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Who's the best friend of REITs?

Goola Warden
Goola Warden6/28/2019 04:12 PM GMT+08  • 2 min read
Who's the best friend of REITs?
SINGAPORE (June 28): Singapore REITs raised $1.35 billion through placements in the first half of this year, that was used mainly for acquisitions.
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SINGAPORE (June 28): Singapore REITs raised $1.35 billion through placements in the first half of this year, that was used mainly for acquisitions.

In general, these acquisitions have been accretive to distribution per unit (DPU).

Among them, Frasers Centrepoint Trust (FCT) and ESR-REIT announced placements and preferential equity offerings in Singapore dollars to acquire Singapore assets.

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