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An announcement from First Real Estate Investment ( (SG:AW9U) ) is now available.
First Real Estate Investment Trust announced the issuance of 1,824,192 units to its manager, First REIT Management Limited, as partial payment for management fees for the last quarter of 2024. This issuance, based on a unit price of S$0.2533, represents part of the manager’s fee and highlights the company’s strategic approach to compensating its management, which may affect its unit holding distribution and market positioning.
More about First Real Estate Investment
First Real Estate Investment Trust is a Singapore-based company involved in real estate investment through a trust structure. It focuses on healthcare and healthcare-related real estate assets across Asia, providing stable distributions and long-term growth for its unitholders.
YTD Price Performance: 6.84%
Average Trading Volume: 651
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $422.2M
For a thorough assessment of AW9U stock, go to TipRanks’ Stock Analysis page.
