Dear all I am sure everybody here is familiar with Parkway Life Reit. It owns 64 properties located in the Asia Pacific region, with a total portfolio size of approximately S$2.25b as at 30 Sep 2024. Most of the us here would have conveniently thought that Parkway Life Reit is the first healthcare reit listed on SGX. However, this is not the case. It may come as a surprise to many of us, including myself that First Reit is actually the first healthcare reit listed on SGX on 11 Dec 2006 whereas Parkway Life Reit was listed on SGX on 23 Aug 2007. What’s interesting on First Reit? Read on for more. Description of First Reit Based on Figure 1 below, First Reit has a portfolio of 32 properties comprising of hospitals; nursing homes and healthcare related assets. As of 31 Dec 2023, 74.5% of its assets under management (AUM) is in Indonesia; 22.7% of AUM is in Japan and 2.8% of AUM is in Singapore. Figure 1: First Reit – 32 properties comprising of hospitals;...