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First REIT Issues Units for Management Fee Payment

Story Highlights
  • First REIT issued 2,493,807 units to its manager as part payment for management fees.
  • The issuance represents 10.54% of total units, affecting liquidity and market positioning.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
First REIT Issues Units for Management Fee Payment

Confident Investing Starts Here:

An announcement from First Real Estate Investment ( (SG:AW9U) ) is now available.

First Real Estate Investment Trust announced the issuance of 2,493,807 units to its manager as partial payment for the management fee for the first quarter of 2024. This issuance represents 10.54% of the total units in circulation, reflecting the company’s ongoing strategy to balance cash payments with unit issuance, potentially impacting its liquidity and market positioning.

More about First Real Estate Investment

First Real Estate Investment Trust is a Singapore-based trust focused on investing in healthcare and healthcare-related real estate assets across Asia. The company primarily deals with the acquisition, ownership, and management of income-producing real estate assets, aiming to provide stable returns to its investors.

Average Trading Volume: 1,331,947

Technical Sentiment Signal: Buy

Current Market Cap: S$556.2M

See more data about AW9U stock on TipRanks’ Stock Analysis page.

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