ARA US Hospitality Trust IPO Prospectus & Summary

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ARA US Hospitality Trust

ARA US Hospitality Trust is a hospitality stapled group comprising ARA H-REIT, a real estate
investment trust constituted in Singapore, and ARA H-BT, a registered business trust (“BT”)
constituted in Singapore. ARA H-REIT is established with the principal investment strategy of
investing primarily, directly or indirectly, in a portfolio of income-producing real estate which is
used primarily for hospitality and/or hospitality-related purposes, located in the U.S., as well as
real estate-related assets in connection with the foregoing. On the other hand, ARA H-BT is
established with the principal investment strategy of investing in a portfolio of real estate primarily
used for hospitality and/or hospitality-related purposes, located in the U.S., as well as real
estate-related assets in connection with the foregoing, and to carry on the business of managing
and operating real estate used primarily for hospitality and/or hospitality-related purposes, located
in the U.S. The Managers presently intend for ARA H-REIT to hold income-producing real estate
while ARA H-BT will be the master-lessee and manage and operate these assets.

Related News

https://www.channelnewsasia.com/news/business/ara-us-hospitality-trust-seeks-to-raise-us-451-million-in-11497244

  • Type = US Hospitality Sector
  • Sponsor = ARA Asset Management (Own 9.5% of ARA US Hospitality Trust)
  • Total Unit Offered = 379,776,300
  • Portfolio = 38 Hotel in US (across 21 states, 4950 rooms)
  • Portfolio Size = US$719.5. Million
  • Market Capitalisation = US$749.1 Million
  • IPO Offer Price = US$0.88
  • NAV per unit = US$0.86
  • Price / NAV = 1.023
  • Distribution Yield = 8.0% (2019), 8.2% (2020)
  • Distribution Policy = 100% for 2019. 90% for 2020. Semi Annual Payout.
  • Gearing Ratio = 35.9% (calculated value from balance sheet)
  • Plan Listing: May 9, 2019

See ARA US Hospitality Trust IPO Prospectus here.

 

Compare to other Singapore REITs here.

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1 thought on “ARA US Hospitality Trust IPO Prospectus & Summary”

  1. The IPO price of ARA US Hostpitality Trust @ US$0.88 cts is high. Its price plummeted on its first day trading on the SGX-ST market at US$0.875 cts. The style of listing ARA US HT is equivalent to HPH style of listing. HPH IPO is at US$1.01 and now it is way below its initial listing price, trading at US$ 0.23 cts. Is some big boys manipulating the trading of these shares at the expense of the small retail shareholders.

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