Yes yen is dropping, but as for saizen reit, a dual edged sword. This piece of news did not come as a surprise to heartland boy as. As a service to our clients, sabal trust is pleased to provide the prospectus on the money market funds we offer. Briefcroesus retail trust announces proposed acquisition by. Croesus retail trust crt is the first asiapacific retail business trust with an initial portfolio located in. Croesus retail trust, the first of its kind on the sgx, will begin with an initial portfolio of 4 shopping mall. Croesus retail trust is the first asiapacific retail business trust with an initial portfolio. Retail trust crtor croesus retail asset management pte. We believe the perception of a greater alignment between the interest of croesus retail trust crts unitholders and management following crts move to be the first internally managed trust will help close the discount to our tp.
Before we go any further, i would also like to point out that in the prospectus, 2018 is a forecast period while 2019 is a projection year. Croesus retail trust is a business trust listed on the sgx in 20. Croesus retail trust crt is a business trust listed on the sgxst in may 20. Crts principal investment strategy is to invest in a diversified portfolio of predominantly retail real estate assets located in japan and across the asiapacific region and real estaterelated assets. They are both business trust not reits, highly geared and most importantly offering a. Dividend policy croesus retail trust intends to distribute 100% of distributable income to its unitholders in fy2014 and fy2015. The portfolio totals 426,314 sqm by nla, with 5 properties located in the greater tokyo region while the remainder are located in. About croesus retail trust croesus retail trust crt is the first sgxlisted asiapacific retail business trust with a portfolio located in japan. It is the first retail business trust with properties in japan to be listed in singapore. Full details of the funds are set out in appendix 1.
Croesus retail trust crt ipo prospectus, nav, dpu, gearing. However, from figure 6 the dark green line, retail floor space has grown and is on a upward trend. The only china retail property trust providing direct. Offer price represents a 38% premium to oneyear vwap and 23% premium to net asset value nav as at 31 march 2017. The funds are subject to the rules of the fca as set out in the coll sourcebook.
Croesus retail trust croesus retail trust crt is the first asiapacific retail business trust with an initial portfolio located in japan listed on singapore exchange securities trading limited the sgxst. Unlock charts on crunchbase charts can be found on various organization profiles and on hubs pages, based on data availability. Croesus retail trust is a real estate investment firm specializing investments in diversified portfolio of predominantly retail real estate assets located in japan and across the asiapacific region and real estaterelated assets relating to the foregoing. Blackstones proposed privatisation of croesus retail trust. Mar 16, 2016 croesus retail trust crt is a business trust listed on the sgxst in may 20.
Below is a screenshot from page 42 sheet 51 on the pdf of the prospectus with the eps information shown. Croesus retail trust 1reports 4q fy2017 available dpu of. They are both business trust not reits, highly geared and most importantly offering a 8% yield. May 05, 20 croesus retail trust this may, we will be seeing ipo of asian pay tv and croesus retail trust crt. With their properties in japan, croesus retail trust be worth a deeper look. I am wondering how can the trust have a yield of 8% when the pe is more than 20. Croesus retail trust 15 april 2014 page 2 company overview croesus retail trust crt is the first asia pacific retail business trust with an initial portfolio located in japan, to be listed in sgx. Similar to the investment objective of a real estate investment trust reit, crts main strategy is to invest in a diversified portfolio of retail real estate located in the asiapacific region.
I see, thank you so much 86 cents seems quite cheap at over 8% yield maybe i shall buy a bit try try haha croesus. Crts principal investment strategy is to invest in a diversified portfolio of predominantly retail real estate assets located. Proposed acquisition of all the issued units in croesus retail trust. The lodgment with or registration by mas of an offer document does not imply that all relevant legal and regulatory requirements have been complied with. May 12, 2020 croesus retail trust all sec filings breakout by marketwatch. Number of unitholders based on 2016 annual report of croesus retail trust. Historical 12month distribution rate of trust holdings. As seen from figure 5, the total retail sales of japan since 2001 has been flat. Croesus retail trust manages and operates a portfolio of 8 suburban malls and collects rents from the tenants of the malls. Mas does not take any responsibility for the contents of any offer document nor recommend or endorse any offer made therein.
Crorf croesus retail trust sec filings marketwatch. Securities and exchange commission reporting information. Keppelkbs us reits current yield and forward yield are based on its prospectus fy18 and fy19 forecasted dpu figures, respectively. Croesus retail trust has been making headlines lately which show that the company is on the up and up. Use the pitchbook platform to explore the full profile. Bulk of debt maturing in fy17 refinanced in january 2017. The ipo will close on 8 may 20 12pm and be listed on 10 may 20 at 2pm. Cost savings from internalization also improved earnings. Prospectuses and profile statements which have been lodged with. Initiation report on croesus retail trust heartland boy. Sponsor undertakings further demonstrate longterm support. These rents, after netting operating expenses, are then paid out to unitholders. Croesus retail trust is the first asiapacific retail business trust with an initial portfolio located in japan to be listed on the sgxst.
Croesus retail trust prospectus dated 2 may 20 evertrust asset management pte. Driven by new acquisitions and cost savings from manager internalisation. Croesus retail trust is one which i recently bought and sold quickly due to change of. Confirming market speculation, croesus retail trust crt on wednesday said that a company incorporated by funds advised by blackstone real estate has made an offer for all the units in crt. Retail authorised unit trusts prospectus 02 march 2020. This document is the prospectus of the authorised unit trust schemes detailed in this prospectus referred to herein as the funds, valid as at the date specified on the cover of this document.
Dividend policy croesus retail trust intends to distribute 100% of distributable income to. Croesus retail trust ipo projects 8 percent yield reitsweek. Should i accept blackstone cash offer for croesus retail trust. Singapore, 18 august 2017 croesus retail asset management pte. The purpose of our prospectus is to describe the money market cash equivalent investment options offered, so that the individuals, families and organizations we serve can view their investment options.
In november, the straits times said crt reported a 9. Croesus retail trust, the first of its kind on the sgx, will begin with an initial portfolio of 4 shopping mall properties in the regions of kanto and kansai. The company invests in diversified portfolios of retail real estate and other related assets located in the asiapacific region. Croesus retail trust is not and has not engaged in any legal or arbitration proceedings in past 12 months, it says.
Information on valuation, funding, acquisitions, investors, and executives for croesus retail trust. Crt is principally focused on investing in a diversified portfolio of predominantly retail real estate assets located in the asia pacific region, with an initial focus on japan. A copy of this prospectus has been lodged on 28 december 2016 with and. Croesus retail trust operates as a real estate investment trust. Croesus retail trust all sec filings breakout by marketwatch. Croesus retail trust financial results for the period from 10 may 20 to 31 march 2014 15 may 2014 the financial results presented in this presentation are for the period from 10 may 20 being the official listing date the listing date of croesus retail trust crt to 31 march 2014. On a positive note, crt mentioned in its 2015 annual report that the. Croesus retail trust 1reports 4q fy2017 available dpu of 2.
The japanese govs qe program may result in asset inflation. Act, chapter 31a of singapore the business trusts act or bta. Croesus retail trust the trust is a singaporebased retail business trust with a portfolio located in japan. Actually we will have to wait a while more than that. Further details can be found on page 272 of the prospectus. Crts principal investment strategy is to invest in a diversified. About croesus retail trust crt crt is the first asiapacific retail trust with an initial portfolio located in japan to be listed on the sgxst. Crorf stock price croesus retail trust stock quote u. Croesus retail trust was founded on may 7, 2012 and is based in singapore. Prospectus japan retail sales japans retail sales rose 2. Croesus retail trust achieves 1h fy2017 dpu growth of 7.
1551 349 773 671 1483 452 5 1596 861 250 1564 1376 543 224 1023 29 1466 712 1312 42 352 183 391 564 213 36 1183 695 832 933 450 1043 872 1403 148 1304 807 1105 795 1486 1454 750 1234 275 1341 691 779 347 188