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First Real Estate Investment ( (SG:AW9U) ) just unveiled an announcement.
First Real Estate Investment Trust has issued 2,515,854 units to its manager, First REIT Management Limited, as part of the payment for its management fee. This issuance reflects 50% of the performance fee for the last quarter of 2023, with the remaining balance paid in cash. This transaction highlights the firm’s operational strategy of compensating management through equity, which may affect the distribution of units and the company’s holdings, as the manager now holds 10.36% of the total units.
More about First Real Estate Investment
First Real Estate Investment Trust operates in the real estate investment industry, focusing on healthcare-related properties. It is managed by First REIT Management Limited and listed on the Singapore Exchange Securities Trading Limited (SGX-ST).
YTD Price Performance: 6.84%
Average Trading Volume: 651
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $422.2M
For detailed information about AW9U stock, go to TipRanks’ Stock Analysis page.
