Asia Pac IPO & Placement Research, China biotech, Aequitas Research

Ke Yan, CFA, FRM

Asia Pac IPO & Placement Research, China biotech

Smartkarma

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Equity Capital Markets

Aeon Reit Investment / Equity Capital Markets

<p><a href="https://www.smartkarma.com/entities/11010" target="_blank" data-smartkarma-citation="entities:11010:1">Aeon Reit Investment Corp (3292 JP)</a> is raising US$354m in an international and domestic offering to fund its acquisition of 4 properties. </p><p>The deal scores a marginal positive score on our framework. It is increasing DPU by 5%. However, investors should take note of the large deal size relative to its liquidity. </p><h2>Placement Specifics</h2><ul>
<li>Company Name: AEON REIT Investment Corp</li>
<li>Ticker: 3292 JP</li>
<li>Primary placement -Japan Global Offering</li>
<li>Settlement is longer than normal, with stock settling on 23 Feb, 2017</li>
<li>…</li>
</ul>

Aeon Reit Investment Corp (3292 JP) is raising US$354m in an international and domestic offering to fund its acquisition of 4 properties. The deal scores a marginal positive score on our framework. It is increasing DPU by 5%. However, investors should take note of the large deal size relative to its liquidity. Placement Specifics
Company Name: AEON REIT Investment Corp
Ticker: 3292 JP
Primary placement -Japan Global Offering
Settlement is longer than normal, with stock settling on 23 Feb, 2017
…


AEON Reit Placement: DPU Accretive, But Take Note of the Deal Size

Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

Kenedix Retail REIT / Equity Capital Markets

<p>Kenedix Retail plans to raise JPY17bn (US$155 million) in order to fund its acquisition of seven additional properties worth JPY27.1bn. </p><p>The deal scores a positive score on our framework as valuations appear reasonable, the acquisition will be accretive to earnings, past deal has done well and recent price momentum remains strong. </p><h2>Deal overview</h2><ul>
<li>Company Name: Kenedix Retail REIT Corp</li>
<li>Ticker: 3453 JP Equity</li>
<li>Primary placement -Global Offering</li>
<li>Settlement is longer than normal, with stock settling on 21…</li>
</ul>

Kenedix Retail plans to raise JPY17bn (US$155 million) in order to fund its acquisition of seven additional properties worth JPY27.1bn. The deal scores a positive score on our framework as valuations appear reasonable, the acquisition will be accretive to earnings, past deal has done well and recent price momentum remains strong. Deal overview
Company Name: Kenedix Retail REIT Corp
Ticker: 3453 JP Equity
Primary placement -Global Offering
Settlement is longer than normal, with stock settling on 21…


Kenedix Retail REIT - IPO and past Deal Has Done Well, Valuation Remains Undemanding

Japan

AEON REIT Investment Corporation is a real estate investment trust (REIT) which invests in securitized real estate products. The REIT mainly invests in suburban shopping centers.

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Aeon Reit Investment (3292 JP)

AEON Reit Placement: DPU Accretive, But Take Note of the Deal Size

Aeon Reit Investment Corp (3292 JP) is raising US$354m in an international and domestic offering to fund its acquisition of 4 properties. The deal...

Ke Yan, CFA, FRM

Kenedix Retail REIT - IPO and past Deal Has Done Well, Valuation Remains Undemanding

Kenedix Retail plans to raise JPY17bn (US$155 million) in order to fund its acquisition of seven additional properties worth JPY27.1bn. The deal...

Sumeet Singh

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)