Eagle Hospitality Trust IPO Prospectus & Summary

 

 

Eagle Hospitality Trust

EHT is a hospitality stapled group comprising EH-REIT and EH-BT.

EH-REIT is a Singapore-based real estate investment trust (“REIT”) established with the principal
investment strategy of investing on a long-term basis, directly or indirectly, in a diversified portfolio
of income-producing real estate which is used primarily for hospitality and/or hospitality-related
purposes, as well as real estate-related assets in connection with the foregoing, with an initial
focus on the US.

For the purposes of this Prospectus, real estate used for “hospitality” purposes includes hotels,
serviced residences, resorts and other lodging facilities, whether in existence by themselves as
a whole or as part of larger mixed-use developments, which may include commercial,
entertainment, retail and leisure facilities.

The REIT Manager is indirectly 51% owned by Howard Wu and 49% owned by Taylor Woods.
Howard Wu and Taylor Woods are the co-founders of the Sponsor (collectively, the “Founders”
and each, a “Founder”) and they each own 50% of the common equity interests in the Sponsor.
EH-BT is a Singapore-based business trust which will be dormant as at the Listing Date. The
Trustee-Manager is indirectly 51% owned by Howard Wu and 49% owned by Taylor Woods.
EHT is a US hospitality specialist with an invested Sponsor and a portfolio of full service hotels
in the top US markets.

See related news below:

Eagle Hospitality Trust prices IPO at US$0.78 per stapled security

  • Type = US Hospitality Sector
  • Sponsor = Urban Commons, LLC (Owners Howard Wu & Taylor Woods aggregate 15.2% of Eagle Hospitality Trust)
  • REIT Manager: Howard Wu (51%) & Taylor Woods (49%)
  • Total Unit Offered = 580,558,000
  • Portfolio = 18 Hotel in US (across 21 states, 5420 rooms)
  • Portfolio Size = US$1.27 Billion
  • IPO Offer Price = US$0.78
  • NAV per unit = US$0.88
  • Price / NAV = 0.8863
  • Distribution Yield = 8.2% (2019), 8.4% (2020)
  • Distribution Policy = 100% for 2019. 90% for 2020. Semi Annual Payout.
  • Occupancy Rate = 73.6% (2018), 78.5% (2019 Forecast), 76.8% (2020 Forecast)
  • Gearing Ratio = 38.0%
  • WADM = 4.2 Years
  • Offer Closing Date: May 22, 2019 at 12:00pm
  • Listing Date: May 24, 2019
  • Eagle Hospitality Trust IPO Prospectus

 

Compare to other Singapore REITs here.

Singapore REIT Bubble Charts May 2019

Bubble charts derived from May 5, 2019 Singapore REITs Fundamental Comparison Table. No significant changes compared to last Bubble Charts.

(1) Big cap REIT remains expensive and value picks remains at small and medium cap REIT. Note: Distribution yield is lagging.

(2) There are no significant changes in gearing ratio.

These Bubble Charts are used to show the “relative” position compare to other Singapore REITs.

Two visual bubble charts to pick and avoid:

  1. Undervalue Singapore REITs with High Distribution Yield** (Value Pick)
  2. Overvalue Singapore REITs with High Gearing Ratio (Risk Avoidance)

** Distribution Yield are lagging.

Compared to previous Singapore REIT Bubble Charts here.

 

Disclaimer: The analysis is for Author own use and NOT to be used as Buy / Sell recommendation. Get a proper training on “How to use this Singapore REIT Bubble Charts?” here.

 

Check below on other events:

http://mystocksinvesting.com/course/singapore-reits-investing/REITs Investing Course 

http://mystocksinvesting.com/course/private-portfolio-review/REITs Portfolio Advisory 

http://mystocksinvesting.com/events/

Singapore REIT Price / NAV Range Chart May-2019

Original post from http://mystocksinvesting.com

Singapore REIT Price / NAV Range Chart base on May 5, 2019 Singapore REITs Table.

See last Singapore REITs Price/NAV here to see the changes.

Disclaimer: This chart is NOT a recommendation to buy or sell. Do NOT use it if you don’t understand how to interpret it.

 

Check below on other events:

If you are REIT investors, it is strongly recommended to attend the coming Singapore REITs Symposium on May 18. First 30 signups via promo code (msinvesting) will be entitled to a mystery gift and it’s redeemable on ground at ShareInvestor’s booth. Click the REITs Symposium here to register.    http://www.reitsymposium.com/index.html

http://www.reitsymposium.com/index.html

http://mystocksinvesting.com/course/singapore-reits-investing/REITs Investing Course 

http://mystocksinvesting.com/course/private-portfolio-review/REITs Portfolio Advisory 

http://mystocksinvesting.com/events/