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    Rental & Leasing Services
First Ship Lease Trust

First Ship Lease Trust

FSLUF
First Ship Lease TrustUS flagOther OTC
- -
USD
- -
- -
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.14
0.14
0.16
0.15
0.13
0.11
0.06
0.03
0.01
0.01
- -
- -
- -
0.01
Basic EPS, GAAP
-0.1
0.01
0.02
-0.05
-0.12
-0.03
0.01
- -
- -
0.01
- -
- -
- -
0.01
Free Cash Flow per Basic Share
0.09
0.1
0.09
0.1
0.07
0.06
0.02
0.01
-0.04
0.01
- -
- -
- -
0.01
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
0.05
0.03
0.02
- -
0.02
- -
0.02
Book Value per Share
0.41
0.42
-0.37
0.4
0.28
0.25
0.17
0.08
0.04
0.03
0.03
0.02
0.03
0.03
Tangible Book Value per Share
0.41
0.41
0.43
0.39
0.27
0.24
0.16
0.07
0.04
0.03
0.03
0.02
0.02
0.03
Basic Weighted Avg Shares
655
655
646
637
637
637
1,256
1,768
1,768
1,768
1,768
1,768
1,768
1,768
Sales/Revenue/Turnover
90
93
107
98
81
67
73
48
25
24
9
8
6
24
Operating Margin (%)
8.98
20.02
22.82
26.98
18.56
13.83
29.9
29.69
3.91
24.88
40.61
41.6
31.93
24.88
Depreciation Expense
54
49
52
43
37
32
25
15
6
4
3
3
2
4
Net Income, GAAP
-65
4
14
-31
-74
-19
10
6
-2
13
4
8
7
13
Effective Tax Rate (%)
- -
0.39
0.27
- -
- -
- -
0.38
0.02
- -
0.05
4.15
0.19
0.52
0.05
Profit Margin (%)
-72.46
4.34
13.27
-31.58
-90.66
-28.32
13.86
12.92
-6.09
54.78
43.13
97.69
113.32
54.78
Working Capital
-364
-12
-17
-179
-115
10
57
7
13
27
29
13
21
27
LT Debt
- -
275
229
- -
- -
80
35
13
14
10
7
3
- -
10
Total Equity
266
267
278
247
174
155
203
130
66
51
55
37
43
51
Return on Invested Capital (%)
- -
3.04
4.28
- -
- -
- -
8.19
6.64
- -
8.16
5.11
6.57
4.51
8.16
Return on Capital (%)
- -
3.17
8.24
- -
- -
- -
5.93
3.77
- -
17.58
6.62
14.99
14.34
17.67
Return on Common Equity (%)
-21.61
1.49
- -
- -
-33.99
-11.11
5.46
3.61
-1.46
20.3
6.15
15.76
14.68
20.3

Capital Structure

FRC

•

in mil. unless spec.
Jun'22
Sep'22
Dec'22
ST Debt
3
3
3
LT Borrowings
12
11
10
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,768
1,768
1,768
Market Capitalization
- -
- -
- -

Working Capital

FRC

•

in mil. unless spec.
Jun'22
Sep'22
Dec'22
Total Current Assets
37
26
32
Cash, Cash Equivalents & STI
25
11
30
Accounts Receivable, Net
3
3
- -
Inventories
- -
- -
- -
Total Current Liabilities
4
4
4
Payables & Accruals
- -
- -
- -
ST Debt
3
3
3
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-13.6%
-15.8%
18.76%
Free Cash Flow
-86.38%
-150.5%
-39.77%
Net Income, GAAP
-150.73%
-212.12%
-16.98%
Sales/Revenue/Turnover
-21.27%
-29.06%
-28.42%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
9
2024
- -
- -
- -
- -
8
2025
- -
- -
- -
- -
6

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
0.02
2025
- -
- -
- -
- -
- -

Company Description

APIChat
Sector
Industrials
Industry
Rental & Leasing Services
Address
Singapore
IPO Date
Apr 17, 2014
Website
firstshipleasetrust.com
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Business
First Ship Lease Trust (FSLUF) operates as a ship leasing company that owns and charters out containerships to liner companies under long-term, fixed-rate time charters. The trust's fleet primarily consists of container vessels ranging from 1,300 to 8,000 twenty-foot equivalent units (TEUs), including brands such as feeder, panamax, and post-panamax ships; it provides leasing services focused on bareboat and time charters to major global shipping operators. Headquartered in Singapore and founded in 2007, First Ship Lease Trust conducts operations internationally, with vessels deployed across Asia-Pacific, Europe, and trans-Pacific trade routes serving liner companies as primary customers in the maritime transportation industry. In recent developments, the trust underwent a significant restructuring in 2013 when its units were acquired by Ocean Apollo Investment, leading to delisting from the Singapore Exchange and a shift to over-the-counter trading under the FSLUF ticker. No major partnerships, funding rounds, acquisitions, or new product launches have been reported in the last 1-2 years, reflecting a stable operational focus amid ongoing vessel management and charter renewals. The company maintains no notable subsidiaries or parent relationships beyond its acquisition history, concentrating on asset optimization in the containership leasing segment.