Preferential offering

SENSE & CENTS

Investors should not avoid Reits over fears of dilutive equity raisings

Trust managers can drive growth with astute property purchases

The offering opens on Monday and will close on Dec 10. 

Keppel DC Reit launches preferential offering at S$2.03 apiece

It is on the basis of 86 preferential units for every 1,000 existing units

Gross proceeds from the equity fundraising are intended to fund a proposed acquisition of a 50 per cent interest in Ion Orchard mall.

CICT’s preferential offering closes with 82% valid acceptances

A total of 377.3 million new units will be issued to raise gross proceeds of S$757.2 million

The number of valid acceptances account for 63.3 million of the total preferential offering units.

Elite Commercial Reit’s preferential offering closes with 61.3% valid acceptances

ELITE Commercial Reit has received valid acceptances of 61.3 per cent for its preferential offering of around 103.4 million new units.

Great Western House, Birkenhead, UK, one of the properties in Elite Commercial Reit's portfolio. At £0.27 per unit, the issue price represents a discount of 10 per cent to the volume weighted average price of £0.30 on Monday.

Elite Commercial Reit launches fully underwritten preferential offering at £0.27 apiece

Elite Commercial Real Estate Investment Trust (Reit) launched a fully underwritten non-renounceable preferential offering at £0.27 per unit to raise about £28 million (S$47.2 million).

Approximately S$67 million of the S$100 million that was raised as part of AIMS Apac Reit's equity fund-raising exercise went towards repaying existing debts.

Aims Apac Reit preferential offering closes with valid acceptances of 69%; total applications at 200%

AIMS Apac Reit has received valid acceptances and excess applications of 204.1 per cent of the total number of new units available at the close of its preferential offering on Jun 22. Valid acceptance...

Louis d'Estienne d'Orves, CEO of IReit Global's manager, said the preferential offering is expected to raise the real estate investment trust's market value by 14.4 per cent.

IReit Global launches fully underwritten preferential offering

EUROPE-FOCUSED real estate investment trust IReit Global has launched a preferential offering at a ratio of 161 preferential offering units for every 1,000 existing units at a price of S$0.408 per new...

The manager intends to declare an advanced distribution of between S$0.017 and S$0.019 per unit in connection with the private placement.

Aims Apac Reit’s private placement closes at S$1.214 apiece

AIMS Apac Reit (AA Reit) has closed its private placement at S$1.214 per new unit, said its manager on Thursday (Jun 1).

AA Reit's manager intends to declare an advanced distribution of between S$0.017 and S$0.019 per unit in connection with the private placement.

Aims Apac Reit to launch equity funding exercise to raise around S$100 million

THE manager of Aims Apac Real Estate Investment Trust (AA Reit) plans to launch an equity funding exercise to raise gross proceeds of approximately S$100 million, it announced on Wednesday (May 31).