Reit listing candidates rethink flotation amid recent weak debuts

Singapore

WEAKNESS among recent Reit debuts appears to have made potential issuers hold back plans, casting a pall over the Singapore initial public offering (IPO) market, which has been supported by Reit listings in the past one to two years.

Last week, KBS Prime US Reit again delayed plans to file its prospectus for a Singapore Exchange (SGX) IPO after witnessing the weak post-listing performance of Eagle Hospitality Trust and ARA US Hospitality Trust, people with knowledge of the matter said.