IPO   

Prime REIT USD

After starting this IPO Thread a few months ago and having studied its maiden report (for period 19.7.2019 to 30.0.2019) recently, I am happy to note that the Available dpu per unit is 1.38 US Cts and this amt is 5.4% above projection. I have crossed-checked and cross-referenced this amt with the other targetted figures and have found all numbers to tally !

Annualised, this dpu will yield 6.86 US Cts per unit, and the yield at a Unit Price of USD 0.94 = 7.30%. I invite comments to my calculations, if any,...

 

They are so afraid to share the IPO placement stats and percentage.   People are not stupid. This is just a consequence of backlash against Trump protectionist policies and how Asian people feel welcomed in the USA.  Better for me to wait until after trading starts, to even think of buying.

 

 

Strong cornerstone investors, such as SPH and Hiap Hoe.
Larger mkt cap than ARA/Eagles hospitality trust, of about 1.1bn SGD. Economies of scale would be larger.

Also, a good cook eats his own food. Its sponsor will own 24.7% after listing. This is unlike Eagles Trust, where the sponsor only took up 15.2% after listing and ARA, where its sponsor took up 9.5% after listing.

Cheers.

 

I summarise all the key numbers and charts here.
http://mystocksinvesting.com/singapore-reits/prime-us-reit/prime-us-reit-ipo-prospectus-and-summary/

 

I think KBS has learnt the kung-fu of listing in the SGX from the earlier REIT, and now wants to repeat the performance... I think this REIT can' t win in the US marketplace, hence, decided to invest here instead.

Subaru2018      ( Date: 30-Jun-2019 16:19) Posted: why kbs is offloading its assets to aingapore investors instead of usa market? With high yield of 7.x% and larger investors pool , the logical listing path should be usa. Hopefully not another dejavu of kbs reit

 

Expectations of weakening US Dollar interest rates and currency will keep this performance muted. Will wait to enter cheaper after IPO.

 

Bcos it' s the best time to offload to sinkies at inflated price now. Bcos they know next recession is coming........................

Subaru2018      ( Date: 30-Jun-2019 16:19) Posted: why kbs is offloading its assets to aingapore investors instead of usa market? With high yield of 7.x% and larger investors pool , the logical listing path should be usa. Hopefully not another dejavu of kbs reit

 

why kbs is offloading its assets to aingapore investors instead of usa market?

With high yield of 7.x% and larger investors pool , the logical listing path should be usa.

Hopefully not another dejavu of kbs reit

 

Subaru2018      ( Date: 25-Jun-2019 19:32) Posted: kBs and keppel tag team again. scary.

 

kBs and keppel tag team again. scary.

 

Prospectus will be Lodged and perhaps Registered on the same day on 28.6.2019. Targetted listing day is on 18 or 19. ... 7. 2019.

Similar to Kep-KBS REIT USD, Keppel Capital owns substantial stakeholdings in the mgr and in the REIT (as cornerstone investors) for this start....Kep-KBS owns properties in the Tier-2 cities in The United States. Prime would be owning Trophy properties.

https://www.theedgesingapore.com/capital/ipo/prime-us-reit-primed-ipo-plans-lodge-prospectus-june-28?utm_source=Singapore+Market+Report& utm_campaign=88602950e8-EMAIL_CAMPAIGN_2019_06_23_03_47& utm_medium=email& utm_term=0_46b7beec93-88602950e8-92358833& mc_cid=88602950e8& mc_eid=89d8698c85