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Eagle Hospitality Trust (EHT)
REITs
Scrutiny on Queen Mary warrants closer look at EHT’s portfolio
SINGAPORE (Nov 4): Eagle Hospitality Trust did not have an auspicious beginning on the Singapore Exchange. Apart from the retail portion’s not being fully subscribed, EHT securities fell below the IPO price of 78 US cents on the first day of trading on
November 01, 2019
Global Markets
Briefs
SINGAPORE (Oct 28): “Closing the gaps requires both jobseekers and employers to be more open and flexible.” – Singapore’s Manpower Minister Josephine Teo, on the widening mismatch between job seekers and openings available
October 25, 2019
REITs
Eagle Hospitality Trust could get wings clipped as key asset The Queen Mary sinks into disrepair
SINGAPORE (Oct 23): The Queen Mary Long Beach, a decommissioned ocean liner that has now been converted into a 347-room upscale hotel in California, is one of the key assets in the 18-property portfolio of Eagle Hospitality Trust.
October 23, 2019
Results
Eagle Hospitality Trust maiden DPU of 0.65 US cent beats forecast
SINGAPORE (Aug 14): The trustee-managers of Eagle Hospitality Trust (EHT) has declared a DPU of 0.650 US cent for the period from its May 24 listing date to June 30. This was 1.2% higher than the projected DPU of 0.642 US cent.
August 14, 2019
Yield watch
EHT trades at 9% yield and discount to book as its manager waits for ship to come in
Testing valuations
“We took corrosion away and put anti-corrosion paint and fortified the hull. The priority of the US$23 million was the structural integrity of the hull and anything related to safety, specifically fire, and we put in US$3 milli
June 28, 2019
IPO
SGX ranks among top 10 exchanges in IPO proceeds for 2Q: EY
SINGAPORE (June 27): The Singapore Exchange (SGX) ranked 10th among exchanges around the world in terms of initial public offering (IPO) proceeds for 2Q19, thanks to sizeable IPOs by two real estate investment trusts.
June 27, 2019
Markets
US ban on Huawei unnerves markets; more REIT listings in the pipeline?
SINGAPORE (May 27): The US’ decision to include Huawei Technologies on its US Entity List has added fuel to the trade tensions between itself and China.
May 27, 2019
IPO
Eagle Hospitality Trust offers highest forecast yields among hospitality trusts and opportunities for growth
(May 27): Eagle Hospitality Trust, the second Singapore real estate investment trust (REIT) to list within a month, starts trading at 2pm on May 24, after this paper goes to print, following the IPO offer of 580.56 million stapled securities to raise arou
May 27, 2019