OTC · REIT - Healthcare Facilities

First Real Estate Investment Trust (FESNF) Stock

$0.19 +0.00% OTC: FESNF Real Estate

First Real Estate Investment Trust, or First REIT, was formally established on October 19, 2006, through a Trust Deed. Its inception involved First REIT Management Limited (then known as Bowsprit Capital Corporation Limited) serving as the Manager, and HSBC Institutional Trust Services (Singapore) Limited as the initial Trustee.

Valuation

MetricValue
Price$0.19
Market Cap$402.65M
P/E Ratio17.69
P/B Ratio1.05
P/S Ratio4.85
EPS (TTM)$0.01
52-Week High$0.23
52-Week Low$0.18
Dividend Yield5.26%

Financials & Margins

MetricValue
ROE5.01%
ROA2.66%
ROCE10.81%
Gross Margin87.37%
Operating Margin87.03%
Net Margin28.83%
Debt/Equity0.81
Current Ratio0.24

Annual Financials (USD)

Metric20212022202320242025
Revenue$102.0M$111.0M$109.0M$102.0M$101.0M
Operating Profit$91.0M$98.0M$95.0M$87.0M$75.0M
Net Profit$63.0M$34.0M$63.0M$37.0M$29.0M
EPS$0.04$0.02$0.03$0.02$0.01
Op Margin88.7%87.9%87.4%85.0%74.8%

Balance Sheet (USD)

Metric20212022202320242025
Total Assets$1.1B$1.2B$1.2B$1.2B$1.1B
Total Liabilities$398.0M$533.0M$527.0M$528.0M$561.0M
Cash$51.0M$46.0M$40.0M$35.0M$56.0M
Borrowings$349.0M$451.0M$450.0M$453.0M$488.0M

Cash Flow (USD)

Metric20212022202320242025
Operating Cash Flow$66.0M$93.0M$70.0M$66.0M$47.0M
Investing Cash Flow$5.0M$4.0M$-10.0M$-11.0M$15.0M
Financing Cash Flow$-19.0M$-39.0M$-23.0M$-21.0M$1.0M
Net Cash Flow$32.0M$-5.0M$-6.0M$-6.0M$32.0M
Free Cash Flow$66.0M$89.0M$65.0M$60.0M$44.0M

Valuation & Return Ratios

MetricValue
PEG Ratio-0.82
EV / EBITDA10.69
FCF Yield13.27%
Quick Ratio0.24
Interest Coverage8.16
Return 1Y-1.91%
Return 3Y65.86%
Return 5Y

Ownership

Insiders Held35.25%
Institutions Held15.91%
Institutions Float Held24.57%
Institutional HolderSharesReport Date
VANGUARD STAR FUNDS-Vanguard Total International Stock Index Fund18,490,6332026-04-30
DFA INVESTMENT DIMENSIONS GROUP INC-DFA Intl Real Estate Securities PO16,008,9032026-04-30
VANGUARD TAX-MANAGED FUNDS-Vanguard Developed Markets Index Fund11,939,3162026-03-31
VANGUARD Intl Eqy. INDEX Fd.S-Vanguard FTSE All-World ex-US Small-Cap 4,852,0722026-04-30
iShares Trust-iShares Global REIT ETF3,704,9002026-06-30

Peer Comparison

TickerPriceChangeP/EMarket CapDiv Yield
ARESFArtis Real Estate Investment Trust $6.48 -5.95% -5.27 $621.86M 9.72%
BSRTFBSR Real Estate Investment Trust $11.42 -0.09% 483.05 $388.47M 4.90%
CDCTFGOLDCREST Co., Ltd. $20.55 +0.00% 18.99 $682.98M 4.77%
EFRTFNexus Industrial REIT $5.90 -1.83% 13.73 $423.69M 7.63%
INREInland Real Estate Income Trust, Inc. $10.66 -0.09% -35.98 $385.01M 5.07%

About First Real Estate Investment Trust

First Real Estate Investment Trust, or First REIT, was formally established on October 19, 2006, through a Trust Deed. Its inception involved First REIT Management Limited (then known as Bowsprit Capital Corporation Limited) serving as the Manager, and HSBC Institutional Trust Services (Singapore) Limited as the initial Trustee. The trust commenced trading on the Singapore Exchange Securities Trading Limited on December 11, 2006. On March 1, 2018, the trusteeship transitioned from HSBC Institutional Trust Services (Singapore) Limited to Perpetual (Asia) Limited. As Singapore's pioneering healthcare real estate investment trust, First REIT's primary objective is to acquire and maintain a diverse portfolio of revenue-generating properties and related assets across Asia. These assets are predominantly utilized for healthcare or associated purposes. First REIT Management Limited oversees the trust's operations and asset management. The trust's current holdings comprise 20 properties situated in Indonesia, Singapore, and South Korea. This extensive portfolio includes numerous Siloam Hospitals, the Imperial Aryaduta Hotel & Country Club, the Mochtar Riady Comprehensive Cancer Centre, various nursing homes, and other commercial and residential healthcare-linked facilities. Operational management for these assets varies by region. In Indonesia, PT Siloam International Hospitals Tbk, a division of the prominent PT Lippo Karawaci Tbk, manages the hospital properties. The Aryaduta Hotel and Resort Group handles the Imperial Aryaduta Hotel & Country Club and Hotel Aryaduta Manado, while PT Lippo Malls Indonesia is responsible for Lippo Plaza Kupang and Lippo Plaza Buton. For the Singaporean properties, Pacific Healthcare Nursing Home Pte. Ltd. and Pacific Eldercare and Nursing Pte. Ltd. operate the nursing homes at Bukit Merah and Bukit Panjang, respectively. The Lentor Residence is run by The Lentor Residence Pte. Ltd. In South Korea, Sarang Hospital is managed by an independent medical practitioner. First REIT offers investors a strategic entry point into Asia's expanding healthcare sector, which is experiencing growth propelled by increasing life expectancies in countries such as Indonesia and across Southeast Asia.

First Real Estate Investment Trust is headquartered in SG.

First Real Estate Investment Trust (FESNF) stock trades at $0.19 with a market capitalization of $402.65M. The stock is valued at a price-to-earnings (P/E) ratio of 17.69, price-to-book of 1.05, price-to-sales of 4.85. Over the past 52 weeks the stock has ranged between $0.18 and $0.23, and currently trades 17.4% below its 52-week high. It pays a dividend yielding 5.26%.

On profitability, First Real Estate Investment Trust generates a return on equity (ROE) of 5.01%, return on capital employed of 10.81%, an operating margin of 87.03%, a net profit margin of 28.83%.

Official website: www.first-reit.com

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