Croesus Retail Trust

Recalling local experiences with internalisation (Croesus Retail Trust) and removing a manager (Eagle Hospitality Trust)

SINGAPORE (Sept 13): Unitholders of Croesus Retail Trust on Wednesday morning voted in favour of Blackstone's $1.17 per unit cash offer to privatise the trust.

SINGAPORE (June 27): Private equity firm Blackstone Group is nearing a deal to buy Croesus Retail Trust which has called for a trading halt, reported Dow Jones.

This article appears in Issue 784 (June 19) of The Edge Singapore which is on sale now

SINGAPORE (May 15): The trustee-manager of of Croesus Retail Trust reported a DPU of 2.05 cents for 3Q17, 15.2% higher than the DPU of 1.78 cents a year ago.

SINGAPORE (March 17): Rising interest rates on the back of US Fed rate hikes should favour banks, property developers, and stocks with yield backed by net cash, says DBS Group Research.

SINGAPORE (Feb 14): Croesus Retail Trust (CRT) has announced a distribution per unit (DPU) of 1.81 cents for 2Q17 ended Dec 31.

SINGAPORE (Nov 9): Investors now have a chance to accumulate Singapore REITs while the market overshoots, according to a Tuesday report by DBS.

SINGAPORE (Oct 19): Singapore real estate investment trusts have gone from last year’s biggest losers to this year’s best performers as their world-beating yields attract investors including BNP Paribas Investment Partners to Samsung Asset Management.

SINGAPORE (Aug 29): Analysts are staying positive on Croesus Retail Trust (CRT) even after the real-estate investment trust bought out its trustee-manager for JPY 4.1 billion ($54.6 million).