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Tuesday, 21 October 2014

First REIT (Real Estate Investment Trust) - AW9U.SI

Listed on the Singapore Exchange Securities Trading Limited on 11 December 2006, First REIT is Singapore's first healthcare real estate investment trust. Its investment strategy encompasses a diverse portfolio of yield-accretive healthcare and healthcare-related real-estate assets in Asia.

It has 15 properties;

11 are located in Indonesia
3 are located in Singapore
1 located in South Korea

CountryAssetOperator
IndonesiaSiloam Hospitals Manado & Hotel Aryaduta ManadoSiloam Hospitals Group & The Aryaduta Hotel & Resort Group
Siloam Hospitals PurwakartaSiloam Hospitals Group
Siloam Hospitals Bali
Siloam Hospitals TB Simatupang
Siloam Hospitals Makassar
Mochtar Riady Comprehensive Cancer Centre
Siloam Hospitals Lippo Cikarang
Siloam Hospitals Lippo Village
Siloam Hospitals Kebon Jeruk
Siloam Hospitals Surabaya
Imperial Aryaduta Hotel & Country ClubThe Aryaduta Hotel & Resort Group
SingaporePacific Healthcare Nursing Home @ Bukit MerahPacific Healthcare Nursing Home Pte. Ltd.
Pacific Healthcare Nursing Home II @ Bukit PanjangPacific Eldercare and Nursing Pte. Ltd.
The Lentor ResidenceFirst Lentor Residence Pte. Ltd.
South KoreaSarang HospitalPrivate vendor


Notes:
1. Company has dividend reinvestment whereby investors get dividends in scripts  instead of cash.
2. Rental income from Indonesia hospitals are in S$.
3. Rental income from South Korea hospital is in US$.


Financial year is from 1 Jan to 31 Dec.

3Q 2014 results announced on 17 Oct 2014. (link)

Units issued: 727,306,958.
NAV is 96.99 cents as at 30 Sep 2014
Net property income: S$23.5 million
DPU is 2.02 cents (S$14.7 million)
Cash as at 30 Sep 2014 is S$30,565,000.
Debt as at 30 Sep 2014 is S$432,632,000.

4Q 2014 results announced on 15 Jan 2015. (link)

Acquired Siloam Sriwijaya Hospital (Indonesia) for S$39.16 million in Dec 2014.

Units issued is 738,072,397.
NAV is 101.81 cents.
Net property income is S$23.525 million.
DPU is 2.04 cents (S$14.963 million).
Cash as at 31 Dec 2014 is S$28,230,000
Debt as at 31 Dec 2014 is S$396,575,000.

1Q 2015 results announced on 14 Apr 2015 (link)
Units issued is 740,878,203.
NAV is $101.94 cents.
Net Property Income is $24,.246 million.
DPU is 2.06 cents ($15.252 million)
Cash as at 31 Mar 2015 is $31,865,000.
Debt as at 31 Mar 2015 is $371,141,000

2Q 2015 results announced on 20 Jul 2015 (link)
Units issued is 744,640,464.
NAV is 101.94 cents.
Net Property Income is $24.6 million.
DPU is 2.07 cents ($15.4 million)
Cash as at 30 Jun 2015 is $35,455,000
Debt as at 30 Jun 2015 is $401,600,000.

3Q 2015 results announced on 13 Oct 2015. (link)
Units issued is 748,050,271.
NAV is 102.02 cents.
Net property Income is $25.044 million.
DPU is 2.08 cents ($15.6 million)
Cash as at 30 Sep 2015 is $37,734,000.
Debt as at 30 Sep 2015 is $398,083,000.

4Q 2015 results announced on 19 Jan 2016 (link)
Presentation notes (link)
Units issued is 761,567,027
NAV is 103.88 cents
Net property income is $25.374 million.
DPU is 2.09 cents ($15.711 million).
Cash as at 31 Dec 2015 is $26,827,000
Debt as at 31 Dec 2015 is $398,291,000.

1Q2016 results announced on 18 Apr 2016 (link).
Units issued is 763,680,609
NAV is 103.32 cents
Net property income is $26,207,000
DPU is 2.11 cents ($16,197,000)
Cash as at 31 Mar 2016 is $28,765,000
Debt as at 31 Mar 2016 is $407,683,000

2Q results announced on 14 Jul 2016 (link)
Units issued is 768,793,873.
NAV is 103.12 cents.
Net Property income is $26,321,000.
DPU is 2.11 cents ($16,240,000)
Cash as at 30 Jun 2016 is $31,949,000.
Debt as at 30 Jun 2016 is $408,019,000.

3Q results announced on 19 Oct 2016. (link)
Units issued is 770,123,476.
NAV is 102.93 cents
Net Property Income is $26,621,000
DPU is 2.12 cents ($16,341,000)
Cash as at 30 Sep 2016 is $37,861,000
Debt as at 30 Sep 2016 is $396,045,000.

4Q results announced on 17 Jan 2017. (link)(link)
Units issued is 771,579,482.
NAV is 100.79 cents
Net Property Income is $26,686,000.
DPU is 2.13 cents ($16,514,000)
Cash as at 31 Dec 2016 is $33,576,000
Debt as at 31 Dec is $502,694,000.

1Q 2017 results announced on 17 April 2017 (link) and (link)
Units issued is 775,174,287.
NAV is 100.64 cents
Net Property Income is $26,867,000
DPU is 2.14 cents ($16,593,000)
Cash as at 31 Mar 2017 is $27,363,000
Debt as at 31 Mar 2017 is $501,066,000.

2Q2017 results announced on 17 Jul 2017 (link) and (link)
Units issued is 776,821,859.
NAV is 100.41 cents.
Net property Income is $27,154,000.
DPU is 2.14 cents ($16.6 million)
Cash as at 30 Jun 2017 $27,649,000
Debt as at 30 Jun 2017 $501,351,000.

3Q2017 results announced on 23 Oct 2017 (link) and (link)
Units issued is 779,747,143.
NAV is 100.61 cents.
Net property income is S$27,465,000
DPU is 2.14 cents (S$16,700,000)
Cash as at 30 Sep 2017 is $47,722,000
Debt as at 30 Sep 2017 is $447,714,000.

Company website: (link)

5 year chart from yahoo finance

Chart forFirst Reit (AW9U.SI)





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