The proposed GLP New Economy REIT is expected to witness a distribution per unit (DPU) growth of 9.3% between 2022-2023, new documents that have been provided to REITsWeek by a source close to the initial public offering (IPO) process indicate.
Coupled with the projected distribution yield of 5.7% in FY 2022, total projected returns for investors who subscribe to the REIT’s proposed IPO would be about 15% by end-2023.
As such, in terms of total investment returns between 2022 and 2023, the GLP New Economy REIT would trump peers in the sector such as Mapletree Logistics Trust, Frasers Logistics & Commercial Trust, and Ascendas REIT.
As reported by REITsWeek in February 2022, GLP has begun a process to list the GLP New Economy REIT on the Singapore Exchange (SGX).
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