First REIT Issues 2.38 Million Units for Management Fee Payment

SGX Filings

02/12

On Feb, 12 2026, First Real Estate Investment Trust announced that its manager, First REIT Management Limited, received 2.38 million new units as part of its performance fee for the period from Oct, 1 2024 to Dec, 31 2024.

The units were issued at 0.2533 Singapore dollars each, reflecting the volume-weighted average price over the 10 trading days immediately before the fee period ended. The unit issuance represents 50 % of the performance fee, while the remaining 0.602 million Singapore dollars was settled in cash.

After the transaction, the manager holds about 234.03 million units, equal to 11.07 % of First REIT’s total outstanding 2.11 billion units.

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