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United Hampshire US REIT launches Singapore IPO at $1.12 per unit

Stanislaus Jude Chan
Stanislaus Jude Chan • 4 min read
United Hampshire US REIT launches Singapore IPO at $1.12 per unit
In total, gross proceeds of approximately US$394.6 million are expected to be raised from the offering, the issuance of the sponsors units, the cornerstone units and the rollover units.
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SINGAPORE (Mar 3): The manager of United Hampshire US Real Estate Investment Trust has registered the prospectus for the proposed offering and listing of units of the REIT on the Mainboard of the Singapore Exchange (SGX).

Based on the offering price of US$0.80 ($1.12) per unit, United Hampshire US REIT offers a distribution yield of 7.4% in Forecast Period 2020 (FP2020) – the 10-month period from Mar 1, to Dec 31, 2020.

Distribution yield growth is expected to be 2.7% higher at 7.6% for Projection Year 2021 (PY2021) ending Dec 31, 2021.

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