First REIT Issues 2.38 Million Units for Management Fee Payment
SGX Filings
Feb 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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