First Real Estate Investment Trust (SGX:AW9U)

SGX:AW9U Financials Overview

Financials in millions SGD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	96.34	100.53	102.21	108.57	111.28	102.35
Revenue Growth	-4.17%	-1.64%	-5.85%	-2.43%	8.72%	28.54%
Net Income Net Income Growth	19.89	27.33	35.09	61.68	31.01	59.91
Earnings Per Share EPS Growth	0.01	0.01	0.02	0.03	0.02	0.04
EPS Growth	-27.23%	-22.29%	-44.35%	90.62%	-60.84%	-

Revenue by Geography

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Singapore Singapore Growth	4.23	4.23	4.24	4.23	4.23	5.14
Japan Japan Growth	12.78	13.35	13.39	14.85	12.69	-
Indonesia Indonesia Growth	79.34	82.95	84.58	89.49	94.36	96.63
Total Total Growth	96.34	100.53	102.21	108.57	111.28	102.35

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	34.75	56.2	34.67	40.68	46.1	51.2
Total Debt Total Debt Growth	466.85	454.85	453.67	450.12	451.07	349.88
Net Cash (Debt) Net Cash Growth	-432.11	-398.65	-419	-409.44	-404.96	-298.68
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-0.20	-0.19	-0.20	-0.20	-0.20	-0.20

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	64.1	64.68	65.77	69.96	93.08	66.58
Free Cash Flow Free Cash Flow Growth	64.1	64.68	65.77	69.96	93.08	66.58
Free Cash Flow Growth	-0.90%	-1.67%	-5.98%	-24.84%	39.80%	32.11%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Margin	82.29%	82.41%	84.98%	86.05%	86.38%	86.52%
Pretax Margin	36.60%	43.08%	49.48%	72.04%	46.69%	74.07%
Profit Margin	20.64%	27.18%	34.33%	56.82%	27.87%	58.54%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 10, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	0.019	0.022	0.024	0.025	0.026	0.026
Dividend Per Share Growth	-11.79%	-8.05%	-4.84%	-6.06%	1.15%	-37.11%
Dividend Yield	8.35%	8.21%	10.46%	11.63%	13.92%	12.89%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Aug 10, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	24.50	21.24	15.22	8.92	17.26	8.21
PS Ratio	5.06	5.78	5.23	5.07	4.81	4.81

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every six months for this company.

Update frequency:

Semi-annually

Last checked:

Aug 10, 2026

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