Comforia Residential REIT

Comforia Residential REIT (3282 JP):  Offering Could Trigger Outperformance Vs Comps

Event-Driven
319 Views, 06 Jan 2022 16:09
EXECUTIVE SUMMARY
  • Yesterday after the close, Comforia Residential REIT (3282 JP) ("CRR") announced a follow-on equity offering to fund part of their recently announced property acquisition. 
  • The primary offer quantity is 22,960 units. In addition, there will also be an over-allotment quantity of 1,140 units. The total size of this offering could be roughly ¥7.4bn (~US$64mn). 
  • Below, we take a look at the attractiveness of CRR's latest offering with greater emphasis on the potential for strong post-offering secondary market performance.
detail (6-minute read)
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Janaghan Jeyakumar, CFA
Equity Analyst, Event-driven
Quiddity Advisors
EquitiesEvent-Driven

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

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