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The latest update is out from First Real Estate Investment ( (SG:AW9U) ).
Perpetual (Asia) Limited, in its capacity as trustee of First Real Estate Investment Trust, has fully redeemed the S$33.25 million fixed rate subordinated perpetual securities under Series 002 as of 8 January 2026, and the redeemed securities will be cancelled. The move simplifies First REIT’s capital structure and removes this specific hybrid debt layer from its funding mix, which may have implications for its future financing flexibility, cost of capital, and distributions to unitholders, while leaving investors to access exposure to the trust solely through trading its listed units on SGX-ST.
The most recent analyst rating on (SG:AW9U) stock is a Buy with a S$0.50 price target. To see the full list of analyst forecasts on First Real Estate Investment stock, see the SG:AW9U Stock Forecast page.
More about First Real Estate Investment
First Real Estate Investment Trust (First REIT) is a Singapore-listed real estate investment trust focused on healthcare and healthcare-related assets. Managed by First REIT Management Limited, it provides investors exposure to income-generating properties while its units trade on the Singapore Exchange Securities Trading Limited (SGX-ST).
Average Trading Volume: 1,518,379
Technical Sentiment Signal: Buy
Current Market Cap: S$591.1M
See more insights into AW9U stock on TipRanks’ Stock Analysis page.