Saizen REIT: Received a firm offer and unit price jumps.

Messages were coming in fast asking me what was happening to Saizen REIT as its unit price shot up. Well, this happened:

Further thereto, the Manager wishes to announce that the Manager has received a firm offer in relation to the assets of Saizen REIT which the Evaluation Committee and the joint financial advisers are currently reviewing and evaluating. No definitive agreements have been entered into and there is no assurance that the offer will be accepted and that definitive agreements will be entered into.

 

 Earlier in the year, I had a blog post on how undervalued Saizen REIT was. Of course, it wasn't really a new angle on the REIT as I blogged about it many times over the last few years.

In that blog post back in April, I asked if investing in Saizen REIT was a good idea for you. Whether it was a good idea would depend on your motivation and your temperament.

Although deeply undervalued, I said "whether the value could be unlocked and returned to unit holders is much harder to say. Could we see an acquisition by a residential J-REIT?"

I also said that "anyone who is buying into Saizen REIT, hoping for value to be unlocked, will have to be patient and also remember that it might or might not happen."

Of course, regular readers know that Saizen REIT is a big part of my portfolio for years. I have been patiently waiting for value to be unlocked and while I waited, I received regular dividends.

It is not a bad thing to be paid while we wait, I feel.

So, what did you do?

Announcement: here.

Related posts:
1. Saizen REIT: Deeply undervalued?
2. 9M 2015 passive income from S-REITs.