Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
First Real Estate Investment ( (SG:AW9U) ) has issued an update.
First Real Estate Investment Trust has issued 2,375,010 units to its manager, First REIT Management Limited, as part of the management fee payment for the period from July to September 2024. This issuance represents 50% of the performance fee component, with the remaining balance paid in cash. The units were issued at a price of S$0.2533 per unit, based on the volume weighted average price on the Singapore Exchange. Following this issuance, the manager holds 10.89% of the total units, potentially impacting the company’s market positioning and stakeholder interests.
The most recent analyst rating on (SG:AW9U) stock is a Buy with a S$0.50 price target. To see the full list of analyst forecasts on First Real Estate Investment stock, see the SG:AW9U Stock Forecast page.
More about First Real Estate Investment
First Real Estate Investment Trust is a Singapore-based company operating in the real estate investment industry. It focuses on healthcare and healthcare-related real estate assets across Asia, providing investors with opportunities to invest in a diversified portfolio of income-producing properties.
Average Trading Volume: 2,081,064
Technical Sentiment Signal: Buy
Current Market Cap: S$590M
For a thorough assessment of AW9U stock, go to TipRanks’ Stock Analysis page.