(Provided by Marston Premieres)

Will REITs be in the spotlight in a bear market? 12/13 general subscription ‘Marston Premier’s’ scale

(Provided by Marston Premieres)

Marston Premieres plans to go public on the stock market on the 31st, following institutional demand forecasting on the 2nd and 3rd, and applying for general investors on the 12th and 13th. In the institutional demand forecast conducted on the 2nd and 3rd, Marston Premier recorded 1170.44 to 1, the highest competition among REITs listed this year. 1204 domestic and foreign institutions participated in the institutional demand forecasting.

Marston Premier REITs is the first publicly listed REITs of Marston Investment Management, an asset management company specializing in real estate. REITs are representative dividend stocks that return more than 90% of profits from real estate incorporated as assets to shareholders as dividends. Marston Premier’s is targeting an average annual dividend yield of 6%.

Marston Premieritz is a Mozarts structure in which Moritz is listed and assets are incorporated through Zariz. Currently, it has the French Amazon Logistics Center, Incheon Hang-dong Smart Logistics Center, and France’s Crystal Park as basic investment assets. The Amazon logistics center in France and the Incheon Hangdong logistics center are 100% leased by Amazon and Coupang, respectively. Crystal Park, located in Paris, France, is an office building leased by global companies such as PricewaterhouseCoopers (PwC) and Estee Lauder as their headquarters.

The public offering price of Master REITs is 5,000 won, and a total of 11.86 million shares will be raised, and subscriptions will be conducted for general investors from the 12th to the 13th of this month. The main organizer is Samsung Securities. A Samsung Securities official said, “In addition to the attention of REITs, a stable dividend stock in a highly volatile market, Marston Investment Management’s competitiveness has been recognized for its stable asset management capabilities.”

The market capitalization of 19 recently listed REITs in Korea has increased nearly threefold compared to 3 trillion won two years ago. According to the financial investment industry, as of May 4, the market capitalization of listed REITs in Korea stood at 8.35 trillion won, up 9% from a month ago (7.924.9 trillion won). In addition, the stock price of listed REITs is showing an upward trend despite the recent weakness in the KOSPI. According to Seoul Economic Signal, the average share price increase of 19 REITs listed on the KOSPI this year (January 3rd to May 4th) was 5.53%. This is in contrast to the KOSPI, which fell 10.41% during the same period. In the case of the most recently listed KORAM Coder One REITs, the stock price rose 19% a month after listing.

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