Viva Industrial Trust

[thor666]

http://infopub.sgx.com/Apps?A=COW_CorpAn...c167d4ee86

Ratings downgrade.


Sent from my iPad using Tapatalk

[greengiraffe]

http://infopub.sgx.com/Apps?A=COW_CorpAn...cement.pdf

VIT SUCCESSFULLY COMPLETES PRIVATE PLACEMENT
OF S$37.7 MILLION

Successfully places out 52,047,200 new stapled securities (the “New Stapled
Securities”) at an issue price of S$0.725 per New Stapled Security to raise gross
proceeds of approximately S$37.7 million, as part of a broader Equity Fund Raising
exercise

Strong support from Home-Fix D.I.Y and Meiban Investment who are vendors of the Tai
Seng Avenue and Ubi Road industrial properties that VIT is acquiring

all the pattern out... no $ they get vendor of properties that they acquired to take up new units

[punklitez]

Initiation report on Viva Industrial Trust.

https://heartlandboy.com/viva-industrial...on-report/

based on purchase price in January 2017 at $0.765 cents, dividend yield would be 9.1%. Several DPU growth drivers are: 

1) More rental revenue coming in from the AEI at Viva Biz Park. For instance, only 58% contributed to revenue in 4Q16 even though pre-committed occupancy has reached 95%. 
2) Positive rental reversions expected at Viva Biz Park and UE BizHub as underlying rents at these buildings are lower than passing rents. Viva Biz Hub had suffered from market cynicism whether its AEI would be successful while UE BizHub had suffered from construction works of Downtown Line 3. These causes will be eradicated this year and unitholders should benefit from higher rents.

[laksaman57]

https://www.theedgesingapore.com/viva-in...1861-cents

[cyclone]

https://www.theedgesingapore.com/viva-in...1861-cents

Please provide some descriptive text for the link. Do not just post the link. Thanks.

[cyclone]

ESR-REIT announces merger plans with Viva Industrial Trust

By: PC Lee
29/01/18, 02:10 pm

SINGAPORE (Jan 29): ESR-REIT has announced details of a plans for its merger with Viva Industrial Trust (VIT).

The proposed merger will be effected through the acquisition by ESR-REIT of all the VIT stapled securities held by its stapled securityholders.

The consideration will be satisfied by the allotment and issue of new ESR-REIT units to VIT stapled securityholders.

The enlarged ESR-REIT is expected to become the fourth largest industrial S-REIT, with its overall asset size increasing to $3.0 billion.

More details in https://www.theedgesingapore.com/esr-rei...rial-trust

[propertyinvestsg]

Any thoughts on how the income support issue will pan out?

It's ending at the end of 2018 and 2019. If ESR REIT buys over, what's going to happen to the income support and stuff like that...

[cyclone]

Viva Industrial Trust stapled securityholders to receive 96 cents apiece in proposed merger with ESR-REIT

By: Stanislaus Jude Chan
18/05/18, 12:42 pm

SINGAPORE (May 18): The respective managers of ESR-REIT and Viva Industrial Trust (VIT) have announced the details in the proposed merger to create the fourth largest industrial REIT in Singapore with approximately $3.0 billion in assets.

The proposed merger will be effected by way of a trust scheme of arrangement, which will see VIT stapled securityholders receive 96 cents per stapled security.

This gives VIT an implied equity value of approximately $936.7 million.

The scheme consideration will be satisfied 10% in cash and 90% through the issuance of new ESR-REIT Units, implying a gross exchange ratio of 1.778 times.

Based on the issue price of 54 cents per new ESR-REIT unit, VIT stapled securityholders can expect to receive $9.60 in cash and 160 new ESR-REIT units for every 100 stapled securities held.

More details in https://www.theedgesingapore.com/viva-in...r-esr-reit

---

Proposed Merger of Viva Industrial Trust and ESR-REIT by Way of a Trust Scheme of Arrangement

http://infopub.sgx.com/FileOpen/Investor...eID=506416

http://infopub.sgx.com/FileOpen/Investor...eID=506416

http://infopub.sgx.com/FileOpen/Press%20...eID=506417

[egghead]

Under this scheme, 100 VIT share = 160 ESR share + $9.60. Looking at today market, VIT and ESR asking prices are $0.875 and $0.515 respectively, people who want to buy into ESR are actually better off buying into VIT unless they do not believe the scheme will complete. Did I miss anything?