New IPO is Coming! US-Based Eagle Hospitality Trust

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Singapore could soon see the listing of its very first US hospitality pure-play real estate investment trust (REIT). Eagle Hospitality Trust is preparing to lodge its prospectus with the Singapore Exchange (SGX), according to FinanceAsia.

Read more detail here

https://www.theedgesingapore.com/us-based-eagle-hospitality-trust-swoops-singapore-listing

 

Summary of Eagle Hospitality Trust 

  • Portfolio Value: US$1.27 billion (20 hotels under the Marriot, Hilton and InterContinental brands)
  • Price/NAV: 0.9 to 1.0
  • Distribution Yield: 7%-7.5% (2019), 7.3%-7.9% (2020)
  • Gearing Ratio: 36% (75% Fixed Debt at 4.2% average cost)

Wait for more information after the IPO prospectus is lodged.

See other Singapore REITs for comparison here.

Singapore REIT Fundamental Analysis Comparison Table – 1 April 2019

 

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