Number of unitholders based on 2016 annual report of croesus retail trust. With their properties in japan, croesus retail trust be worth a deeper look. Retail authorised unit trusts prospectus 02 march 2020. The company invests in diversified portfolios of retail real estate and other related assets located in the asiapacific region. Croesus retail trust manages and operates a portfolio of 8 suburban malls and collects rents from the tenants of the malls. They are both business trust not reits, highly geared and most importantly offering a. Croesus retail trust crt is the first asiapacific retail business trust with an initial portfolio located in.
Croesus retail trust, the first of its kind on the sgx, will begin with an initial portfolio of 4 shopping mall properties in the regions of kanto and kansai. May 12, 2020 croesus retail trust all sec filings breakout by marketwatch. Dividend policy croesus retail trust intends to distribute 100% of distributable income to. About croesus retail trust croesus retail trust crt is the first sgxlisted asiapacific retail business trust with a portfolio located in japan. Croesus retail trust this may, we will be seeing ipo of asian pay tv and croesus retail trust crt. Offer price represents a 38% premium to oneyear vwap and 23% premium to net asset value nav as at 31 march 2017. Briefcroesus retail trust announces proposed acquisition by. Croesus retail trust 1reports 4q fy2017 available dpu of. Crorf croesus retail trust sec filings marketwatch. Historical 12month distribution rate of trust holdings. Retail trust crt or the trust for the financial year ended 30 june 2016 fy2016. The principal activity of the trust is owning real estate used primarily for retail purposes located in the asiapacific region and real estaterelated assets relating to the foregoing.
Prospectuses and profile statements which have been lodged with. Croesus retail trust has been making headlines lately which show that the company is on the up and up. The purpose of our prospectus is to describe the money market cash equivalent investment options offered, so that the individuals, families and organizations we serve can view their investment options. Unlock charts on crunchbase charts can be found on various organization profiles and on hubs pages, based on data availability. I am wondering how can the trust have a yield of 8% when the pe is more than 20. The funds are subject to the rules of the fca as set out in the coll sourcebook. Crts principal investment strategy is to invest in a diversified portfolio of predominantly retail real estate assets located in japan and across the asiapacific region and real estaterelated assets. Croesus retail trust the trust is a singaporebased retail business trust with a portfolio located in japan. These rents, after netting operating expenses, are then paid out to unitholders. As a service to our clients, sabal trust is pleased to provide the prospectus on the money market funds we offer.
The closest one which we are having is ascendas hospitality trust at 7. Confirming market speculation, croesus retail trust crt on wednesday said that a company incorporated by funds advised by blackstone real estate has made an offer for all the units in crt. Information on valuation, funding, acquisitions, investors, and executives for croesus retail trust. However, from figure 6 the dark green line, retail floor space has grown and is on a upward trend. Bulk of debt maturing in fy17 refinanced in january 2017. Blackstones proposed privatisation of croesus retail trust. Yes yen is dropping, but as for saizen reit, a dual edged sword. Similar to the investment objective of a real estate investment trust reit, crts main strategy is to invest in a diversified portfolio of retail real estate located in the asiapacific region. Croesus retail trust prospectus dated 2 may 20 evertrust asset management pte. The only china retail property trust providing direct. Croesus retail trust is the first asiapacific retail business trust with an initial portfolio. Crorf stock price croesus retail trust stock quote u. May 09, 20 croesus retail trust is not and has not engaged in any legal or arbitration proceedings in past 12 months, it says.
Crt is principally focused on investing in a diversified portfolio of predominantly retail real estate assets located in the asia pacific region, with an initial focus on japan. In november, the straits times said crt reported a 9. Actually we will have to wait a while more than that. A copy of this prospectus has been lodged on 28 december 2016 with and. Croesus retail trust ipo projects 8 percent yield reitsweek. Mar 16, 2016 croesus retail trust crt is a business trust listed on the sgxst in may 20. Below is a screenshot from page 42 sheet 51 on the pdf of the prospectus with the eps information shown. Crts principal investment strategy is to invest in a diversified portfolio of predominantly retail real estate assets located. I see, thank you so much 86 cents seems quite cheap at over 8% yield maybe i shall buy a bit try try haha croesus. Croesus retail trust is a real estate investment firm specializing investments in diversified portfolio of predominantly retail real estate assets located in japan and across the asiapacific region and real estaterelated assets relating to the foregoing.
This document is the prospectus of the authorised unit trust schemes detailed in this prospectus referred to herein as the funds, valid as at the date specified on the cover of this document. The japanese govs qe program may result in asset inflation. Full details of the funds are set out in appendix 1. We believe the perception of a greater alignment between the interest of croesus retail trust crts unitholders and management following crts move to be the first internally managed trust will help close the discount to our tp. Sponsor undertakings further demonstrate longterm support. The lodgment with or registration by mas of an offer document does not imply that all relevant legal and regulatory requirements have been complied with. May 05, 20 croesus retail trust this may, we will be seeing ipo of asian pay tv and croesus retail trust crt. Croesus retail trust, the first of its kind on the sgx, will begin with an initial portfolio of 4 shopping mall. Croesus retail trust croesus retail trust crt is the first asiapacific retail business trust with an initial portfolio located in japan listed on singapore exchange securities trading limited the sgxst. They are both business trust not reits, highly geared and most importantly offering a 8% yield. Croesus retail trust crt is a business trust listed on the sgxst in may 20. Croesus retail trust was founded on may 7, 2012 and is based in singapore. Croesus retail trust operates as a real estate investment trust.
Croesus retail trust 1reports 4q fy2017 available dpu of 2. Further details can be found on page 272 of the prospectus. The company sets its principal strategy to invest in a diversified portfolio of predominantly retail real estate. Retail trust crtor croesus retail asset management pte. Act, chapter 31a of singapore the business trusts act or bta. Croesus retail trust is the first asiapacific retail business trust with an initial portfolio located in japan to be listed on the sgxst. Use the pitchbook platform to explore the full profile. It is the first retail business trust with properties in japan to be listed in singapore. Croesus retail trust crt ipo prospectus, nav, dpu, gearing. Keppelkbs us reits current yield and forward yield are based on its prospectus fy18 and fy19 forecasted dpu figures, respectively. Croesus retail asset management is a asiapacific retail business trust listed on singapore exchange securities trading limited. After crt has been admitted to the official list of the sgxst, crt will make distributions to unitholders on a semiannual basis, with the amount calculated as at 30 june and 31 december each year for the sixmonth period ending on each of the said dates. Overall sales were supported by strong demand for durable goods before the 5% sales tax is raised to 8% on april 1. Before we go any further, i would also like to point out that in the prospectus, 2018 is a forecast period while 2019 is a projection year.
Croesus retail trust financial results for the period from 10 may 20 to 31 march 2014 15 may 2014 the financial results presented in this presentation are for the period from 10 may 20 being the official listing date the listing date of croesus retail trust crt to 31 march 2014. The portfolio totals 426,314 sqm by nla, with 5 properties located in the greater tokyo region while the remainder are located in. Croesus retail trust 15 april 2014 page 2 company overview croesus retail trust crt is the first asia pacific retail business trust with an initial portfolio located in japan, to be listed in sgx. Dividend policy croesus retail trust intends to distribute 100% of distributable income to its unitholders in fy2014 and fy2015. Driven by new acquisitions and cost savings from manager internalisation. Initiation report on croesus retail trust heartland boy. Croesus retail trust all sec filings breakout by marketwatch. As seen from figure 5, the total retail sales of japan since 2001 has been flat. Croesus retail trust is not and has not engaged in any legal or arbitration proceedings in past 12 months, it says. Should i accept blackstone cash offer for croesus retail trust. Croesus retail trust is one which i recently bought and sold quickly due to change of.
Croesus retail trust achieves 1h fy2017 dpu growth of 7. The ipo will close on 8 may 20 12pm and be listed on 10 may 20 at 2pm. Proposed acquisition of all the issued units in croesus retail trust. Securities and exchange commission reporting information. Crts principal investment strategy is to invest in a diversified.
Jul 17, 2017 below is a screenshot from page 42 sheet 51 on the pdf of the prospectus with the eps information shown. Mas does not take any responsibility for the contents of any offer document nor recommend or endorse any offer made therein. About croesus retail trust crt crt is the first asiapacific retail trust with an initial portfolio located in japan to be listed on the sgxst. This piece of news did not come as a surprise to heartland boy as. Cost savings from internalization also improved earnings. Singapore, 18 august 2017 croesus retail asset management pte. Prospectus japan retail sales japans retail sales rose 2. Croesus retail trust is a business trust listed on the sgx in 20. On a positive note, crt mentioned in its 2015 annual report that the.