Preferential offering
S-Reits pursuing growth as Iran war escalates risk poorly timed equity raising exercises
A greater focus on value unlocking moves versus acquisitions could go a long way in sustaining investor enthusiasm
Lendlease Reit preferential offering undersubscribed with 62.2% take-up
Underwriters DBS, OCBC, UOB to absorb around S$74.3 million worth of stock
Seeing positives for Singapore Reits from investors’ support of Keppel Reit’s DPU-dilutive MBFC Tower 3 acquisition
With demand for office trusts focused in the Republic despite lower yields, more capital should be allocated domestically
Keppel Reit preferential offering closes with 76.9% valid acceptances; total applications at 97%
Gross proceeds of S$886.3 million will go into funding the purchase of another one-third interest of Marina Bay Financial Centre’s Tower 3
Keppel Reit to buy HK Land’s one-third stake in MBFC Tower 3 for S$1.45 billion; launches S$886.3 million rights issue
Unitholders entitled to 23 units for every 100 existing units at S$0.96 each; acquisition to affect DPU
Investors should not avoid Reits over fears of dilutive equity raisings
Trust managers can drive growth with astute property purchases
Frasers Centrepoint Trust launches preferential offering at S$2.05 apiece
It will raise gross proceeds of about S$421.3 million
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
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
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.
