SGX announces United Hampshire US REIT as a new listing

SGX announces trading volumes

Singapore Exchange (SGX) has announced earlier today that it has added United Hampshire US REIT to its Mainboard.

United Hampshire US REIT is Asia’s first US grocery-anchored shopping centre and self-storage REIT and is now listed on SGX’s mainboard under the stock code ODBU.

Robert Schmitt, Chief Executive Officer, United Hampshire US REIT Management Pte. Ltd., commented on the news:

We are delighted to successfully list on the Mainboard of SGX. We thank all investors who have put their confidence in our unique portfolio which we believe to be recession resistant and cycle-agnostic, and provides a stable cash flow from long leases with strong leasing momentum. This is just the beginning of our journey and we will focus on enhancing the REIT’s portfolio through acquisition and enhancement opportunities to generate sustainable long-term distribution growth for our Unitholders.

Mohamed Nasser Ismail, Global Head of Equity Capital Markets, SGX, said:

As Asia’s global REITs hub, we are delighted to welcome United Hampshire US REIT to our growing family of REITs with international assets. This latest listing brings the total number of US-focused REITs on SGX to six, demonstrating continued investor interest in US real estate.

The United Hampshire US REIT offers investors an opportunity to diversify into new sectors. In the US, consumer retail spending continues to be robust with brick-and-mortar presence a key part of retailers’ omni-channel strategy, while self-storage is also one of the fastest-growing sectors.

The total number of SGX-listed REITs and property trusts is now 45, with a combined market capitalisation of about S$109 billion.

United Hampshire US REIT opened at US$0.72 today.

More recent news from the exchange can be seen below:

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