First National Real Estate and Hospitality Fund Plc held its Second Annual General Meeting on 20 May 2026, providing shareholders with an overview of the Fund’s performance during the 2025 financial year, as well as its outlook and projections for the year ahead.
The Fund maintained stable performance during the year, supported by financial management and consistent cashflows generated from its underlying asset.
Throughout 2025, the Fund distributed a total of MVR 1.75 million to bondholders through quarterly interest payments. Equity holders received quarterly dividends totalling MVR 1.3 million over the same period, reflecting the Fund’s focus on stable income generation and long-term value creation.
Structured as a hybrid real estate investment vehicle, the Fund’s first project combines both equity and debt instruments, with a capital structure comprising 55 percent equity and 45 percent debt.
The debt component consists of amortising bonds with a six-year tenor and fixed quarterly interest payments, while the equity component is structured for long-term income generation through quarterly distributions.
Managed by First National Finance Corporation, the First National Real Estate and Hospitality Fund is licensed by the Capital Market Development Authority and operates in compliance with regulatory standards. The Fund aims to provide investors with reliable income through strategic investments in real estate and hospitality assets in the Maldives.
