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.