First Rock Real Estate Investments Limited is in negotiations to acquire income-generating commercial properties in Costa Rica and Martinique with a combined estimated value of about US$28 million, roughly 40 per cent of the group's total assets, as the company returned to profit for the first time since 2023.

"Negotiations are currently under way for acquisitions in Costa Rica and Martinique with an estimated combined value of approximately US$28 million, which are expected to strengthen recurring revenue streams and enhance long-term shareholder value," the board said.

The company entered a letter of intent with Guardian Holdings Limited on January 30, 2026 for the proposed Martinique acquisition, but did not disclose additional details. First Rock engages in real estate ventures in Costa Rica through KFC Costa Rica.