Prime US Reit sets public offer at 40.9m units, cites 'strong demand'

THE manager of Prime US Reit has set the number of units under the Singapore public offer at about 40.9 million units, above the minimum offer size of 16.76 million units.

KBS US Prime Property Management announced on Tuesday in a regulatory filing that 2,708 valid applications for over 42.3 million units of Prime US Reit were received from the Singapore public at the close of the offer at noon on July 15. Given the"strong demand" from retail investors, the number of units for the public offer in Singapore has been fixed at about 40.9 million, it said, adding that this is above the minimum offer size of 16.7 million units for Singapore retail investors.sentifi.comIt is the third US office Reit to list here after Manulife US Reit and Keppel-KBS US Reit, at a price unchanged from its initial guidance at US$0.88 per unit, representing a distribution yield of 7.4 per cent in 2019, and 7.

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Keppel-KBS US Reit posts Q2 DPU of 1.5 US centsAN enlarged number of units from a rights issue, which outweighed contributions from two more recently acquired properties, led Keppel-KBS US Reit (KORE) to post a distribution per unit (DPU) in its second quarter ended June 30 of 1.5 US cents, lower than its forecast of 1.58 US cents for the period. Read more at The Business Times.
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