The prospectus for Elite Commercial REIT (the REIT) was registered with the Monetary Authority of Singapore’s OPERA site on 28 Jan 2020, along with the Product Highlights Sheet. Let us take a look on top of what we had covered previously here.

The Numbers And Figures

The offering price of the IPO is Sterling Pound (GBP) 0.68, or in Singapore Dollar (SGD) terms 1.21, based on the exchange rate of GBP 1 = SGD 1.7794. The yield (over the IPO price) is forecasted to be 7.1% for the year 2020 and projected to be 7.2% for the year 2021. 

The aggregate leverage (which I assume it to be gearing) as at the listing date will be approximately 33.6%. Most of the other figures remained the same as per my previous post for this REIT, such as the number of properties (97) and the weighted average lease expiry (8.6 years).

The application for the IPO