First National Real Estate Fund Distributes MVR 845,223 in Q1 2026 Returns

First National Real Estate and Hospitality Fund Plc has distributed its quarterly returns for Q1 2026, continuing its track record of delivering stable income to investors.

Bondholders received a total payout of MVR 478,284, while equity holders received MVR 37.06 per Class B Ordinary Share, equivalent to a total of MVR 366,939.

The fund said it delivered annualised returns of 14 per cent for equity holders and 12 per cent for bondholders.

First National Real Estate and Hospitality Fund is a Capital Market Development Authority-approved fund investing in real estate and hospitality assets. Launched in December 2024, the fund aims to invest in high-quality assets to generate attractive and sustainable returns for investors.

The fund is also seeking investment opportunities within the property market, with a focus on Malé, Hulhumalé, and industrial zones. Its board said it remains committed to identifying assets that align with its investment objectives and to delivering long-term value to shareholders.

Looking ahead, the fund said it remains focused on expanding its portfolio and delivering long-term value, with continued emphasis on stable income generation and sustainable growth.