Manulife pre-markets Singapore Reit IPO

Manulife US REIT Singapore IPO

Manulife US REIT IPO news

  • Type = Commercial (Office)
  • Sponsor = Manulife (9.5% stake)
  • Market Capitalization = $490 Million
  • Portfolio = 3 Grade A Commercial Property @ Washington DC (19% NAV), Los Angeles (38% NAV ) and Irvine (43% NAV)
  • Price / NAV = between 1.1 to 1.2
  • Distribution Yield = 5.5% to 5.9%
  • WALE = 5.1 Years
  • Occupancy Rate = 97.7%
  • Top 10 Tenants = 58% of income
  • Gearing Ratio = 37.6%
  • WADB = 10.3 Years
  • Cost of Capital = 3.75%
  • Plan Listing: July 15, 2015

Is it a good REIT to subscribe? Is the yield attractive with the IPO share price? How to analyse the fundamental of this Manulife US REIT to see whether it is a good long term investment? What are the risks? Check out the coming Singapore REIT Public Workshop here.

 

 

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