Head of Research, IPOs & Placements, Aequitas Research

Sumeet Singh

Head of Research, IPOs & Placements

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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

Frontier Real Estate Investment Corporation is a real estate investment trust (REIT) which invests in securitized real estate products.  The Company mainly invests in commercial buildings in metropolitan area and local cities.

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Frontier Real Estate Invest (8964 JP)

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

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