Five REITs raised $940m in new units in October

$560m were raised in placements and $380m in rights issues.

Five REITs raised $940m in new units following secondary fundraising in October, with $560m in placements and $380m in rights issues, according to an SGX report.

The same month also saw the trading of new units in Mapletree Commercial Trust and Keppel Pacific Oak US REIT which raised $458m and $103m in placements, respectively.

New units started trading for Keppel DC, Manulife US and ESR-REIT, which raised $243m, $63m and $50m in rights issues, respectively.

Mapletree Logistics Trust opened and closed a private placement raising $250m in October, with trading of new units launched last November 1 raising an additional listing of $940m. Ascendas REIT also launched a $1.3b rights issue on the same day.