- The IPO Price will be USD0.80 or SGD1.12
- There will be 87,829,600 units on offer. 80,329,600 units are reserved for the placement tranche, with only 7,500,000 units will be offered to the public.
- This implies a market capitalisation of USD394.6m or SGD552.5m, which makes Hampshire REIT a small cap REIT.
- Applications are now open and will close on 10 March 12pm.
Recent S-REIT IPOs seem to be a competition of who’s “The First” in something. Last year, we had the first US-focused Hospitality REITs in ARA US Hospitality Trust and Eagle Hospitality Trust. This year saw the first UK-focused office REIT in Elite Commercial REIT.
This string of firsts continues with the next S-REIT IPO – United Hampshire US REIT (Hampshire REIT). The REIT brings 2 new asset classes to the S-REIT market – US-focused Grocery anchored Malls and Self-storage properties.
The question as usual is whether they are worth investing in. Let’s take a closer look.
IPO Overview
Here is a brief overview of the offering details: