United Urban - Minimal Accretion; In-Line Valuation
United Urban plans to raise US$150m mostly to repay debt. This is the second fund-raise for the stock this year. We had covered the earlier...
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United Urban - Raising to Mostly Pay Down Debt; Good Track Record and past Deal Performance
United Urban plans to raise US$321m in order to funds its purchase of Kawagoe logistics centre (around 25% of proceeds will be used for this), with...
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Hulic REIT - Accretive but Large Placement
Hulic REIT plans to raise US$280m, in order to funds its increase in stake in an existing asset, as well as purchase of two new assets.The deal...
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Orix JREIT - Its that Time of the Year Again
Orix JREIT plans to raise US$135m/JPY15bn in order to acquire two properties. The company has been issuing equity to acquire new assets, every year...
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Acquiring more assets with minimal DPU impact from placement
We would take the deal at strikeProceeds from the deal are likely to be used to acquire new properties, as well as pay down debt. The DPU impact...
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