Ascendas REIT Placement - Smaller than the Last Deal, Should Be Accretive as Well

Capitaland Ascendas REIT Placement - Good Track Record and Most Deals Have Performed Well

Trade Ideas SG Industrial REITs - Bigger Names Have Been Holding up a Little Too Well

Trade Ideas SG Office REITs - This Time It's Different

Trade Ideas for SGREITs - Retail REITs Share Price Has Been More Resilient than It Should Be

APAC IPOs & Placements

Zhen Zhou, Toh

IPOs and Placements coverage across Asia Pacific

Aequitas Research

We cover all listing across the Asia Pacific along with follow-up placements. As of Dec 2020, our team had covered 539 IPOs with a hit rate of 73.5% and 685 placements with a hit rate of 66.8%.

We combine fundamental bottom-up views with our proprietary quantitative framework to provide a holistic coverage across new listings and placements. Our coverage includes pre-IPO notes before the deal is launched, follow-up analysis once the deal is live and post-listing trading analysis as well.

Equity Capital Markets

CapitaLand Ascendas REIT / Equity Capital Markets

<a href="https://www.smartkarma.com/entities/ascendas-real-estate-investment-trust" target="_blank" data-smartkarma-citation="entities:39:1" rel="noopener">Ascendas Real Estate Investment Trust (AREIT SP)</a> is raising up to US$916m (S$1,234m) to acquire various properties.Overall, the deal scored well on our framework owing to the good track record and momentum but it was dragged down by its large deal size.Our previous coverage:<ul>
<li><a href="https://www.smartkarma.com/insights/areit-placement-expected-to-be-dpu-accretive-but-the-acquisition-might-take-a-while" target="_blank" rel="noopener">AREIT Placement - Expected to Be DPU Accretive but the Acquisition Might Take a While</a></li>
<li><a href="https://www.smartkarma.com/insights/areit-paying-for-acquisition-with-only-equity-doesn-t-add-up-dpu-to-fall-by-3-4" target="_blank" rel="noopener">AREIT - Paying for Acquisition with Only Equity Doesn’t Add Up, DPU to Fall by 3-4%</a></li>
</ul>

Ascendas Real Estate Investment Trust (AREIT SP) is raising up to US$916m (S$1,234m) to acquire various properties.Overall, the deal scored well on our framework owing to the good track record and momentum but it was dragged down by its large deal size.Our previous coverage:
AREIT Placement - Expected to Be DPU Accretive but the Acquisition Might Take a While
AREIT - Paying for Acquisition with Only Equity Doesn’t Add Up, DPU to Fall by 3-4%


Ascendas REIT Placement - Multiple Acquisitions to Be Made, Starting From US Office Properties