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Category Archives for REIT

More Regulatory Guidance for REITs

It was reported that MAS was considering more regulatory guidance to REITs in order to enhance corporate governance. I hope MAS and SGX can do more to ensure a better alignment of the interests of unit holders with the manager of the REITs and also protect the interests of minority shareholders. If you had read […]

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Lippo Malls Indonesia Retail Trust Arbitrage Strategy

The last time round, it happened with Chartered. This time round, it is with Lippo Malls Indonesia Retail trust. In doing a 1-for-1 rights issue to raise almost $300 million, there is such a huge overhang of shares that the price of both Lippo Mall and their Rights have traded down over the past few […]

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Perennial China Retail Trust IPO

Perennial China Retail Trust (PCRT), which deals in retail space in China, will be raising S$776.2 million in an IPO with units priced at S$0.70 each. Out of the 563,570,000 units on offer, 52,128,000 will be for the public. The trust has an initial S$1.1 billion property portfolio comprises five properties in Shenyang, Foshan and […]

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Investing in Reits or Business Trust

Real Estate Investment Trusts (Reits) and business trusts are two separate investment vehicles that aim to provide investors with a steady stream of income. The former, as the name implies, hold mainly property. The assets are held in trust by a trustee and a manager is appointed to manage the Reit. The rental income is […]

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Sabana Reit IPO

Sabana Shari’ah Compliant Industrial Real Estate Investment Trust (Reit) launched its initial public offering yesterday. Sabana Reit will be Singapore’s first Reit that conforms to Islamic finance principles. The 15 industrial properties that it holds will be managed in line with Islamic principles. Out of the 508 million units available in its initial public offering […]

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