EC World REIT IPO Product Highlight Sheets and Time Table

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EC World set to price Singapore REIT IPO near top of range – IFR

EC World Real Estate Investment Trust (REIT) is set to price its initial public offering in Singapore near the top end of its indicative range to raise about S$346 million ($255 million), IFR reported, citing a person close to the transaction

The REIT, backed by a portfolio of properties in Hangzhou, China, will be selling 427.6 million units in the IPO, Thomson Reuters publication IFR reported on Wednesday.

The units are to be priced at S$0.81 apiece, compared with their indicative range of S$0.76-S$0.82, IFR said. Units of the REIT, sponsored by Shanghai-based Forchn Holdings Group, will be listed on July 28, IFR added.

An external spokesman for EC World declined to comment.

($1 = 1.3547 Singapore dollars) (Reporting by S. Anuradha of IFR; Additional reporting and writing by Aradhana Aravindan; Editing by Kenneth Maxwell)

EC World Product Highlights Sheet

EC World REIT IPO Offering Price July 21-2016 EC World REIT IPO Offering Price DPU July 21-2016EC World REIT IPO Offering Price Sponsor July 21-2016 EC World REIT IPO Offering Price Time Table July 21-2016

Compare EC World REIT with other Singapore REITs here.

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EC World Real Estate Investment Trust IPO Prospectus Fundamental Analysis

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EC World REIT Logo

Forchn Group Sponsor Logo

See EC World REIT IPO Prospectus here.

  • Type = Industrial (China)
  • Sponsor = Forchn Holdings Group (41% to 45% shares)
  • Total Unit Offered =  Between 172,368,700 and 191,046,300 Units
  • IPO Offer Price = Between S$0.76 to S$0.82
  • NAV = $0.88
  • Price / NAV = between 0.8636  to 0.9318
  • Distribution Yield = 7.0% (2016), 7.2% (2017) at Maximum Offer Price
  • WALE = 4.6 Years
  • Occupancy Rate = 92.3%
  • Gearing Ratio = $391.195 Million / $1,303.443 Million = 30.0%
  • Plan Listing: July, 2016

Compare to other Singapore REITs here.

EC World REIT Portfolio July7-2016EC World REIT Rental Yield July7-2016EC World REIT yield with wo master lease July7-2016EC World REIT Summary Fine PrintEC World REIT Rental Contribution July7-2016EC World REIT Rental Occupancy July7-2016EC World REIT Sector Diversification July7-2016EC World REIT Top 10 Tenant1 July7-2016EC World REIT Top 10 Tenant2 July7-2016

EC World REIT WALE July7-2016

EC World REIT Structure July7-2016

CNY SGD July8-2016

Continue ReadingEC World Real Estate Investment Trust IPO Prospectus Fundamental Analysis