First Real Estate Investment Trust issues 1.6 million units to settle management fee
SGX Filings
May 04
First Real Estate Investment Trust announced the issuance of 1,602,508 new units to its manager, First REIT Management Limited, on May, 4 2026 at 0.2528 Singapore dollars per unit.
The new units represent 50% of the base management fee for the period from Jan, 1 2026 to Mar, 31 2026. The remaining fee of about 0.405 million Singapore dollars was paid in cash.
Following the transaction, the manager’s stake stands at 239,453,525 units, equivalent to roughly 11.30% of First Real Estate Investment Trust’s enlarged total of 2,119,234,243 units.
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