First REIT is a healthcare-focused SREIT with properties in Singapore, Indonesia, and South Korea.
It thus offers exposure to a significant portion of the Asian healthcare market, excluding Japan and China.
Healthcare properties tend to boast very stable tenants as healthcare is one of the few industries that is truly inelastic.
The REIT has steadily grown its portfolio over time, which has also resulted in distribution growth.
The REIT's high yield is higher than most American trusts and is quite similar to that of HCP.
First Real Estate Investment Trust (OTC:FESNF) is an interesting Singapore-based real estate investment trust that I have covered in the past but have sadly neglected over the past few years so it is