955,000
Dividend
Aug 06, 20240.006 SGD/sh
Earnings
Feb 04, 2025

Profile

First Real Estate Investment Trust (“First REIT”) is a real estate investment trust constituted by the Trust Deed entered into on 19 October 2006 between First REIT Management Limited (formerly Bowsprit Capital Corporation Limited) as the Manager and HSBC Institutional Trust Services (Singapore) Limited as the Trustee. First REIT was listed on the Singapore Exchange Securities Trading Limited on 11 December 2006. On 1 March 2018, HSBC Institutional Trust Services (Singapore) Limited retired as the Trustee of First REIT in favour of Perpetual (Asia) Limited. First REIT is Singapore's first healthcare real estate investment trust that aims to invest in a diversified portfolio of income-producing real estate and / or real estate-related assets in Asia that are primarily used for healthcare and / or healthcare-related purposes. Managed by First REIT Management Limited,, First REIT's portfolio consists of 20 properties located in Indonesia, Singapore and South Korea, namely 1) Siloam Hospitals Lippo Village, 2) Siloam Hospitals Kebon Jeruk, 3) Siloam Hospitals Surabaya, 4) Imperial Aryaduta Hotel & Country Club, 5) Mochtar Riady Comprehensive Cancer Centre, 6) Siloam Hospitals Lippo Cikarang, 7) Siloam Hospitals Manado & Hotel Aryaduta Manado, 8) Siloam Hospitals Makassar, 9) Siloam Hospitals Bali, 10) Siloam Hospitals TB Simatupang, 11) Siloam Hospitals Purwakarta, 12) Siloam Sriwijaya, 13) Siloam Hospitals Kupang & Lippo Plaza Kupang, 14) Siloam Hospitals Labuan Bajo, 15) Siloam Hospitals Buton & Lippo Plaza Buton, 16) Siloam Hospitals Yogyakarta, 17) Pacific Healthcare Nursing Home @ Bukit Merah, 18) Pacific Healthcare Nursing Home II @ Bukit Panjang, 19) The Lentor Residence and 20) Sarang Hospital. Its hospital assets in Indonesia are operated by PT Siloam International Hospitals Tbk, a subsidiary of PT Lippo Karawaci Tbk, a strong brand name in the Indonesian healthcare industry supported by a team of international healthcare professionals whereas The Imperial Aryaduta Hotel & Country Club and Hotel Aryaduta Manado are operated by The Aryaduta Hotel and Resort Group. The Lippo Plaza Kupang and Lippo Plaza Buton are managed by PT Lippo Malls Indonesia. In Singapore, the nursing homes at Bukit Merah and Bukit Panjang are operated by Pacific Healthcare Nursing Home Pte. Ltd. and Pacific Eldercare and Nursing Pte. Ltd., respectively. The Lentor Residence is operated by The Lentor Residence Pte. Ltd. In South Korea, the Sarang Hospital is operated by a private doctor. Through First REIT, investors can participate in an asset class that has a focus towards Asia's growing healthcare sector, which is boosted by an increase in life expectancy in Indonesia and the rest of Southeast Asia.
IPO date
Dec 11, 2006
Employees
19
Domiciled in
SG
Incorporated in
SG

Valuation

Title
SGD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
108,568
-2.43%
111,275
8.72%
102,346
28.54%
Cost of revenue
13,679
14,165
12,317
Unusual Expense (Income)
NOPBT
94,889
97,110
90,029
NOPBT Margin
87.40%
87.27%
87.97%
Operating Taxes
14,877
18,369
12,697
Tax Rate
15.68%
18.92%
14.10%
NOPAT
80,012
78,741
77,332
Net income
63,339
88.59%
33,585
-46.79%
63,113
-117.91%
Dividends
(52,136)
(49,489)
(38,168)
Dividend yield
9.51%
9.61%
8.35%
Proceeds from repurchase of equity
BB yield
Debt
Debt current
920
1,453
99,258
Long-term debt
448,926
449,613
249,953
Deferred revenue
3,186
2,284
Other long-term liabilities
10,816
8,518
(2,284)
Net debt
409,020
403,715
298,008
Cash flow
Cash from operating activities
69,955
93,080
66,204
CAPEX
(4,306)
(662)
Cash from investing activities
(4,623)
8,118
5,615
Cash from financing activities
(69,260)
(102,651)
(40,077)
FCF
60,287
70,590
77,149
Balance
Cash
40,266
46,103
51,203
Long term investments
560
1,248
Excess cash
35,398
41,787
46,086
Stockholders' equity
725,691
1,149,601
1,054,702
Invested Capital
1,085,430
1,085,280
953,747
ROIC
7.37%
7.72%
8.16%
ROCE
8.11%
8.24%
8.82%
EV
Common stock shares outstanding
2,067,938
1,981,551
1,499,382
Price
0.27
1.92%
0.26
-14.75%
0.31
49.11%
Market cap
548,004
6.37%
515,203
12.66%
457,312
153.22%
EV
957,024
1,436,439
1,218,877
EBITDA
94,902
97,124
90,042
EV/EBITDA
10.08
14.79
13.54
Interest
18,023
14,073
11,819
Interest/NOPBT
18.99%
14.49%
13.13%