Cromwell European REIT (CEREIT) revives IPO Plan – Updated IPO Summary

  • Post author:

Cromwell revives pan-Europe Reit listing

Latest Cromwell European REIT IPO Prospectus  Total 1058 pages.

See previous Cromwell European REIT IPO Prospectus here.

  • Type = Office / Light Industrial / Logistic / Retail (Europe)
  • Sponsor = Cromwell Property Group (hold about 35.8% of the total number units)
  • Total Unit Offered = 1,573,990,000
  • Capitalization = €1,360.1 million
  • Portfolio = 74 (Denmark, France, Germany, Italy and the Netherlands)
  • Portfolio Size @ IPO =  €1.35 billion
  • IPO Offer Price = €0.55
  • Number of units in issue = About 428.54 million
  • NAV = €0.53
  • Price / NAV = 1.038
  • Distribution Yield = 7.8%
  • Distribution Policy = 100% (until 2019), thereafter (at least 90%). Semi-annual.
  • WALE = 4.9 Years
  • Tenant > 700 leases
  • Occupancy Rate = 87.7%
  • Gearing Ratio = 37.2%
  • WADM = 4.0 Years
  • Plan Listing: Nov 30, 2017
  • Application period = Nov 22 to Nov 28, 2017

 

.

Portfolio

 

 

.

Debt Profile

.

REIT Structure

 

.

Shareholders

 

.

Cromwell European REIT 2018 DPU Yield Comparison

 

.

Euro SGD Exchange Rate

 

.

Cromwell European REIT Indicative IPO Timetable

 

Compare to other Singapore REITs here.

Check below on other events:

REITs Investing Course

REITs Portfolio Advisory 

 

Continue ReadingCromwell European REIT (CEREIT) revives IPO Plan – Updated IPO Summary

Keppel-KBS US REIT IPO Balloting Result

  • Post author:

Keppel-KBS US REIT IPO 6.7 times oversubscribed

The Singapore initial public offering (IPO) of Keppel-KBS US REIT has received 9,064 applications for 227,764,700 units. The public offer was 6.7 times oversubscribed, raising $273m (US$200.4m).

 

See announcement of Keppel-KBS US REIT IPO Balloting Result here.

Compare Keppel-KBS US REIT IPO Prospectus with other Singapore REITs here.

 

Continue ReadingKeppel-KBS US REIT IPO Balloting Result

Keppel-KBS US Reit IPO Prospectus Summary

  • Post author:

 

Keppel-KBS US Reit prices IPO at 88 US cents per unit

OVERVIEW OF KEPPEL-KBS US REIT
Keppel-KBS US REIT is a Singapore REIT established with the investment strategy of principally
investing, directly or indirectly, in a diversified portfolio of income-producing commercial assets
and real estate-related assets in the key growth markets of the United States.

Keppel KBS US REIT IPO Prospectus

 

  • Type = Office
  • Sponsor = Keppel Capital and KBS Pacific Advisors
  • Total Unit Offered = 262.77 Million
  • Capitalization = US$553.1 Million (S$753.9 Million)
  • Portfolio = 11 freehold offices in US
  • Portfolio Size @ IPO = US$804 Million
  • IPO Offer Price = US$0.88
  • Number of units in issue = 628.565 Million
  • NAV = US0.84
  • Price / NAV = 1.0476
  • Distribution Yield = 6.8% (2018), 7.2% (2019)
  • WALE = 3.7 Years
  • Occupancy Rate = 88.1%
  • Gearing Ratio = 36%
  • WADM = 4.5 Years
  • Plan Listing: Nov 9, 2017
  • Application period = Nov 2 to Nov 7, 2017

 

Portfolio

 

REIT Structure

Sponsor

 

 

Keppel KBS US REIT IPO Listing Time Table

 

Compare to other Singapore REITs here.

Check below on other events:

REITs Investing Course

REITs Portfolio Advisory 

 

Continue ReadingKeppel-KBS US Reit IPO Prospectus Summary