First Real Estate Investment Trust announced on Aug, 06 2026 that it has issued 2,223,594 new units to its manager, First REIT Management Limited, as partial payment of the performance fee for the period from Apr, 01 2025 to Jun, 30 2025.
The units were issued at S$0.2739 each, representing a consideration of about 0.61 million Singapore dollars, equivalent to 50% of the performance fee for the quarter. The remaining 0.61 million Singapore dollars was settled in cash.
Following the issuance, the manager’s holding has risen to 241,677,119 units, or 11.39% of First REIT’s total outstanding units of 2,121,457,837.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.