First Real Estate Investment Trust Management
Management criteria checks 3/4
First Real Estate Investment Trust's CEO is Victor Tan, appointed in May 2017, has a tenure of 8.75 years. total yearly compensation is SGD525.00K, comprised of 74% salary and 26% bonuses, including company stock and options. directly owns 0.012% of the company’s shares, worth SGD68.18K. The average tenure of the management team and the board of directors is 8 years and 7.3 years respectively.
Key information
Victor Tan
Chief executive officer
S$525.0k
Total compensation
| CEO salary percentage | 74.00% |
| CEO tenure | 8.8yrs |
| CEO ownership | 0.01% |
| Management average tenure | 8yrs |
| Board average tenure | 7.3yrs |
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2025 | n/a | n/a | S$27m |
| Sep 30 2025 | n/a | n/a | S$33m |
| Jun 30 2025 | n/a | n/a | S$39m |
| Mar 31 2025 | n/a | n/a | S$37m |
| Dec 31 2024 | S$525k | S$389k | S$35m |
Compensation vs Market: Victor's total compensation ($USD414.64K) is below average for companies of similar size in the SG market ($USD984.17K).
Compensation vs Earnings: Insufficient data to compare Victor's compensation with company performance.
CEO
Victor Tan (58 yo)
Mr. Kok Mian Tan, also known as Victor, has been the Executive Director of First REIT Management Limited, manager of First Real Estate Investment Trust since May 19, 2017 until 2024 and is its Chief Execut...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director of First REIT Management Limited | 8.8yrs | S$525.00k | 0.012% SGD 68.2k | |
| Chief Financial Officer of First REIT Management Limited | 8yrs | no data | no data | |
| Senior Vice President of Asset & Investment Management of First REIT Management Limited | no data | no data | no data | |
| Company Secretary of First REIT Management Limited | 5.1yrs | no data | no data |
Experienced Management: AW9U's management team is seasoned and experienced (8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director of First REIT Management Limited | 8.8yrs | S$525.00k | 0.012% SGD 68.2k | |
| Non-Independent Non-Executive Chairman of First REIT Management Limited | 7.3yrs | S$100.00k | no data | |
| Lead Independent Director of First REIT Management Limited | 7.3yrs | S$126.25k | no data | |
| Independent Non-Executive Director of First REIT Management Limited | 8.8yrs | S$81.25k | no data | |
| Independent Non-Executive Director of First REIT Management Limited | 8.1yrs | S$68.75k | 0.14% SGD 810.0k | |
| Independent Non-Executive Director of First REIT Management Limited | 7.3yrs | S$106.25k | no data | |
| Non-Independent Non-Executive Director of First REIT Management Limited | 6.8yrs | S$62.50k | no data |
Experienced Board: AW9U's board of directors are considered experienced (7.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/02/10 00:17 |
| End of Day Share Price | 2026/02/10 00:00 |
| Earnings | 2025/12/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
First Real Estate Investment Trust is covered by 6 analysts. 1 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| null null | BofA Global Research |
| Mun Yee Lock | CGS International |
| Wendy Koh | Citigroup Inc |