Vista REIT

Vista REIT IPO - Smallest of the Lot, Sector Has Been Under Pressure

Equity Capital Markets
285 Views, 11 May 2022 15:42
EXECUTIVE SUMMARY
  • Vista REIT (VR PM) is looking to raise about US$158m in its Philippines IPO. This would be a 100% secondary selldown by the Sponsors. 
  • VREIT's larger assets have seen their occupancies dwindle since FY19. A bulk of its office tenants are up for expiry in FY22 and sector momentum hasn’t been the greatest.
  • VREIT would also hold the smallest portfolio in terms of appraised valuation and would be the smallest REIT, as per mcap.
detail (5-minute read)
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Clarence Chu
APAC IPOs & Placements
Aequitas Research
EquitiesEquity Capital Markets

At Aequitas we cover all IPOs and placements across Asia-Pac with a deal size of at least US$100m. As of Dec 2020, our t... 

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