Pan-Asia Catalysts/Events, Quiddity Advisors

Travis Lundy

Pan-Asia Catalysts/Events

Quiddity Advisors

Equity Capital Markets

Lasalle Logiport REIT / Equity Capital Markets

On the 4th of September, <a href="https://www.smartkarma.com/entities/lasalle-logiport-reit" target="_blank" data-smartkarma-citation="entities:22658:1" rel="noopener">Lasalle Logiport Reit (3466 JP)</a><a href="http://lasalle-logiport.com/file/en-news-a59b3d46e380946ab4e8b7292dcc4a97f60d0deb.pdf" target="_blank" rel="noopener">announced</a> an Offering to sell 145,714 units and 7,286 units in an Overallotment in an offering worth just over ¥20bn which would finance the <a href="http://lasalle-logiport.com/file/en-news-16a85f8b2e83de6bbe3182f3c19d3c2e7fe27c61.pdf" target="_blank" rel="noopener">purchase of partial beneficiary interests</a> in two LOGIPORT assets (one in Osaka, one in Hyogo) from its sponsor.This is the REIT's second follow-on offering since its IPO three years ago. Logistics REITs continue to grow faster than the market as a whole and LaSalle Logiport has a relatively 'active' way of thinking about capital management. I would continue to expect follow-on offerings which are accretive, but in the meantime this one is good to take.Read on for more analysis of the REIT, its portfolio, its trading history vs peers, its peers, etc.

On the 4th of September, Lasalle Logiport Reit (3466 JP)announced an Offering to sell 145,714 units and 7,286 units in an Overallotment in an offering worth just over ¥20bn which would finance the purchase of partial beneficiary interests in two LOGIPORT assets (one in Osaka, one in Hyogo) from its sponsor.This is the REIT's second follow-on offering since its IPO three years ago. Logistics REITs continue to grow faster than the market as a whole and LaSalle Logiport has a relatively 'active' way of thinking about capital management. I would continue to expect follow-on offerings which are accretive, but in the meantime this one is good to take.Read on for more analysis of the REIT, its portfolio, its trading history vs peers, its peers, etc.

LaSalle Logiport REIT (3466): Active Management Gets You An Accretive Follow-On

IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

IPOs and Catalysts/Events

Uncompromised, Independent, Conflict-Free Research

Global Equity Research Ltd

Global Equity Research was started in 2017 by a group of experienced research professionals. It was founded on a passionate belief in the importance and the need for uncompromised, independent, conflict-free research. We aim to provide differentiated and actionable primary and bottom up fundamental research.

<a href="https://www.smartkarma.com/entities/lasalle-logiport-reit" target="_blank" data-smartkarma-citation="entities:22658:1" rel="noopener">Lasalle Logiport Reit (3466 JP)</a> /LLR unveiled plans to raise around ¥20.6 billion ($150 million) through a public offering of 145,714 units, based on a minimum 2.5% discount to the last close price.<div class="content-highlight">The proceeds from the placement will be used to partly fund the ¥35.1 billion ($330 million) acquisitions of two properties. Overall, we believe that the acquisitions are sensible, and would participate in the offering at around 5% discount to the last close price.</div>

Lasalle Logiport Reit (3466 JP) /LLR unveiled plans to raise around ¥20.6 billion ($150 million) through a public offering of 145,714 units, based on a minimum 2.5% discount to the last close price.The proceeds from the placement will be used to partly fund the ¥35.1 billion ($330 million) acquisitions of two properties. Overall, we believe that the acquisitions are sensible, and would participate in the offering at around 5% discount to the last close price.

LaSalle Logiport REIT Offering: Go for It

Japan

CRE Logistics REIT, Inc. is a real estate investment trust (REIT) that invests in real estate properties used for logistics facilities.

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CRE Logistics REIT (3487 JP)

LaSalle Logiport REIT (3466): Active Management Gets You An Accretive Follow-On

On the 4th of September, Lasalle Logiport Reit (3466 JP)announced an Offering to sell 145,714 units and 7,286 units in an Overallotment in an...

Travis Lundy

LaSalle Logiport REIT Offering: Go for It

Lasalle Logiport Reit (3466 JP) /LLR unveiled plans to raise around ¥20.6 billion ($150 million) through a public offering of 145,714 units, based...

Arun George

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