Anonymous
(IPO Discussion): Elite Commercial REIT IPO ?
Discuss anything about the latest up and coming IPO! From share price, dividends, yield, ratios, fundamentals, technical analysis and if you would buy or sell this stock on the SGX Singapore markets. Do take note that the answers given by our members are just your opinions, so please do your own due diligence before making an investment!
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Billy
20 Jan 2020
Development & Acquisitions Manager at Real Estate Private Equity
£0.68 per share works out to approximately $1.20SGD. I guess the quality of the REIT is priced into the IPO price. REIT IPOs are seldom more than $1, usually along the ranges of $0.80 - $0.90. But having 97 properties in this portfolio, with a WALE of 8.7 years with a projected yield of 7.1% for the first year, my take is that it's going to be another popular IPO that will be oversubscribed
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Elite commercial is an upcming REIT that plans to list in Singapore. Its property portfoilo is mainl...
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