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Eagle Hospitality Trust
REITs
Eagle Hospitality Trust is a lost cause, unitholders’ hopes hinge on full investigation
SINGAPORE (May 22): This afternoon, we received an open letter from a unitholder of Eagle Hospitality Trust. The unitholder is clearly concerned that interest payments on the REIT’s loans - US$506.6 million as at Dec 31, 2019- may have been suspended, a
May 22, 2020
REITs
NAV may be better benchmark as REITs cut DPU
For the next few months, investors may start monitoring price to net asset value for REITs rather than their yields.
May 08, 2020
REITs
What did Urban Commons do with proceeds from Eagle's IPO?
The suspended Eagle Hospitality Trust is a stapled security comprising of EH-REIT which is the active part of the stapled security, and a dormant business trust. In May last year, EHT raised some US$565 million in an IPO. The portfol
April 24, 2020
REITs
EHT's default not just caused by Covid-19 and hurricanes but by a valuation deficit
On its first day of trading on May 24, 2019, Bank of America, which was one of the underwriting banks, sold more than four million units of EHT at 71 cents.
March 27, 2020
REITs
Covid-19 fallout hits hospitality trusts, retail
While Eagle Hospitality Trust is the worst performer year-to-date, it is interesting that in the US, it is increasingly apparent that the supply of select-service hotels is rising while demand has not kept pace with supply.
February 28, 2020
REITs
US hospitality trusts face headwinds as fundamentals deteriorate
SINGAPORE (Feb 24): As far as bottom line DPS are concerned, both Eagle Hospitality Trust (EHT) and ARA US Hospitality Trust fell short of their forecasts in their respective prospectus in April and May last year as parts of the US economy softened for sp
February 21, 2020
Issues that matter
A model that works
Singapore REITs have benefited from the external manager model, with its checks and balances, sponsor support and accretive acquisitions
December 27, 2019
IPO
Singapore property trust IPOs surge to 6-year high
SINGAPORE (Sept 18): Singapore real estate investment trusts are on a money-raising spree.
September 18, 2019
Global Markets
Trade war tensions continue to rise, earnings season brings mixed results
SINGAPORE (May 20): Tensions between Washington and Beijing continue to rise as US President Donald Trump shows no inclination to de-escalate the country’s trade war with China. Trump believes his clash with Chinese President Xi Jinping is boosting his
May 20, 2019