WeWork’s $47 Billion IPO Failure Is A Lesson In Corporate Governance for Retail Investors

Click on WeWork’s $47 Billion IPO Failure Is A Lesson In Corporate Governance for Retail Investors
for the source.
https://www.drwealth.com/wp-content/uploads/cropped-drwealth-favicon-32×32.jpg Author: Irving Soh

*this article was written prior to WeWorks’s withdrawal from IPO. Adam Neumann, the ex-CEO of … Read more >>
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Lendlease Global Commercial REIT IPO Prospectus and Summary

Click on Lendlease Global Commercial REIT IPO Prospectus and Summary
for the source.
Author: Marubozu

Overview of Lendlease Global Commercial REIT

Lendlease Global Commercial REIT (“Lendlease Global REIT”) is a Singapore real estate investment trust (“REIT”) established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally that are used primarily for retail and/or office purposes as well as real estate-related assets in connection with the foregoing. The Manager is Lendlease Global Commercial Trust Management Pte. Ltd., an indirect wholly-owned subsidiary of the Sponsor

Lendlease Global Commercial REIT IPO Listing in Singapore

 

  • Type = Commercial + Retail Malls
  • Sponsor = Lendlease Corporation Limited. (Sponsor will subscribe about 27.2% of the total units.)
  • Total Units Offered = 387,474,987 units (to raise S$341.0 Million)
  • Portfolio = 1 retail property in Singapore (71.5%); 1 commercial office property (Grade A Freehold) in Milan, Italy (28.5%)
  • Portfolio Size = S$1.403 Billion
  • IPO Offer Price = S$0.88
  • NAV per unit = S$0.8134
  • Price / NAV = 1.082
  • Distribution Yield = 5.8% (2020), 6.0% (2021)
  • Distribution Policy = 100% for 2020 & 2021. At least 90% thereafter. Semi Annual Payout.
  • Occupancy Rate = 99.9%
  • WALE = 4.9 Years
  • Gearing Ratio = 36.4%
  • WADM = 3.8 Years
  • Offer Closing Date: Sep 30, 2019, 12pm
  • Listing Date: Oct 2, 2019, 2pm
  • Lendlease Global Commercial REIT IPO Prospectus

PORTFOLIO

 

TENANT / SECTOR DIVERSIFICATION

LEASE EXPIRY PROFILE

INCOME PROJECTION

TRUST STRUCTURE

INDICATIVE TIME TABLE

 

Compare to other Singapore REITs here.

 

If you need an independent professional review on your current REIT portfolio and need any recommendation, you may engage me in the REIT portfolio Advisory. REITs Portfolio Advisory.  http://mystocksinvesting.com/course/private-portfolio-review/