Page 8 - Reits

Sebi overhauls preferential allotment rules for REITs, InvITs

Sebi on Monday overhauled the pricing norms for preferential allotment of units by Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs). Under the new framework, the pricing formula for allotment of units under preferential issue would be the Volume-Weighted Average Price (VWAP) of weekly highs and lows for 90 trading days or 10 trading days, whichever is higher. At present, the pricing formula in a preferential allotment is the VWAP of the last two weeks or the last 26 weeks, whichever is higher. The preferential issue of units to "institutional investors" not exceeding five will have to be made at a price not less than the 10 trading days' VWAP of the related units quoted on a stock exchange preceding the relevant date, according to two separate circulars. The regulator said the preferential issue of units would not be made to any person who has sold or transferred any units of the issuer during the 90 trading days preceding the relevant date. At th

REITs offer real estate exposure in a liquid, transparent, and highly regulated form”

The first real estate investment trust, or REIT, listed on the exchanges in April 2019. That was Embassy Office Parks REIT. We have three listed REITs in our country so far. Perhaps if the pandemic had not intervened, we may have had more. In other words, this is still a nascent investment vehicle. To know more about it, Sanjay Kumar Singh of Business Standard spoke to Ritwik Bhattacharjee, Chief Investment Officer, Embassy Office Parks REIT. He says that if you're looking for a product that is liquid, has high corporate governance standards, makes a lot of disclosures, is tightly regulated, and offers the retail investor a mix of dividend yield and capital appreciation, a REIT is the product to go for.

American Balanced Fund offloads Rs 1k-cr shares of Embassy Office REIT

American Balanced Fund on Thursday offloaded 2.9 crore shares of real estate investment trust Embassy Office Parks REIT for Rs 1,046 crore through an open market transaction. According to the bulk deal data available with BSE, American Balanced Fund sold 2,92,62,468 shares of the company. The shares were disposed of at an average price of Rs 357.61 apiece, taking the transaction size to Rs 1,046.45 crore. Meanwhile, ICICI Prudential Mutual Fund picked up the shares of the company. Shares of Embassy Office Parks REIT closed 3.56 per cent lower at Rs 360.94 on BSE on Thursday.

Embassy REIT has delivered 50% total returns since listing: Vikaash Khdloya

"Our overall philosophy on co-working has been that it is an amenity for our business parks and occupiers", said Khdloya

REITs: A combination of good returns with room for growth, say experts

Payouts can be affected by vacancy and tenants defaulting on payments

Ministry of Railways to monetise redeveloped stations through REITs

The decision assumes significance as MoR has been lagging behind in achieving its targets under the National Monetisation Pipeline (NMP) of the Centre, during the last fiscal year

Sebi gives UPI payment option to invest in public issues of REITs, InvITs

The capital markets regulator in January 2019 laid down the process for payment for applications in the public issue of units of these new investment instruments through the facility of ASBA.

Bain Capital-backed $44 billion wealth manager is bullish on India REITs

IIFL Wealth Management Ltd. is recommending its clients allocate as much as 10% to the hybrid investments, co-founder and joint Chief Executive Officer Yatin Shah said

Sebi reduces listing time for REITs, InvITs to 6 days from 12 days

To streamline the process of public issue of units of REIT and InvIT, Sebi reduced the time taken for the listing of such emerging investment vehicles to six working days from the present 12 days.

Office property market: REITs in play as leasing trends to gain traction

Distribution yields could go up but risk of covid infection, interest rates remain

Board REITs to ride office real estate recovery, absorption hits 8-qtr high

A severe third wave of the pandemic could reverse the ongoing upswing in REIT prices

Sebi allows virtual annual meetings for InVITs, REITs till June 2022

InvITs and REITs are required to upload the transcript on their respective websites as soon as possible after the conclusion of the meetings

Brookfield India REIT to acquire Seaview Developers for Rs 3,970 crore

The acquisition and the funding are subject to unitholder and regulatory approvals

Move money that you might require over next three years out of equities

But avoid becoming excessively conservative as only equities have the ability to produce inflation-beating returns over long term

Get diversified country and theme exposure with real estate global funds

Experts say returns from these funds could be slightly lower, but also less volatile, compared to international equity funds

Realty rally likely to continue as Street upbeat on prospects

Analysts say investors should moderate return expectations; DLF and Macrotech top picks

FPIs can invest in debt securities issued by InvITs, REITS: RBI circular

The Reserve Bank on Tuesday said FPIs have been permitted to invest in debt securities issued by Infrastructure Investment Trusts (InvITs) and Real Estate Investment Trusts (REITs) by FPIs

Embassy REIT's net operating income grows 30% to Rs 624 crore in Q2

PAT declined 15.5% from Rs 232 crore in the September quarter last year to Rs 196 crore in the same quarter this year

Sebi tweaks norms for REITs, InvITs on exit option for dissenting holders

Sebi has tweaked regulations for REITs and InvITs regulations with respect to exit option for dissenting unit holders in various scenarios, including acquisition and change in sponsors

Street signs: Index inclusion setback for REITs, Paras IPO in demand & more

Shares of Brookfield India REIT fell close to 9 per cent in two sessions, while Embassy Office Parks REIT declined more than 5 per cent