equity fund raising (EFR)

Citi Research has kept 'neutral' on Parkway Life's valuations after acquisition of 11 nursing homes in France - THE EDGE SINGAPORE

Broker's Calls

Citi Research has kept 'neutral' on Parkway Life's valuations after acquisition of 11 nursing homes in France

The REIT’s acquisition will be 100% funded by equity fund raising, representing in a “decent” about 2% DPU accretion, says Citi analyst Lee.
CICT’s private placement 3.7 times covered; issue price fixed at $2.04 - THE EDGE SINGAPORE

REITs

CICT’s private placement 3.7 times covered; issue price fixed at $2.04

Trading of CICT’s private placement units is currently expected to commence at 9am on Sept 12.
CapitaLand Ascott Trust to raise $300 mil, proposes to acquire three lodging assets for $530.8 mil - THE EDGE SINGAPORE

Equity raising

CapitaLand Ascott Trust to raise $300 mil, proposes to acquire three lodging assets for $530.8 mil

CapitaLand Ascott Trust will raise $300 million via a private placement and a preferential offering.
AIMS APAC REIT seeks to raise $100 mil through private placement and preferential offering - THE EDGE SINGAPORE

REITs

AIMS APAC REIT seeks to raise $100 mil through private placement and preferential offering

Existing unitholders will be eligible to an advanced distribution of between 1.7 cents to 1.9 cents per unit from Apr 1 to May 30.

Company in the news

KIT raises $299.6 mil from equity fund raising with issue prices fixed at the highest end of the range

KIT's placement offering was fixed at 47.7 cents per unit while its preferential offering was fixed at 46.7 cents per unit.
Despite challenges, REITs are able to raise equity - THE EDGE SINGAPORE

REITs

Despite challenges, REITs are able to raise equity

EFR by Link REIT, E-LOG and MLT could set roadmap for other REITs to tap investors
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