First Real Estate Investment Trust (AW9U) Fair Value & Analysis
Real Estate · SG · Market cap 487M SGD
Fair value as of: Jul 4, 2026
From 24 valuation models · updated today
Share price −2.1% over the past month.
Price vs Fair Value (12 months)
12‑month range 0.2200 SGD – 0.2734 SGD · fair‑value band 0.1900 SGD – 0.2900 SGD · the 0.2300 SGD price screens below the 0.2300 SGD fair value. As of Jul 4, 2026.
✦ Which stocks are undervalued right now? Check free Discover now →Analysis
First Real Estate Investment Trust (AW9U) currently trades at 0.2300 SGD, while our model-based Fair Value estimate is 0.2300 SGD — implying the stock looks roughly 0.0% undervalued today. We read business quality at 59/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high) — always confirm before acting.
Over the trailing twelve months, First Real Estate Investment Trust generated revenue of 101M SGD at a net margin of 28.8%. Revenue declined 0.3% year over year. It earns a return on equity of 4.9%. Net debt stands at 399M SGD. Fundamentals as of Jul 4, 2026
Key figures & financial health
More key figures
Figures from reported company fundamentals (EODHD) · as of Jul 4, 2026. TTM = trailing twelve months.
About the company
First Real Estate Investment Trust is a healthcare real estate investment trust focused on investing in income producing real estate properties which are primarily used for healthcare and healthcare related purposes. First REIT is managed by First REIT Management Limited (the Manager), which is headquartered in Singapore. The Manager is 40% directly held by OUE Healthcare Limited and 60% directly held by OUE Limited, who together are its Sponsors. As at 31 December 2025, the Trust has a portfolio of 31 properties across Asia, with a total asset value of 1.02 billion dollars. These include 14 properties in Indonesia comprising 11 hospitals, 2 integrated hospitals & malls and an integrated hospital & hotel; 3 nursing homes in Singapore; and 14 nursing homes in Japan. The Trust's healthcare properties in Indonesia are operated by PT Siloam International Hospitals Tbk while healthcare properties in Singapore and Japan are operated by well-established third-party operators. First Real …
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
First Real Estate Investment Trust reported revenue of 101M SGD in FY2025 versus 102M SGD in FY2021, a compound −0.4%/yr. Reported net income was 29.0M SGD in FY2025, compounding −17.7%/yr from FY2021.
Is AW9U fairly valued? → Check now
Similar stocks
6 more REIT - Healthcare Facilities stocks, each showing price versus our Fair Value estimate (as of Jul 4, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Welltower Inc WELL | $206.93 | $47.54 | -77% |
| Ventas, Inc VTR | $86.57 | $18.07 | -79% |
| Omega Healthcare Investors, Inc OHI | $46.41 | $41.16 | -11% |
| Healthpeak Properties, Inc DOC | $19.98 | $7.02 | -65% |
| American Healthcare REIT, Inc AHR | $46.52 | $11.04 | -76% |
| CareTrust REIT, Inc CTRE | $37.06 | $39.60 | +7% |
Explore undervalued stocks
More undervalued Real Estate stocks →
Frequently asked questions
Is First Real Estate Investment Trust (AW9U) undervalued?
What is the fair value of AW9U?
What is the quality score of AW9U?
What is the revenue of First Real Estate Investment Trust (AW9U)?
What is the net profit margin of AW9U?
Does First Real Estate Investment Trust pay a dividend?
How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.
Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.