General S-REITs Discussion Thread

[Andrew833]

Seems the number of units not alot. Liquidity could be a problem.
Could someone verify?

244,438,000 units offer for IPO

Daiwa House Logistics Trust (DHLT) has filed for an initial public offering (IPO) as a REIT on SGX, with a portfolio of logistics and industrial real estate assets, in a move to raise around S$575.5 million, or around 48.66 million yen.

The trust plans to offer 244.44 million units, subject to an overallotment option for an additional 27 million units, at S$0.80 a unit, with a placement tranche and a public offering, according to a prospectus filed to the Monetary Authority of Singapore (MAS). The total number of units after the offering will be 675 million, the prospectus said.

The initial portfolio will have 14 logistics properties in Japan, with an appraised value of around 80.57 billion yen, or around S$952.9 million, the prospectus said. DHLT will pay a total purchase consideration for the IPO portfolio of 71.07 billion yen, or around S$840.5 million, according to the prospectus.

The net proceeds will be used to acquire the IPO portfolio and for general corporate and working capital purposes, the filing said.

Liquidity should not be a problem. Yet to find the prospectus to read so no comment yet.

 

[soneat]

244,438,000 units offer for IPO

Daiwa House Logistics Trust (DHLT) has filed for an initial public offering (IPO) as a REIT on SGX, with a portfolio of logistics and industrial real estate assets, in a move to raise around S$575.5 million, or around 48.66 million yen.

The trust plans to offer 244.44 million units, subject to an overallotment option for an additional 27 million units, at S$0.80 a unit, with a placement tranche and a public offering, according to a prospectus filed to the Monetary Authority of Singapore (MAS). The total number of units after the offering will be 675 million, the prospectus said.

The initial portfolio will have 14 logistics properties in Japan, with an appraised value of around 80.57 billion yen, or around S$952.9 million, the prospectus said. DHLT will pay a total purchase consideration for the IPO portfolio of 71.07 billion yen, or around S$840.5 million, according to the prospectus.

The net proceeds will be used to acquire the IPO portfolio and for general corporate and working capital purposes, the filing said.

Liquidity should not be a problem. Yet to find the prospectus to read so no comment yet.

FYI - Prospectus here:
https://eservices.mas.gov.sg/opera/....aspx?prosID=d469e8d29c094d3e8de31fe6b6840689

 

[Weaboo]

244,438,000 units offer for IPO

Daiwa House Logistics Trust (DHLT) has filed for an initial public offering (IPO) as a REIT on SGX, with a portfolio of logistics and industrial real estate assets, in a move to raise around S$575.5 million, or around 48.66 million yen.

The trust plans to offer 244.44 million units, subject to an overallotment option for an additional 27 million units, at S$0.80 a unit, with a placement tranche and a public offering, according to a prospectus filed to the Monetary Authority of Singapore (MAS). The total number of units after the offering will be 675 million, the prospectus said.

The initial portfolio will have 14 logistics properties in Japan, with an appraised value of around 80.57 billion yen, or around S$952.9 million, the prospectus said. DHLT will pay a total purchase consideration for the IPO portfolio of 71.07 billion yen, or around S$840.5 million, according to the prospectus.

The net proceeds will be used to acquire the IPO portfolio and for general corporate and working capital purposes, the filing said.

Liquidity should not be a problem. Yet to find the prospectus to read so no comment yet.

buy liao can huat?

 

[1l92041H]

Thanks for the support, old friend!
Please just use my holdings as a reference. Still must DYODD hor.

if u had spare cash to double down, which REIT from your arsenal would u put it on?

 

[TehSi99]

buy liao can huat?

If you want to huat big time, then Reits is not the answer.

 

[dappermen]

True, tehsi…..

 

[Andrew833]

FYI - Prospectus here:
https://eservices.mas.gov.sg/opera/....aspx?prosID=d469e8d29c094d3e8de31fe6b6840689

Near 1,000 pages
Someone help me out liao hehe.

Fundamental and Financial Ratios

Type = Logistics and Industrial Properties in Japan
Sponsor = Daiwa House Industry Co., Ltd. (TYO:1925)
REIT Manager: Daiwa House Asset Management Asia Pte. Ltd
Total Units Offered = 244,438,000
Portfolio = 14 Logistics and Industrial Properties in Japan
Portfolio Size = ¥80,570.0 million (S$952.9 million)
IPO Offer Price = S$0.80
NAV per unit = S$0.81
Price / NAV = 0.988
Gearing Ratio = 43.8%
Forecasted Distribution Yield = 6.3% (2021), 6.5% (2022)
Distribution Policy = 100% till 2022. At least 90% from 2023 onwards. Semi-annual distribution.
Lease Management Ratios

Occupancy Rate = 96.3%
WALE = 7.2 (by NLA)
Daiwa House Logistics Trust IPO Prospectus
Debt Management Ratios

Forecasted Interest Coverage Ratio = 9.3x (2021), 10.3x (2022)
IPO Information

IPO Offer Price = S$0.80
Offer Closing Date: 24 November 2021 at 12:00pm
Listing Date: 26 November 2021 at 2:00pm

Not my choice for long term, short term can consider.

 

[vsvs24]

Those subscribing for the IPO of UOB Green REIT ETF by internet banking and ATM, note that application close today 17 Nov at noon.

 

[Sadisticnoob]

Slight discount to nav and high gearing ??
Im out of there

 

[kucheech]

Those subscribing for the IPO of UOB Green REIT ETF by internet banking and ATM, note that application close today 17 Nov at noon.

noob here, is ESA cheaper than using tiger broker?

 

[Andrew833]

Those subscribing for the IPO of UOB Green REIT ETF by internet banking and ATM, note that application close today 17 Nov at noon.

Noob question: Shares brought from IPO can sell on the listing day?

 

[dappermen]

Shares brought from IPO can sell on the listing day?

sure!

 

[Andrew833]

sure!

Thanks

 

[vsvs24]

noob here, is ESA cheaper than using tiger broker?

Using ATM and internet banking just need pay $2 fee. More important is that it definitely goes to CDP which is important for me.

Question : Those who use FSMone or Tiger to buy, is it custodian instead of CDP ?

 

[demoforce1]

can this one sell anytime from sgx broker?
https://www.temasek.com.sg/en/news-...rs-5-year-t2026-singapore-dollar-temasek-bond

 

[Andrew833]

Using ATM and internet banking just need pay $2 fee. More important is that it definitely goes to CDP which is important for me.

Question : Those who use FSMone or Tiger to buy, is it custodian instead of CDP ?

Tiger is custodian, unless Tiger announce that they will deposit into CDP.
Not sure with FSM1

 

[vsvs24]

can this one sell anytime from sgx broker?
https://www.temasek.com.sg/en/news-...rs-5-year-t2026-singapore-dollar-temasek-bond

Yes

 

[dappermen]

No wonder my MLT in red







Uob kh claimed it might be due to opening up of vtL??

S-REITs Bi-Weekly Updates (1-15 November 2021)


CDREIT gained 5.8% due to the addition of more VTLs. SASSR gained 4.7% as 3Q21 DPU grew 3.8% yoy and it benefits from the strength of the renminbi. KREIT gained 2.7% as the risk of a merger with SPH REIT dwindled due to Cuscaden Peak’s improved offer for Singapore Press Holdings. LREIT gained 2.3% due to a turnaround to positive rental reversion for 313@Somerset in 1QFY22.

Maintain OVERWEIGHT. BUY hospitality REITs ART (Target: S$1.20) and FEHT (Target: S$0.71). BUY retail REITs FCT (Target: S$2.98) and LREIT (Target: S$1.03).

Read on: https://bit.ly/3CAgCox

 

[Sadisticnoob]

Buy reit shouldn’t look at unrealised gain or loss should look at cash flow instead
If get capital gain is a bonus

 

[Andrew833]

Buy reit shouldn’t look at unrealised gain or loss should look at cash flow instead
If get capital gain is a bonus

REITs unrealized gain 15% can back to 0%, just hold and don't bother.
Woah congrats for your Ifast holding.