MEDIA group Singapore Press Holdings (SPH) filed its preliminary prospectus for its retail mall real estate investment trust (Reit). The IPO is expected to raise between $523 million and $554 million, with an offer of 308.9 million units at between 85 and 90 cents each.
SPH REIT – Yield Comparison with Industry Peers
SPH REIT Quick Facts
Sponsor: Singapore Press Holdings
Sponsor stake post IPO: 70%, Free float 30%
REIT manager: SPH REIT Management