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.
First Real Estate Investment Trust Dividend Announcement
• First Real Estate Investment Trust announced a quarterly dividend of $0.00 per ordinary share which will be made payable on 2024-12-20. Ex dividend date: 2024-11-12
• First Real Estate Investment Trust annual dividend for 2024 was $0.02
• First Real Estate Investment Trust annual dividend for 2023 was $0.03
• First Real Estate Investment Trust's trailing twelve-month (TTM) dividend yield is 11.26%
• First Real Estate Investment Trust's payout ratio for the trailing twelve months (TTM) is 76.27%
• First Real Estate Investment Trust's dividend growth over the last five years (2018-2023) was -12.95% year
First Real Estate Investment Trust Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-12 | $0.00 | quarterly | 2024-12-20 |
| 2024-08-06 | $0.01 | quarterly | 2024-09-25 |
| 2024-05-07 | $0.01 | quarterly | 2024-06-21 |
| 2024-02-27 | $0.01 | quarterly | 2024-03-28 |
| 2023-11-08 | $0.01 | quarterly | 2023-12-22 |
| 2023-08-08 | $0.01 | quarterly | 2023-09-25 |
| 2023-05-09 | $0.01 | quarterly | 2023-06-26 |
| 2023-02-21 | $0.01 | quarterly | 2023-03-30 |
| 2022-11-15 | $0.01 | quarterly | 2022-12-23 |
| 2022-08-12 | $0.01 | quarterly | 2022-09-26 |
| 2022-05-17 | $0.01 | quarterly | 2022-06-24 |
| 2022-02-18 | $0.01 | quarterly | 2022-03-29 |
| 2021-11-03 | $0.01 | quarterly | 2021-12-17 |
| 2021-08-12 | $0.01 | quarterly | 2021-09-24 |
| 2021-05-17 | $0.01 | quarterly | 2021-06-28 |
| 2021-01-26 | $0.01 | quarterly | 2021-03-24 |
| 2020-11-18 | $0.01 | quarterly | 2020-12-23 |
| 2020-08-06 | $0.00 | quarterly | 2020-09-25 |
| 2020-05-13 | $0.01 | quarterly | 2020-06-18 |
| 2020-02-05 | $0.02 | quarterly | 2020-03-13 |
| 2019-11-13 | $0.02 | quarterly | 2019-12-17 |
| 2019-08-14 | $0.02 | quarterly | 2019-09-17 |
| 2019-04-17 | $0.02 | quarterly | 2019-05-30 |
| 2019-01-23 | $0.02 | quarterly | 2019-02-28 |
| 2018-10-31 | $0.01 | quarterly | 2018-11-29 |
| 2018-07-24 | $0.01 | quarterly | 2018-08-24 |
| 2018-04-24 | $0.01 | quarterly | 2018-05-25 |
| 2018-01-23 | $0.01 | quarterly | 2018-02-28 |
| 2017-10-27 | $0.01 | quarterly | 2017-11-29 |
| 2017-07-21 | $0.02 | quarterly | 2017-08-28 |
| 2017-04-21 | $0.02 | quarterly | 2017-05-26 |
| 2017-01-24 | $0.02 | quarterly | 2017-02-28 |
| 2016-10-25 | $0.02 | quarterly | |
| 2016-07-21 | $0.02 | quarterly | |
| 2016-04-22 | $0.02 | quarterly | |
| 2016-01-25 | $0.02 | quarterly | |
| 2015-10-20 | $0.02 | quarterly | |
| 2015-07-24 | $0.02 | quarterly | |
| 2015-04-20 | $0.01 | quarterly | |
| 2015-01-22 | $0.02 | quarterly | |
| 2014-10-24 | $0.02 | quarterly | |
| 2014-07-21 | $0.00 | quarterly | |
| 2014-04-21 | $0.01 | quarterly | |
| 2014-01-23 | $0.01 | quarterly | |
| 2012-02-01 | $0.02 | quarterly |
First Real Estate Investment Trust Dividend per year
First Real Estate Investment Trust Dividend growth
First Real Estate Investment Trust Dividend Yield
First Real Estate Investment Trust current trailing twelve-month (TTM) dividend yield is 11.26%. Interested in purchasing First Real Estate Investment Trust stock? Use our calculator to estimate your expected dividend yield:
First Real Estate Investment Trust Financial Ratios
First Real Estate Investment Trust Dividend FAQ
Other factors to consider when evaluating First Real Estate Investment Trust as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: First Real Estate Investment Trust's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, First Real Estate Investment Trust publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, First Real Estate Investment Trust distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from First Real Estate Investment Trust are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: First Real Estate Investment Trust sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, First Real Estate Investment Trust distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: First Real Estate Investment Trust declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of First Real Estate Investment Trust's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review First Real Estate Investment Trust's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.