New IPO is Coming! US-Based Eagle Hospitality Trust

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


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.


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