SM Investments defers launch of REIT to 2024

By Ed Paolo Salting

Aug 17, 2023 12:23 am

SM Investments Corp. is postponing the initial public offering (IPO) of its real estate investment trust (REIT) to next year to give the company more time to better assess market conditions.

Timothy Daniels, SM Investments head of investor relations, sustainability and communications, said the company had dropped plans to list in the second half of this year due to current market conditions.

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