US REIT IPOs have not performed well this year. ARA US Hospitality Trust began trading below IPO price before ultimately recovering. Other the other hand, Eagle Hospitality Trust has been a horror show, collapsing 10% on opening day and has stayed there ever since.

As such, when I heard that Prime US REIT had filed a preliminary prospectus to list soon, I was sceptical. 

Will this REIT IPO outdo the other 2 listings and give investors a high? Or will it give investors severe indigestion from US REIT overload? 

Let’s take a closer look.

Here is a brief overview of the offering details:

IPO Price is likely to US$0.88. There will be 923m units on offer in total, 335m of which are allocated for the public and placement tranche. This implies a market capitalisation of US$812m

If you would like to follow along on this review, the IPO Prospectus can