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Category Archives for REIT

Mapletree (MIT) IPO

Hot on the heels of the GLP IPO, we now have the Mapletree Industrial Trust (MIT) IPO, which was launched yesterday at an issue price of $0.93 per unit. Compared to the GLP, MIT is basically an industrial REIT, which makes it much easier to understand. Nevertheless, the prospectus is still a whopping 567 pages. […]

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Are Singapore REITs a Good Investment?

This article on Singapore Real Estate Investment Trusts (S-REITs) is long overdue as I already had plans to pen down my thoughts on this topic more than a year ago. Initially, I wanted to title this post “The Disastrous Singapore REITs Model” but decided otherwise. ๐Ÿ˜€ So why do I think they are a disaster? […]

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MI-REIT EGM Showdown with Unitholders

The past week saw a tussle going on between the managers of Macarthurcook Industrial Trust and Cambridge Industrial Trust (CIT) as MI-REIT proposed a recapitalization exercise which was firmly rejected by Cambridge Industrial Trust Management (CITM) publicly. CIT had bought close to 10% of MI-REIT after the capitalization plan was announced and they proceeded to […]

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MAS Introduces Requirement for REITs AGM

As part of a new MAS requirement, all Singapore listed REITs will be required to hold Annual General Meetings (AGMs) once every calendar year and not more than 15 months from the last preceding AGM, with effect from 1 January 2010. This means all REITs will have held an AGM by 31 Dec 2010. In […]

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CCT Rights Issue

CapitalCommercial Trust (CCT) recently announced a Rights Issue, becoming the third company related to Capitaland to do so. This CCT Rights Issue will raise approximately S$828.3 million, with 1 Rights Unit being offered for every existing CCT Unit owned. The Rights Issue will allow Unitholders to subscribe for the new units at $0.59/unit. This is […]

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