First Real Estate Investment (SG:AW9U) has released an update.
First Real Estate Investment Trust has announced the issuance of over 2.5 million units at S$0.2608 each to its manager as part payment for the management fees accrued from April to June 2023. The units represent 9.99% of the total units in issue, with the remaining performance fee component settled in cash. This strategic move underlines the trust’s commitment to aligning management’s interests with its performance.
For further insights into SG:AW9U stock, check out TipRanks’ Stock Analysis page.
