United Hampshire US REIT debuts at $1.02 on SGX

This is 10% lower than its IPO of $1.12 per unit.

United Hampshire US REIT is now listed on the mainboard of the Singapore Exchange (SGX), trading at $1.02 (US$0.72) apiece, SGX announced.

This is 10% lower than its initial public offering (IPO) price of $1.12 (US$0.80) per unit.

Also read: United Hampshire US REIT's IPO subscribed 3.2 times

The REIT is Asia’s first US grocery-anchored shopping centre and self-storage REIT.

The listing of United Hampshire US REIT brings the total number of SGX-listed REITs and property trusts to 45, with a combined market capitalisation of about $109b, according to SGX.

Combined with other real estate companies, the overall SGX real estate cluster now has a combined market capitalisation of over $187b.