Pan-Asia Index Flows & Special Situations, Quiddity Advisors

Janaghan Jeyakumar, CFA

Equity Analyst with experience in fundamental and event-driven research in Frontier and Emerging markets. 

On Smartkarma, I mainly publish insights on index flow events in the Asia-Pacific region. This includes predicting regular and intra-review index changes and estimating upcoming passive flows. I also cover special situations such as mergers & acquisitions, equity offerings, buybacks, and other corporate restructuring events.

Pan-Asia Index Flows & Special Situations

Itochu Advance Logistics (3493 JP): Offering Could Trigger Outperformance Vs Peers

Mitsubishi Estate Logistics (3481 JP): Offering Could Trigger Outperformance Vs Peers Like Last Time

Quiddity Advisors

Pan-Asia Catalysts/Events

Event-Driven

Advance Logistics Investment / Event-Driven

Tokyo-based small-cap logistics REIT <a href="https://www.smartkarma.com/entities/itochu-advance-logistics-inv" target="_blank" data-smartkarma-citation="entities:28286:1" rel="noopener">Itochu Advance Logistics Inv (3493 JP)</a> ("IAL") announced a <a href="https://www.ial-reit.com/file/en-news-d51a2eb5c48ad9bd73a68cc1cd3c75cfc756aedb.pdf" target="_blank" rel="noopener">follow-on equity offering</a> on 9th November 2020 in order to fund their <a href="https://www.ial-reit.com/file/en-news-072ecf57fd374ada76ef97b70fee086657a597ca.pdf" target="_blank" rel="noopener">recent acquisition</a> of four logistics real-estate properties. 
The size of this offering could be approximately ¥15.6bn (~US$150mn) and the domestic and foreign allocations are expected to be around 95% and 5% respectively. 
The Issue price will be decided between the 16th and 18th November (typically it has been the first day of this window for most JREITs) and the application period will be the next business days immediately after the pricing date. 
More below the fold.

Tokyo-based small-cap logistics REIT Itochu Advance Logistics Inv (3493 JP) ("IAL") announced a follow-on equity offering on 9th November 2020 in order to fund their recent acquisition of four logistics real-estate properties. 
The size of this offering could be approximately ¥15.6bn (~US$150mn) and the domestic and foreign allocations are expected to be around 95% and 5% respectively. 
The Issue price will be decided between the 16th and 18th November (typically it has been the first day of this window for most JREITs) and the application period will be the next business days immediately after the pricing date. 
More below the fold. 

JREIT Offering: Itochu Advance Logistics (3493 JP) - Take It