Metro Holdings

[GFG]

The fact is Metro doesn't own a property in Singapore, even can put all overseas properties into a reit , the reit will not enjoy certain tax benefit.

The idea of REIT is not for tax benefit right?
Isn't it a way to monetize the asset, as well as unlock shareholder value if the share price is below the NAV?

I am guessing as most properties r overseas, management feels it is difficult to sell into a REIT as many ppl don't know the property and thus we r unlikely to get a gd price