IPOs and Catalysts/Events, Global Equity Research Ltd

Arun George

Arun has over 15 years’ experience covering the Technology sector. During this time, he has worked with technology start-ups and as an equity analyst in investment banks and independent research firms. He was formerly a Technology Analyst for Canaccord Genuity, Altium Securities, Espirito Santo Investment Bank, Noble Group and Clear Capital. He has a dual Master’s degree in Financial Engineering and Industrial and Operations Engineering from the University of Michigan. He obtained his Bachelor’s degree in Mechanical Engineering from the Indian Institute of Technology, Bombay. He is also a CFA charterholder.

IPOs and Catalysts/Events

AyalaLand REIT (AREIT) IPO Initiation: The REIT Idea?

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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.

Equity Capital Markets

Areit (AyalaLand REIT) / Equity Capital Markets

<div><p><a href="https://www.smartkarma.com/entities/ayalaland-reit-areit" target="_blank" data-smartkarma-citation="entities:28856:1" rel="noopener">AyalaLand Reit (AREIT) (AREIT PM)</a> is a real estate company established in the Philippines by <a href="https://www.smartkarma.com/entities/ayala-land-inc" target="_blank" data-smartkarma-citation="entities:131:1" rel="noopener">Ayala Land Inc (ALI PM)</a>, the leading and most diversified real estate conglomerates in the Philippines. It has won preliminary approval for an IPO in the Philippines to raise PHP13.7 billion ($284 million) through the selling of 456.9 million units at PHP30.05 per unit. The offer period is set from 27 July to 31 July. </p></div><div><div><div class="content-highlight"><p>In <a href="https://www.smartkarma.com/insights/ayalaland-reit-areit-ipo-initiation-the-reit-idea" target="_blank" rel="noopener">our initiation note</a>, we noted that AREIT offers an attractive value proposition for investors willing to invest in a niche segment of the Asian REIT sector. Our valuation analysis suggests that the IPO price is reasonable. </p></div></div></div>

AyalaLand Reit (AREIT) (AREIT PM) is a real estate company established in the Philippines by Ayala Land Inc (ALI PM), the leading and most diversified real estate conglomerates in the Philippines. It has won preliminary approval for an IPO in the Philippines to raise PHP13.7 billion ($284 million) through the selling of 456.9 million units at PHP30.05 per unit. The offer period is set from 27 July to 31 July. In our initiation note, we noted that AREIT offers an attractive value proposition for investors willing to invest in a niche segment of the Asian REIT sector. Our valuation analysis suggests that the IPO price is reasonable. 

AyalaLand REIT(AREIT) IPO: 가치 평가 통찰력