What is the risks involve....
Anybody can share share their views???
Hi Dolphin, this REIT is perpetual. It will be listed on SGX and anyone can buy & sell.
This trust will give regular quarterly dividends, but take note that share price can fluctuate wildly especially during financial crisis. To give an example, here are 2 similar trusts history:
Capita Commercial Trust.
Peak Value of $2.41 in Jun 2007. Lowest value of $0.43 in Dec 2008 during the financial crisis (loss of 83%). Right now current price of $1.40 is still 40% below peak price.
Mapletree logistics Trust.
Peak Value of $1.47 in July 2007. Lowest value of $0.31 in Dec 2008 during the financial crisis (loss of 79%). Right now current price of $0.90 is still 40% below peak price.
SGX listed reits as an asset class so far does not have a good track record
. Current prices of most reits have not recovered to 2007 levels.
I PM'ed you separately over the weekend.