OUE Commercial REIT (C-REIT) and OUE Hospitality Trust (H-Trust) announced a mega merger that involves C-REIT absorbing H-Trust. Given OUE's dodgy history as a REIT sponsor, I was interested to see if this merger would be beneficial to C-REIT and H-Trust Unitholders. Here are my findings. Merger Summary Merger announcement information can be found here (C-REIT) and … [Read more...] about Flash Note: OUE Commercial REIT and OUE Hospitality Trust Merger
OUE Commercial REIT
OUE Commercial REIT rights issue – a case study of value destruction
Regular readers would know that I have shifted to a more income approach over the past year and as part of that strategic shift, it involves purchasing more REITs for my portfolio. Also, I have in the past espoused my love of rights issues / preferential offering as seen in my participation in the Frasers L&I Trust preferential offering. Unfortunately, just as stocks are … [Read more...] about OUE Commercial REIT rights issue – a case study of value destruction