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accretion
REITs
JP Morgan positive on acquisition but raises concern about Keppel DC REIT's $350 mil payout for land extension
Despite accretions of 6.7% to 11.1% to DPU from KDC REIT's proposed DC acquisitions, JP Morgan thinks unitholders may question a $350 million upfront payment to the sellers for land lease extension
12 days ago
REITs
Quarz, Black Crane plan to vote against ESR-REIT Sabana REIT merger
On Aug 6, ESR-REIT’s manager announced that it does not intend to increase the scheme consideration for Sabana Shariah Compliant Industrial REIT, announced on July 16. Sabana REIT’s unitholders are being offered 0.94x the price of ESR-REIT. Last month
August 07, 2020