First REIT Pays Management Fee in Units, Lifting Manager’s Stake to 11.14%

The latest announcement is out from First Real Estate Investment ( (SG:AW9U) ).

First REIT has issued 1,576,114 new units to its manager as partial payment of the base management fee for the quarter from 1 October 2025 to 31 December 2025, at an issue price of S$0.2739 per unit. The remaining S$431,697.75 of the base fee was settled in cash, reflecting a continued practice of aligning the manager’s compensation with unitholder interests through part payment in equity.

The issue price was calculated based on the 10-day volume-weighted average price of First REIT units on the SGX-ST immediately prior to the fee period’s end. Following this transaction, the manager’s stake has risen to 235,608,476 units, or 11.14% of the 2,115,389,194 units outstanding, modestly increasing management’s ownership and reinforcing its economic exposure to the trust’s performance.

The most recent analyst rating on (SG:AW9U) stock is a Hold with a S$0.28 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 is a Singapore-listed real estate investment trust focused on healthcare and related properties. Managed by First REIT Management Limited, it invests in income-generating real estate, with its units traded on the Singapore Exchange Securities Trading Limited, providing investors exposure to healthcare infrastructure in the region.

Average Trading Volume: 1,349,620

Technical Sentiment Signal: Buy

Current Market Cap: S$570.1M

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