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First Real Estate Investment ( (SG:AW9U) ) just unveiled an announcement.
First Real Estate Investment Trust has issued 1,602,508 new units to its manager as partial payment of the base management fee for the quarter from 1 January 2026 to 31 March 2026. The units were issued at S$0.2528 each, a price derived from the 10-day volume-weighted average on SGX, with the remaining S$405,114.03 of the base fee settled in cash.
Following this transaction, the manager’s stake in First REIT has risen to 239,453,525 units, representing 11.30% of the total 2,119,234,243 units outstanding. The move marginally increases alignment between the manager and unitholders through higher equity-based compensation while causing a small dilution in existing investors’ holdings.
More about First Real Estate Investment
First Real Estate Investment Trust is a Singapore-listed real estate investment trust focused on healthcare-related properties. Managed by First REIT Management Limited, it invests primarily in income-producing real estate assets, with its units traded on Singapore Exchange Securities Trading Limited.
YTD Price Performance: -10.78%
Average Trading Volume: 2,208,056
Technical Sentiment Signal: Sell
Current Market Cap: S$507.7M
For detailed information about AW9U stock, go to TipRanks’ Stock Analysis page.