CROMWELL European REIT (Cereit) IPO Prospectus Summary

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OVERVIEW OF CEREIT
CEREIT is the first Singapore real estate investment trust (“REIT”) with a diversified Pan-European portfolio, established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of income-producing real estate assets in Europe that are used primarily for office, light industrial/logistics and retail purposes, as well as real estate-related assets in connection with the foregoing. The Manager is Cromwell EREIT Management Pte. Ltd., a wholly-owned subsidiary of the Sponsor.

Cromwell European REIT IPO Prospectus

 

  • Type = Office / Light Industrial / Logistic / Retail (Europe)
  • Sponsor = Cromwell Property Group (hold about 12.7% of the total number units)
  • Total Unit Offered = 1,583,955,000
  • Capitalization = Euro 1,814.8 million (based on the Maximum Offering Price)
  • Portfolio = 81 (Denmark, France, Germany, Italy, the Netherlands and Poland)
  • Portfolio Size @ IPO = Euro 1,834 million (approximately S$2,990 million)
  • IPO Offer Price = Between Euro 0.55 to Euro 0.57
  • Number of units in issue = 2,192,000,000
  • NAV = Euro 0.54
  • Price / NAV = between 1.0185  to 1.0555
  • Distribution Yield = 7.5% to 7.7%
  • Distribution Policy = 100% (until 2019), thereafter (at least 90%). Semi-annual.
  • WALE = 5.1 Years
  • Tenant > 1000 leases
  • Occupancy Rate = 89.3%
  • Gearing Ratio = 34.3%
  • Plan Listing: September 28, 2017
  • Application period = Sept 21 to Sept 26, 2017

 

Portfolio

 

REIT Structure

 

 

Sponsor

Macro – Eurozone

 

Cromwell European REIT (CEREIT) IPO Listing Time Table

 

 

Compare to other Singapore REITs here.

Check below on other events:

REITs Investing Course

REITs Portfolio Advisory 

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Singapore REIT Price / NAV Range Chart Sept-2017

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Original post from https://mystocksinvesting.com

Singapore REIT Price / NAV Range Chart base on Sept 3, 2017 Singapore REITs Table.

 

See last Singapore REITs Price/NAV here to see the changes. FTSE ST REIT Index is still on very bullish uptrend.  See the FTSE ST REIT Index chart here. Do you think you have missed the boat?

 

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:

REITs Investing Course

REITs Portfolio Advisory 

PRIVATE PORTFOLIO REVIEW

https://mystocksinvesting.com/events/

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CPF Overview – The FIVE 3s

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Many people are confused what CPF is all about, including me last time.

I summarise the Five 3s of CPF here.

 

3 Basic Needs for Retirement

  1. A fully paid up home.
  2. Support for Healthcare Expenses.
  3. Lifelong Stream of Retirement Income

 

3 Contributors to CPF

  1. Yourself
  2. Employer
  3. Government provide good risk free interest rate

 

3 Ways to Grow CPF Savings

  1. Do Nothing and enjoy risk free interest rate (CPFOA 2.5%, CPFSA 4%).
  2. Use CPFIS (CPF Investment Scheme) if you know how to invest  to generate higher return.
  3. Use LRIS (Lifetime Retirement Investment Scheme) if you don’t know how to invest.

Note: All the above need time to let the compounding effect to take place.

 

3 Levels of Retirement Sums Set Aside at Age 55 in Retirement Account (RA)

  1. Basic
  2. Full
  3. Enhanced

 

3 CPF Life Plans After Age 65 Which Determine the Monthly Payout

  1. Standard Plan (Give more today and leaves less for your loved ones)
  2. Basic Plan (Give less today and leaves behind more for your loved ones)
  3. Escalating Plan (Start with lower payout that will increase every year)

 

 

 

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