Post by odie on May 11, 2014 18:48:49 GMT 7
sg.news.yahoo.com/oue-commercial-reit-trades-below-ipo-price-035037361--sector.html
OUE Commercial REIT trades below IPO price
Property GuruProperty Guru – Tue, Jan 28, 2014
After raising S$346 million in its IPO, OUE Commercial Real Estate Investment Trust (C-reit) ended its first trading day on a weak note, with units traded below their IPO price of S$0.80 per unit, according to media reports.
Over 8.8 million units traded at S$0.785, about 3.8 percent lower than the initial stock offering of 80 cents per unit, during the first few minutes. The price remained unchanged at the closing of the trade.
Overall, it sold 433 million units, with Cornerstone investors subscribing for 255 million units or over 50 percent of the deal.
This year, the REIT offered a dividend yield of 6.8 percent.
OUE C-Reit is the newest addition to Singapore's 25 listed Reits as firms take advantage of investor demand for high-yield securities and tax incentives.
Its initial asset portfolio comprises Singapore's OUE Bayfront Property (pictured) and another office building in Shanghai.
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OUE Commercial REIT’s First Financial Results 8 May 2014
Exceed Forecast by 3.6%
Highlights:
-Distributable Income is 3.6% higher than Forecast1
-Distribution per Unit of 1.00 cent is 4.2% higher than Forecast
-36.7% of expiring leases in 2014 have been renewed with positive rental
reversion
As OUE C-REIT’s distribution policy is to make distributions to Unitholders on a
semi-annual basis, the amount available for distribution for the period 27 January
2014 to 31 March 2014 will be paid together with the second quarter amount
available for distribution on or before 28 September 2014.
OUE Commercial REIT trades below IPO price
Property GuruProperty Guru – Tue, Jan 28, 2014
After raising S$346 million in its IPO, OUE Commercial Real Estate Investment Trust (C-reit) ended its first trading day on a weak note, with units traded below their IPO price of S$0.80 per unit, according to media reports.
Over 8.8 million units traded at S$0.785, about 3.8 percent lower than the initial stock offering of 80 cents per unit, during the first few minutes. The price remained unchanged at the closing of the trade.
Overall, it sold 433 million units, with Cornerstone investors subscribing for 255 million units or over 50 percent of the deal.
This year, the REIT offered a dividend yield of 6.8 percent.
OUE C-Reit is the newest addition to Singapore's 25 listed Reits as firms take advantage of investor demand for high-yield securities and tax incentives.
Its initial asset portfolio comprises Singapore's OUE Bayfront Property (pictured) and another office building in Shanghai.
_______________________________________________________________________________________________________
OUE Commercial REIT’s First Financial Results 8 May 2014
Exceed Forecast by 3.6%
Highlights:
-Distributable Income is 3.6% higher than Forecast1
-Distribution per Unit of 1.00 cent is 4.2% higher than Forecast
-36.7% of expiring leases in 2014 have been renewed with positive rental
reversion
As OUE C-REIT’s distribution policy is to make distributions to Unitholders on a
semi-annual basis, the amount available for distribution for the period 27 January
2014 to 31 March 2014 will be paid together with the second quarter amount
available for distribution on or before 28 September 2014.
