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preferential offering
Broker's Calls
ESR-REIT kept at 'add' pending clarity on equity fund raising to revitalise portfolio, repay debt
SINGAPORE (June 19): CGS-CIMB Research is maintaining its forecasts on ESR-REIT “pending greater clarity” on details of an equity fund raising to raise up to $150 million.
June 19, 2019
Equity raising
ESR-REIT proposes equity fund raising to raise gross proceeds of up to $150 mil to finance property acquisition, AEIs
SINGAPORE (June 17): The manager of ESR-REIT has proposed an equity fund raising exercise to raise gross proceeds of up to $150 million.
June 17, 2019
FLT says 152 mil new units sold to raise $147 mil in preferential offering
SINGAPORE (June 11): Frasers Logistics & Industrial Trust (FLT) announced that about 152 million preferential offering new units were issued at 96.7 cents per unit, raising approximately $147.1 million.
June 11, 2018
Property
Manulife US REIT launches preferential offering to raise $265 mil fund for two acquisitions
SINGAPORE (May 16): The manager of Manulife US Real Estate Investment Trust (Manulife US REIT) is seeking to sell around 227.9 million new units at US$0.865 each to raise US$197.2 million ($265 million) in a preferential offering to fund the purchase of t
May 16, 2018
Results
ESR-REIT's 1Q EPU falls 15.6% to 0.847 cent on preferential offering
SINGAPORE (Apr 20): The manager of ESR-REIT, formerly known as Cambridge Industrial Trust, has declared an earnings per unit (EPU) of 0.847 cent for 1Q18, which is 15.6% lower than the 1Q EPU of 1.004 cents a year ago impacted mainly by the new units issu
April 20, 2018
ESR-REIT launches preferential offering to raise $141.9 mil in proceeds
SINGAPORE (Feb 27): ESR-REIT is launching a preferential offering on the basis of 199 new units for every 1,000 existing units to raise gross proceeds of up to about $141.9 million.
February 27, 2018