Croesus Retail Trust (CRT)

SINGAPORE (Jan 12): Last September, Croesus Retail Trust (CRT) was taken private by Blackstone Group at a higher price than it ever garnered in the public market.

SINGAPORE (Aug 18): The trustee-manager of Croesus Retail Trust (CRT) has announced a distribution per unit (DPU) of 2.01 cents for the 4Q17 ended June.

SINGAPORE (July 3): There was little to suggest that Croesus Retail Trust would leave any significant mark on the local real estate investment trust sector when it listed in 2013. For starters, it is not even a REIT. It is a business trust that simply cho

SINGAPORE (June 29): RHB is upgrading Croesus Retail Trust (CRT) to “take profit” from “neutral”  following a proposed acquisition of all its issued units by Cyrus BidCo, a company incorporated in Singapore by funds advised by Blackstone Real Est

SINGAPORE (June 28): Affiliates of Blackstone Real Estate have proposed to acquire all the issued units in Croesus Retail Trust (CRT) by way of a trust scheme for a consideration of $1.17 in cash per unit.

SINGAPORE (June 1): Croesus Retail Asset Management, the trustee-manager of Croesus Retail Trust (CRT) announced that global fashion retailer H&M Hennes & Mauritz AB will open a new store in Mallage Shobu mall in Tokyo.

SINGAPORE (May 16): RHB Research has downgraded Croesus Retail Trust to “neutral”, from “buy” previously, with a higher target price of $1.00, after hitting its previous target price of 97 cents.

SINGAPORE (April 26): The trustee-manager of Croesus Retail Trust, says it has been approached in connection with a potential transaction which may or may not lead to an acquisition of all the issued units in CRT.

SINGAPORE (Feb 15): CIMB Research is maintaining its “add” call on Croesus Retail Trust (CRT) with an unchanged target price of 98 cents, following a strong quarter where the REIT reported a 5.2% DPU increase to 1.81 cents for 2Q17.

SINGAPORE (Nov 15): DBS Group Research is keeping Croesus Retail Trust at “buy” with an unchanged target price of 99 cents following 1Q17 results that were “in line with expectations”.