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NEX
REIT Watch
FCT's private placement to fund additional stake in Nex 2.5x subscribed
FCT plans to pay $523.1 million for the additional stake in Nex
January 26, 2024
REITs
FCT to acquire additional 24.5% effective stake in Nex for $523.1 mil
Following the acquisition, FCT will have an effective interest of 50.0% in the mall.
January 25, 2024
Broker's Calls
Analysts mixed on FCT's acquisition of 25.5% stake in Nex
The analysts have kept their "buy" and "hold" calls with a target price range of $2.10 to $2.60.
January 30, 2023
M&A
Mercatus divests 50% indirect stake in Nex for $652.5 mil
The stake was divested to Frasers Property and Frasers Centrepoint Trust.
January 26, 2023
REITs
S-REITs could balk at price of Mercatus malls but sponsors could be interested, UBS says
As Mercatus reportedly puts up 4 malls for sale, UBS suggests interest from sponsors of the largest S-REITs
June 21, 2022