- Prospectus Link here
- Offering Price: $0.93
- Opening & Closing Time for IPO; Commencement of Trading Time
- Targeting to raise about S$1.49 billion, Far East Hospitality Trust is the largest initial public offering (IPO) in Singapore this year.
- Trust's portfolio consists of seven hotels and four serviced residences in Singapore and is valued at over S$2 billion
- 4th hospitality trust in Singapore; Other three: CDL Hospitality Trusts, Ascott Residence Trust & Ascendas Hospitality Business Trust.
Pros
- Institutional tranche of the IPO was over 30 times subscribed.
- All the properties are situated in Singapore; easy to conduct due diligence on tenancy rate & stable outlook since Singapore tourism is still growing healthily
- REITs have out-performed the STI as a whole ...
