NEW YORK-- Real estate investment trust Newcastle Investment Corp. said Thursday it completed the spinoff of its New Residential Investment Corp.. Holders of Newcastle Investment common stock as of May 6 were issued one share of New Residential common stock for each share of Newcastle stock they held.
Singapore has been attracting some large IPOs from Real Estate Investment Trusts (REITs) lately, but unfortunately for investors, the new listings haven’t dazzled on their debut.