Comforia Residential REIT Watchlist
Comforia Residential REIT (3282 JP): Offering Could Trigger Outperformance Vs Comps
319 Views, 06 Jan 2022 16:09
- 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.