First REIT is Singapore's first healthcare real estate investment trust. Listed on the Singapore Exchange Securities Trading Limited on 11 December 2006, First REIT is managed by First REIT Management Limited, which is 60% owned by OUE Limited and 40% owned by OUE Healthcare Limited. Over the years, First REIT has successfully built a high quality and diversified asset portfolio of 32 properties comprising 15 located in Indonesia, three in Singapore and 14 in Japan as at 31 December 2022, and covers the full scale of healthcare real estate, including hospitals, nursing homes and other healthcare-related facilities. First REIT intends to focus growth in developed markets with a target of >50% of AUM in developed markets by 2027.