FESNF (First Real Estate Investment Trust) Enterprise Value: $674.73 Mil (As of Jun. 26, 2026) ***

What is First Real Estate Investment Trust Enterprise Value?

First Real Estate Investment Trust FESNF 43 Enterprise Value is $674.73 Mil as of Jun. 26, 2026. GuruFocus rates FESNF with a GF Score™ of 43/100 and a GF Value™ of $0.19 (Fairly Valued). The stock has 6 warning signs investors should review.

Think of Enterprise Value as the theoretical takeover price. It is more comprehensive than market capitalization (Market Cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

EV-to-EBIT is calculated as Enterprise Value divided by its EBIT. As of today, First Real Estate Investment Trust's Enterprise Value is $674.73 Mil. First Real Estate Investment Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $46.30 Mil. Therefore, First Real Estate Investment Trust's EV-to-EBIT ratio for today is 14.57.

EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA. As of today, First Real Estate Investment Trust's Enterprise Value is $674.73 Mil. First Real Estate Investment Trust's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $46.31 Mil. Therefore, First Real Estate Investment Trust's EV-to-EBITDA ratio for today is 14.57.

EV-to-Revenue is calculated as Enterprise Value divided by its Revenue. As of today, First Real Estate Investment Trust's Enterprise Value is $674.73 Mil. First Real Estate Investment Trust's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was $78.14 Mil. Therefore, First Real Estate Investment Trust's EV-to-Revenue ratio for today is 8.64.

EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations. As of today, First Real Estate Investment Trust's Enterprise Value is $674.73 Mil. First Real Estate Investment Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $50.26 Mil. Therefore, First Real Estate Investment Trust's EV-to-OCF ratio for today is 13.42.

EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow. As of today, First Real Estate Investment Trust's Enterprise Value is $674.73 Mil. First Real Estate Investment Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $47.35 Mil. Therefore, First Real Estate Investment Trust's EV-to-FCF ratio for today is 14.25.

*** Please note that the current Enterprise Value is calculated using the current market capitalization and the most recently available financial data. If key financial fields—Long-Term Debt & Capital Lease Obligation and Short-Term Debt & Capital Lease Obligation—are recorded as null in the latest reporting period, our data vendor will default to using data from the prior period with valid entries.

First Real Estate Investment Trust (OTCPK:FESNF) Enterprise Value Explanation

When an investor buy a company, the investor needs to pay not only the common shares, he/she also needs to pay the shareholders of Preferred Stocks. He also assumes the debt of the company, and receives the cash on the company's balance sheet.

If a company has more cash than debt, the investor actually pays less than the Market Cap because he immediately owns the cash once the transaction goes through.

The market value of Preferred Stock needs to be added to the market value of common stocks in the calculation of Enterprise Value.

For the companies with the same Market Cap, the smaller the Enterprise Value is, the cheaper the company is.

Enterprise Value can be negative when the company's net cash is more than its Market Cap. In this case the investor is basically getting the company for free and get paid for that.

1. EV-to-EBIT is calculated as Enterprise Value divided by its EBIT.

First Real Estate Investment Trust's EV-to-EBIT for today is

EV-to-EBIT	=	Enterprise Value (Today)	/	EBIT (TTM)
	=	674.728	/	46.302
	=	14.57

First Real Estate Investment Trust's current Enterprise Value is $674.73 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Real Estate Investment Trust's EBIT for the trailing twelve months (TTM) ended in Dec. 2025 was $46.30 Mil.

2. EV-to-EBITDA is calculated as Enterprise Value divided by its EBITDA.

First Real Estate Investment Trust's EV-to-EBITDA for today is:

EV-to-EBITDA	=	Enterprise Value (Today)	/	EBITDA(TTM)
	=	674.728	/	46.313
	=	14.57

First Real Estate Investment Trust's current Enterprise Value is $674.73 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Real Estate Investment Trust's EBITDA for the trailing twelve months (TTM) ended in Dec. 2025 was $46.31 Mil.

3. EV-to-Revenue is calculated as Enterprise Value divided by its Revenue.

First Real Estate Investment Trust's EV-to-Revenue for today is:

EV-to-Revenue	=	Enterprise Value (Today)	/	Revenue (TTM)
	=	674.728	/	78.138
	=	8.64

First Real Estate Investment Trust's current Enterprise Value is $674.73 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Real Estate Investment Trust's Revenue for the trailing twelve months (TTM) ended in Dec. 2025 was $78.14 Mil.

4. EV-to-OCF is calculated as Enterprise Value divided by its Cash Flow from Operations.

First Real Estate Investment Trust's EV-to-OCF for today is:

EV-to-OCF	=	Enterprise Value (Today)	/	Cash Flow from Operations (TTM)
	=	674.728	/	50.262
	=	13.42

First Real Estate Investment Trust's current Enterprise Value is $674.73 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Real Estate Investment Trust's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2025 was $50.26 Mil.

5. EV-to-FCF is calculated as Enterprise Value divided by its Free Cash Flow.

First Real Estate Investment Trust's EV-to-FCF for today is:

EV-to-FCF	=	Enterprise Value (Today)	/	Free Cash Flow (TTM)
	=	674.728	/	47.354
	=	14.25

First Real Estate Investment Trust's current Enterprise Value is $674.73 Mil.
For company reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data. First Real Estate Investment Trust's Free Cash Flow for the trailing twelve months (TTM) ended in Dec. 2025 was $47.35 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Real Estate Investment Trust Enterprise Value Related Terms

First Real Estate Investment Trust Enterprise Value Historical Data

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The historical data trend for First Real Estate Investment Trust's Enterprise Value can be seen below:

First Real Estate Investment Trust Enterprise Value Chart

First Real Estate Investment Trust Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Enterprise Value

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564.25

668.68

720.47

712.58

752.17

First Real Estate Investment Trust Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24	Jun25	Dec25
Enterprise Value	Get a 7-Day Free Trial															720.47	650.61	712.58	760.25	752.17

FESNF vs WELL, VTR, OHI: Enterprise Value Comparison

For the REIT - Healthcare Facilities subindustry, First Real Estate Investment Trust's Enterprise Value, along with its competitors' market caps and Enterprise Value data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

First Real Estate Investment Trust Enterprise Value vs REITs Industry

For the REITs industry and Real Estate sector, First Real Estate Investment Trust's Enterprise Value distribution charts can be found below:

* The bar in red indicates where First Real Estate Investment Trust's Enterprise Value falls into.

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First Real Estate Investment Trust FESNF

Enterprise Value is just one metric. See GF Score™, valuation, warning signs, and more.

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First Real Estate Investment Trust Enterprise Value Calculation

Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash, cash equivalents, and marketable securities.

First Real Estate Investment Trust's Enterprise Value for the fiscal year that ended in Dec. 2025 is calculated as

	Enterprise Value (A: Dec. 2025 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	443.30349	+	0	+	150.436
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	201.969	+	0	-	43.54
=	752.17

First Real Estate Investment Trust's Enterprise Value for the quarter that ended in Dec. 2025 is calculated as

	Enterprise Value (Q: Dec. 2025 )
=	Market Cap	+	Preferred Stock	+	Long-Term Debt & Capital Lease Obligation
=	443.30349	+	0	+	150.436
+	Short-Term Debt & Capital Lease Obligation	+	Minority Interest	-	Cash, Cash Equivalents, Marketable Securities
+	201.969	+	0	-	43.54
=	752.17

Frequently Asked Questions Learn more about Enterprise Value →

What does a Enterprise Value of $674.73 Mil mean?

First Real Estate Investment Trust (FESNF) has a Enterprise Value of $674.73 Mil as of Jun. 26, 2026. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Real Estate Investment Trust and its competitors.

Is First Real Estate Investment Trust's Enterprise Value too high?

First Real Estate Investment Trust's current Enterprise Value is $674.73 Mil. Overall, First Real Estate Investment Trust has a GF Score™ of 43/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.

How does First Real Estate Investment Trust's Enterprise Value compare to WELL and VTR?

First Real Estate Investment Trust's Enterprise Value of $674.73 Mil can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Enterprise Value for a REITs company?

A good Enterprise Value depends on the REITs industry context. However, Enterprise Value should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Enterprise Value mean?

A high Enterprise Value can signal that a stock is expensive relative to its fundamentals. Enterprise value equals the sum of market cap, debt and preferred shares less cash and equivalents. View historical data on First Real Estate Investment Trust and its competitors. First Real Estate Investment Trust's current Enterprise Value is $674.73 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is First Real Estate Investment Trust stock overvalued right now?

Based on GuruFocus' analysis, First Real Estate Investment Trust (FESNF) is currently considered Fairly Valued. The stock's GF Value™ is $0.19, compared to a current price of $0.19 — trading right at its estimated fair value. The current Enterprise Value is $674.73 Mil. First Real Estate Investment Trust's overall GF Score™ is 43/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Enterprise Value calculated?

Enterprise Value is calculated from a company's financial statements. For First Real Estate Investment Trust (FESNF), the current Enterprise Value is $674.73 Mil as of Jun. 26, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Real Estate Investment Trust (FESNF) Overvalued in 2026?

Based on GuruFocus' analysis, First Real Estate Investment Trust stock appears to be undervalued. The current stock price of $0.19 is trading 0% below its estimated GF Value™ of $0.19. GuruFocus considers First Real Estate Investment Trust to be Fairly Valued.

Key valuation signals for FESNF:

Enterprise Value: $674.73 Mil
GF Value™: $0.19 vs. price of $0.19 (0% below fair value)
GF Score™: 43/100 with 6 warning signs

No single metric tells the full story. See the FESNF stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Real Estate Investment Trust Business Description

Industry Real Estate REITs

Comparable Companies SGX:M1GU SGX:ODBU SGX:MXNU SGX:DHLU SGX:UD1U SGX:OXMU SGX:CMOU SGX:BMGU SGX:DCRU SGX:XZL WELL VTR OHI DOC AHR CTRE HR XBRU:AED SBRA TSX:CSH.UN

Other Exchanges AW9U:Singapore F1T:Germany

Address 333 Orchard Road, No. 33-02, Singapore, SGP, 238867

Website https://www.first-reit.com

First Real Estate Investment Trust is a healthcare real estate investment trust focused on investing in diverse yield-accretive healthcare and healthcare-related real estate assets within and outside of Asia. The Trust has a portfolio of 32 properties across Asia. These include 15 properties in Indonesia comprising 11 hospitals, two integrated hospitals & malls, one integrated hospital & hotel, and one hotel & country club; three nursing homes in Singapore; and 14 nursing homes in Japan.

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$0.19

Price

$0.19

GF Value

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