financial engineering

Bigger is better leading to lower fees as a percentage of assets, but sponsor quality is what counts

Whether Eagle Hospitality Trust's fiasco has dented SGX as a REIT hub remains to be seen, tested by a logistics REIT IPO soon

Strong sponsor support lifted REITs beyond the reach of the STI these past 19 years and could continue to do so

Master leases usually provide stability for REITs, because of their long leases. In some cases they have destroyed value

In a webinar held by The Edge Singapore and EdgeProp on July 11, Wong Yew Kiang, head of research at CLSA, gave a quick rundown of the Singapore REIT (S-REIT) sector and his view on virus-resistant REITs.

Eagle Hospitality Trust formed a series of subsidiaries to hold its 18 properties which are referred to as master lessors. Its sponsor Urban Commons also formed 18 subsidiary companies some of which are Cayman registered to act as master lessees.