Too many S-Reits making cash calls that don't add value for unitholders

THE pace of fundraising activities among Singapore-listed real estate investment trusts (S-Reits) has been accelerating.

Nearly half of the 60-odd rights issues and preferential offerings launched in the 20-year history of S-Reits have come over the past 5 years.

Investors, then, find themselves having to decide more frequently on whether they should subscribe for these offerings.