When LREIT announced the PLQ Mall acquisition and preferential offering on 25 February, I jotted down a few quick thoughts to myself.
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I had five rough conditions in my head for why I wouldn’t be putting money back in. Then life got in the way, the Iran situation escalated, markets got rattled, and LREIT’s price dropped from the low 60s to S$0.56 as of today, 10 March 2026, right when the preferential offering opens.
So here I am, finally banging out the post. The rights issue is live: 119 new units for every 1,000 held, at S$0.558 each. LREIT is trading at basically the same price as the offering. Holders might be better off buying on the open market than subscribing.
I’ve followed LREIT closely for years, written about it many times, owned it, and sold everything during the runup to S$0.65 in October 2025.
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