General S-REITs Discussion Thread
- Thread starter Dividends Warrior
- Start date
Asphodeli
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ANNOUNCEMENT
MOODY’S ASSIGNS Baa3 ISSUER RATING TO SOILBUILD REIT
SB REIT Management Pte. Ltd., the Manager of Soilbuild Business Space REIT (“Soilbuild REIT”),
wishes to announce that Moody’s Investors Service (“Moody’s”) has assigned a Baa3 issuer rating
with stable outlook to Soilbuild REIT. For further information, please refer to the Moody’s press release
and credit opinion attached.
Soilbuild REIT is concurrently rated BBB- with stable outlook by Standard & Poor’s Rating Services.
By Order of the Board
SB REIT Management Pte. Ltd.
(Company Registration No. 201224644N)
As Manager of Soilbuild Business Space REIT
Mr. Roy Teo
Chief Executive Officer
22 March 2016
http://infopub.sgx.com/FileOpen/Soilbuild REIT PR 22 March 2016.ashx?App=Announcement&FileID=394867
Not sure why they want to get rated, but looks good in my books
MOODY’S ASSIGNS Baa3 ISSUER RATING TO SOILBUILD REIT
SB REIT Management Pte. Ltd., the Manager of Soilbuild Business Space REIT (“Soilbuild REIT”),
wishes to announce that Moody’s Investors Service (“Moody’s”) has assigned a Baa3 issuer rating
with stable outlook to Soilbuild REIT. For further information, please refer to the Moody’s press release
and credit opinion attached.
Soilbuild REIT is concurrently rated BBB- with stable outlook by Standard & Poor’s Rating Services.
By Order of the Board
SB REIT Management Pte. Ltd.
(Company Registration No. 201224644N)
As Manager of Soilbuild Business Space REIT
Mr. Roy Teo
Chief Executive Officer
22 March 2016
http://infopub.sgx.com/FileOpen/Soilbuild REIT PR 22 March 2016.ashx?App=Announcement&FileID=394867
Not sure why they want to get rated, but looks good in my books
cronoficator
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ANNOUNCEMENT
MOODY’S ASSIGNS Baa3 ISSUER RATING TO SOILBUILD REIT
SB REIT Management Pte. Ltd., the Manager of Soilbuild Business Space REIT (“Soilbuild REIT”),
wishes to announce that Moody’s Investors Service (“Moody’s”) has assigned a Baa3 issuer rating
with stable outlook to Soilbuild REIT. For further information, please refer to the Moody’s press release
and credit opinion attached.
Soilbuild REIT is concurrently rated BBB- with stable outlook by Standard & Poor’s Rating Services.
By Order of the Board
SB REIT Management Pte. Ltd.
(Company Registration No. 201224644N)
As Manager of Soilbuild Business Space REIT
Mr. Roy Teo
Chief Executive Officer
22 March 2016
http://infopub.sgx.com/FileOpen/Soilbuild REIT PR 22 March 2016.ashx?App=Announcement&FileID=394867
Not sure why they want to get rated, but looks good in my books
Their dividends damn swee. Power of CD!
Minx99
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They just announced yesterday that they are still working hard at it
Genosis
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Layers
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JW2015
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Woah! He is heavily vested in CRT......
He invested 17k out of his SGD 200000 portfolio. Still ok
Genosis
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Ascendas HT can buy anot?
I read some news that some funds are looking to buy over it..
http://www.straitstimes.com/busines...l-investors-eyeing-ascendas-hospitality-trust
Private equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore's Ascendas Hospitality Trust, people familiar with the matter said, eyeing a target with a market value of US$600 million (S$861 million).
The potential offers are being considered as bankers say falling market valuations and higher interest rate expectations are set to stoke prospects for mergers and acquisitions of assets owned by the city state's property trust sector.
Late last year, Saizen Real Estate Investment Trust agreed to sell its Japan portfolio to an affiliate of US private equity firm Lone Star Funds for US$370 million.
"Conditions, such as lower valuations and weak DPU (distribution per unit) growth outlook, are conducive for sector consolidation," said Jefferies analyst Krishna Guha.
Ascendas Hospitality Trust is a "stapled" asset comprising Ascendas Hospitality Real Estate Investment Trust and Ascendas Hospitality Business Trust. Stapled assets are created when two or more securities are contractually bound together so they cannot be bought or sold separately.
The potential offers are being considered as bankers say falling market valuations and higher interest rate expectations are set to stoke prospects for mergers and acquisitions of assets owned by the city state's property trust sector.
The trust's managers said last month they were reviewing options after receiving an unsolicited expression of interest to buy out all its stapled securities.
The people familiar with the prospective Blackstone and Gaw Capital bids declined to be identified because the information was not made public. Ascendas Hospitality and Hong Kong-based Gaw Capital declined to comment. An external spokesman for Blackstone also declined to comment.
Ascendas Hospitality Trust has a portfolio of 11 hotels with more than 4,100 rooms in Australia, China, Japan and Singapore, its website says. The majority of its properties are in Australia. It is the only one of six listed hospitality trusts in Singapore that is trading above its book value, Thomson Reuters data shows. The trust is currently trading at 1.1 times its book value, compared with an average of 0.83 for all of Singapore's hospitality trusts.
Ascendas Hospitality Trust's total returns last year were 17.5 per cent, compared with an average negative total return of 1.9 per cent for the 35 trusts in the city-state's Reit sector, data from the Singapore Exchange showed. While listed companies are attracting buyer interest, Singapore's hospitality sector is currently facing multiple challenges, including weak visitor numbers amid rising room supply.
Ascendas Hospitality Trust securities, which turned positive briefly after the news, were 0.65 per cent lower in afternoon trade, while the overall market was down 2.5 per cent.
REUTERS
However, it's already trading above NAV le
I read some news that some funds are looking to buy over it..
http://www.straitstimes.com/busines...l-investors-eyeing-ascendas-hospitality-trust
Private equity investors Blackstone Group LP and Gaw Capital Partners are weighing separate bids for Singapore's Ascendas Hospitality Trust, people familiar with the matter said, eyeing a target with a market value of US$600 million (S$861 million).
The potential offers are being considered as bankers say falling market valuations and higher interest rate expectations are set to stoke prospects for mergers and acquisitions of assets owned by the city state's property trust sector.
Late last year, Saizen Real Estate Investment Trust agreed to sell its Japan portfolio to an affiliate of US private equity firm Lone Star Funds for US$370 million.
"Conditions, such as lower valuations and weak DPU (distribution per unit) growth outlook, are conducive for sector consolidation," said Jefferies analyst Krishna Guha.
Ascendas Hospitality Trust is a "stapled" asset comprising Ascendas Hospitality Real Estate Investment Trust and Ascendas Hospitality Business Trust. Stapled assets are created when two or more securities are contractually bound together so they cannot be bought or sold separately.
The potential offers are being considered as bankers say falling market valuations and higher interest rate expectations are set to stoke prospects for mergers and acquisitions of assets owned by the city state's property trust sector.
The trust's managers said last month they were reviewing options after receiving an unsolicited expression of interest to buy out all its stapled securities.
The people familiar with the prospective Blackstone and Gaw Capital bids declined to be identified because the information was not made public. Ascendas Hospitality and Hong Kong-based Gaw Capital declined to comment. An external spokesman for Blackstone also declined to comment.
Ascendas Hospitality Trust has a portfolio of 11 hotels with more than 4,100 rooms in Australia, China, Japan and Singapore, its website says. The majority of its properties are in Australia. It is the only one of six listed hospitality trusts in Singapore that is trading above its book value, Thomson Reuters data shows. The trust is currently trading at 1.1 times its book value, compared with an average of 0.83 for all of Singapore's hospitality trusts.
Ascendas Hospitality Trust's total returns last year were 17.5 per cent, compared with an average negative total return of 1.9 per cent for the 35 trusts in the city-state's Reit sector, data from the Singapore Exchange showed. While listed companies are attracting buyer interest, Singapore's hospitality sector is currently facing multiple challenges, including weak visitor numbers amid rising room supply.
Ascendas Hospitality Trust securities, which turned positive briefly after the news, were 0.65 per cent lower in afternoon trade, while the overall market was down 2.5 per cent.
REUTERS
However, it's already trading above NAV le
Genosis
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JW2015
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Genosis
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Can subscribe more of crt..
Not vested......but waiting at $0.75
Btw, this is private placement, not rights issue.....so cannot subscribe
fireblazt
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No news yet about the use of last rights issue then suddenly got this private placement.
Genosis
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No news yet about the use of last rights issue then suddenly got this private placement.
Huh? I thought they used the funds to acquire Torius property in Fukuoka.....
JW2015
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No news yet about the use of last rights issue then suddenly got this private placement.
no risk no gain. trying to maintain a 9% dpu portfolio is like this one.
Asphodeli
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The rights issue last year was for the Torius mallage...this time is private placement for idunno what reasons, cause lazy to check
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