Singapore-listed Healthcare REIT First Real Estate Investment Trust (First REIT) (SGX:AW9U) has completed the acquisition of two more Indonesian hospitals - bringing its total portfolio now to a total of 14 properties across Indonesia, Singapore and South Korea.

Its latest additions are the Siloam Hospitals Bali and Siloam Hospitals TB Simatupang. The former is a four-storey 295-bedder center of excellence for trauma located in a fast growing area of Bali while the latter is a 16-storey 271-bedder located in the south of Jakarta.

First REIT has also announced an Advance Distribution of 0.99 Singapore cents per unit .

The acquisitions cost First REIT S$93.1 million of which S$43.1 million is being financed from a draw down from a bank loan and the remaining net proceeds from the issue of the S$100,000,000 4.125 percent fixed rate notes that are due in 2018. The remaining S$50.0 million was financed by way of the issuance of 35,450,935 units in First REIT at an issue price of S$1.4104.

First REIT has also announced an advance distribution for the period from 1 April 2013 to 21 May 2013 of 0.99 cents per unit. Unit holders whose securities accounts are credited with First REIT units as at 1700 hours on 21 May 2013 will be entitled to this advance distribution that will be paid on or around 26 June 2013.

Units of First REIT ended Thursday down 3.2 percent from its previous close to settle at S$1.36.