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.