atans1

Posts Tagged ‘Far East Reit’

Far East Reit refuses to increase yield

In Property, Reits, Uncategorized on 06/08/2012 at 6:30 am

Here I prophesised that Far East Reit would be forced to increase the expected yield on its trust from a niggardly 6-6.5%.

Well Morocco Mole (sidekick to Secret Squirrel) tells me that the Reit, which owns hotels and serviced residences in Singapore has not changed its pricing, despite CDL’s yield of 6ish% and Ascendas Hos of almost 8%.

So don’t subscribe if you are hoping for a pop in the price on listing day. CDL looks a better yield play. Got public track record.

Related post: http://atans1.wordpress.com/2012/07/30/ascendas-hospitality-trust-surprises/

Far East Reit: Cheapskate

In Property, Reits on 24/07/2012 at 7:50 am

Far East Reit which owns hotels and serviced residences in Singapore, is being marketed at a yield of 6-6.5% Compares unfavourably about 7.9% offered for Ascendas Hospitality Trust (at issue price: expect it to fall to 6ish level when trading starts i.e. price moves up) and 6% for CDL Hospitality Trust

http://www.reuters.com/article/2012/07/20/us-fareast-reit-ipo-idUSBRE86J04L20120720

Bet you the yield will have to be improved (giving room for some capital gains) for the institutions.

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