We’re only two months into 2020 and guess what?
There’s a second real estate investment trust (REIT) that is about to IPO.
Hot on the heels of Elite Commercial REIT’s IPO is United Hampshire US REIT, a U.S. focused Singapore REIT, which just lodged their preliminary prospectus on 25 February 2020.
Once the initial public offering (IPO) goes through, it’ll be the sixth REIT denominated in U.S. dollars to be listed here.
According to news sources, the projected distributable income is US$24.5 million (S$34.2 million) in the 10 months from 1 March (projected listing date) to 31 December 2020.
And US$30.5 million (S$42.5 million) in 2021.
The forecasted net property income is US$33.3 million (S$46.4 million) for the same 10-month period in 2020.
And US$41.7 million (S$58.1 million) in 2021.