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First Real Estate Investment Trust (FESNF) Fair Value & Analysis

Real Estate · US · Market cap $403M

Price$0.1900
Fair Value$0.1800
Upside-5.3%
Quality95/100
Evidence: High Range $0.1300 – $0.2200

Fair value as of: Jun 26, 2026

Analysis

First Real Estate Investment Trust (FESNF) currently trades at $0.1900, while our model-based Fair Value estimate is $0.1800 — implying the stock looks roughly 5.3% overvalued today. We read business quality at 95/100 (high quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

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 Es…

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Frequently asked questions

Is First Real Estate Investment Trust (FESNF) undervalued?
As of Jun 26, 2026, our model estimates a fair value of $0.1800 versus a price of $0.1900 — about −5% (overvalued). Model-based estimate, not financial advice.
What is the fair value of FESNF?
Our 21-model fair value for First Real Estate Investment Trust is $0.1800 (as of Jun 26, 2026), built from audited fundamentals. The current price is $0.1900.
What is the quality score of FESNF?
First Real Estate Investment Trust has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.

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.