In the 2016 year to date, two Real Estate Investment Trusts (REITs) have listed on the Mainboard of Singapore Exchange (SGX). These two REITs, Manulife US REIT and Frasers Logistics & Industrial Trust, have added S$2 billion to the current market capitalisation of Singapore’s REIT Sector. Yesterday, Frasers Logistics & Industrial Trust closed 2.2% above its offer price, while Manulife US REIT closed 2.4% below its units’ initial offer price.
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