First REIT renews short-term lease for Siloam Hospitals Lippo Cikarang

Extension sustains rental income as trust reviews Indonesian healthcare portfolio.

First Real Estate Investment Trust (First REIT) renewed the lease for Siloam Hospitals Lippo Cikarang (SHLC) in Indonesia for another six months, covering 31 December 2025 to 30 June 2026, according to a company filing.

The renewal was signed between PT Graha Pilar Sejahtera, an indirect subsidiary of First REIT, and PT East Jakarta Medika, a wholly owned unit of PT Lippo Karawaci Tbk. The hospital will pay a pro-rated rent of $2.26m, based on an annual rate of $4.49m, which Knight Frank Indonesia verified as consistent with market levels.

First REIT said the short-term lease maintains income from SHLC whilst it continues its strategic review of Indonesian healthcare assets. The renewal provides flexibility for upcoming asset revaluations or divestment options under consideration as part of this review.

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