SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 28 Jan 2021. . Distributed by Public , unedited and unaltered, on 25 November 2021 03:09:02 UTC . Under the terms of the transaction, a refundable deposit of. Daily Volume & Value Traded includes Ready Market & Off Market transactions. SPH REIT’s full-year results was a decent one, largely contributed by the fact that in the same time period last year, the REIT’s malls were negatively impacted by the lockdown measures as a result of the fast escalation in the number of. Units of SPH Reit rose two cents or 2. the SPH REIT Units (including those SPH REIT Units held by SPH after completion of the DIS) and the Offeror is required to make the Chain Offer. SPHL has agreed to capitalise the SPH Media companies with a cash injection of $80 million and $30 million worth of SPH shares and SPH REIT units. 9%. Apps. Based on current price of SPH REIT, the alternative will fetch $2. 10. $12. or more of the SPH REIT Units (including those SPH REIT Units held by SPH after the completion of the DIS). 7m (+3. 4 total based on SPH REIT closing price of S$1. 9640 per unit on 29 April 2022. SPH REIT published this content on 15 June 2022 and is solely responsible for the information contained therein. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. Episodes feature views and insights from property analysts. In addition, the high occupancy was supported by a high tenant retention ratio of 82. 099 per SPH share, which represents a 16. is registered as Private Limited Company with its address 79. SGD 0. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. 9372 per unit. The move will serve to "strengthen the offerings of SPH Media and, in particular, that of The Business Times", the group said in a media release on Wednesday (Nov 1). 8 million in the fiscal year ended July 31 from SG$92. 052/SPH share between 30 July 2021 to 9 November 2021 due to changes in unit prices of Keppel REIT and SPH REIT. Cuscaden Peak Pte. Feb. Feb. (v) TPPL is a subsidiary of SPH. General. 2% y-o-y to S$141. SPH REIT (SGX:SK6U) entered into a contract to acquire 50% stake in Westfield Marion Shopping Centre, Adelaide, South Australia from Australian Prime Property Fund Retail managed by Lend Lease Real Estate Investments Limited for AUD 670 million on November 7, 2019. Apps. Cuscaden Peak’s offer—which gave SPH shareholders the option of accepting an all-cash offer of S$2. 668), Keppel REIT (0. 02. SPH REIT is trading at ~6% DPU yield, below its 5-year mean of 5. When SPH REIT announced its FY19 full year results, I mentioned that the debt gearing currently stood at 27. THE chain offer for SPH Reit has closed with valid acceptances in respect of 402. Should Cuscaden succeed in acquiring SPH, it will be obliged to undertake an offer for SPH REIT, which owns commercial properties including its crown jewel Paragon, a shopping mall in Singapore. SPH shareholders will be entitled to 0. Distributed by Public, unedited and unaltered, on 24 May 2022 03:27:07 UTC. 8% below SPH REIT’s daily volume-weighted average price (VWAP) over the last month. 715) and 0. SPH REIT’s key asset is the Paragon mall, which enjoyed a 25. Welcome to PARAGON REIT Investor Relations We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or. DPU at 2. Managed by SPH REIT Management, its current portfolio comprises two properties in Singapore: Paragon, a premier upscale retail mall and medical suite/office property in the heart of Singapore’s famous shopping belt, Orchard Road, and The Clementi Mall, a mid-market suburban. 28 Jul 2022. SPH REIT has a portfolio of five assets in Singapore and Australia. Cuscaden Peak says it reserves the right to adjust SPH REIT's chain offer price for DPU paid in Feb and May. 12-Jul-2021 18:43:20. CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee have reiterated “add” with an unchanged target price of $1. 6%. 2% premium over the one-month volume. (iv) TPR and the REIT Manager are subsidiaries of TPPL. SPH REIT (SGX:SK6U), a pure-play retail REIT with properties in Singapore and Australia, released its results for the first half of the financial year 2021/22 last Friday. It operates through the following segments: Paragon, The Clementi Mall, The Rail Mall, Figtree Grove, and Westfield Marion. The change will take effect from Jan 3 at 9am,. 85-$0. 5 years. On 8th October 2022, SPH REIT announced its FY2022 results for the 12 months ended 31 August 2022. SI stock on Yahoo Finance. In its annual report for 2021, you can find out how it performed in a challenging year, its financial results, its portfolio overview, its sustainability initiatives, and its future outlook. Valuing Others – Associates, Joint Ventures (Property Development. Build Retirement Portfolio with S-REIT. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. More On This Topic SPH seeks to buy back outstanding $500m of 3. 04 cents in H2 last year. This offer comprises cash of $0. 6. S. What is a Chain Offer? The Chain Offer refers to a mandatory cash offer whereby Cuscaden Peak will pay unitholders of SPH REIT a minimum offer price for each unit. 8% y-o-y) and NPI of S$202. 020 per SPH REIT Unit as at 12 November 2021, being the Last Trading Day. June 3, 2022 – Cuscaden Peak’s mandatory cash offer to acquire all units of SPH real estate investment trust (Reit) has turned unconditional in all respects, according to a bourse filing on Thursday, according to a report from The Straits Times. Highlights of the podcast: 00:55 Underperformance of Reits. On the back of improved operating performance across its portfolio, SPH REIT has reported gross revenue of SGD209. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 5 years. PARAGON REIT (formerly known as SPH REIT ) is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail. 4bn as at 1 April 2021. SPH REIT (“SPHR”) is a Singapore-based Real Estate Investment Trust established to invest in real estate for retail purposes. 4% q-o-q but down 24. Distributed by Public, unedited and unaltered, on 20 June 2022 03:43:09 UTC. Follow us on Facebook and join our channel for the latest updates. We tweak SPH REIT 's FY21-23F DPU forecast down 0. 10%) and increased value of Keppel REIT and SPH REIT. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption. Chart. 37 cents; and tax-exempt income distribution of 0. Stock XSES Rating as of Nov 17, 2023. SPH REIT maintained its strong portfolio occupancy rate of 97. PARAGON REIT MANAGEMENT PTE. In the mail today they made an offer. SPH REIT's Share Price trades at a compelling yield of 6. 07 / share. SPH REIT will be part of the sponsor privatisation offer by Keppel Corporation(SGX:BN4). Build Retirement Portfolio with S-REIT. 3% y-o-y. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. 40 per share comprising $1. 596 units) and SPH REIT (0. S. Ltd. Name) Tay Zheng YuPARAGON REIT is a real estate investment trust that owns and manages prime retail and office properties in Singapore. 668 per share. 2 million. SPH REIT Announces Change of Financial Year End from 31 August to 31 December 2022: CI SPH REIT Secures Term Loan Facility of SGD 975 Million 2022: CI Singapore Shares End Week Slightly Higher; SPH REIT Shares Climbed 3% as Fiscal Q3 DPU Rises Over 5%INTRODUCTION TO SPH REIT SPH REIT is a Singapore-based real estate investment trust (“REIT”) established principally to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia-Pacific, as well as real estate-related assets. SPH REIT. com. Announcement Details. The Reit has $1. 782) + Cash ($1. 40 per. Price vs Fair Value. SPH REIT announced that SPH REIT is changing its financial year end from 31 August to 31 December. Yes the company SPH REIT (SGX:SK6U) pays a quarterly dividend of $0. Back Dec 29, 2022. Cuscaden Peak Pte. THE BUSINESS TIMES SPH Reit - Find SPH Reit News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. 1. Home Guide Guide to Dividend. SPH Reit's DPU in Q1 down 13% to 1. SPH REIT continues to manage its assets proactively and work with its various stakeholders to capitalise on the gradual market recovery. Get the latest Paragon REIT (SK6U) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Keep the Cash + Keppel / SPH REIT offer, but up the price, or. Paragon Shopping Mall, which is part of the REIT's portfolio. 602 of cash per share and 0. As part of the arrangement, the company announced that SPH shareholders will receive consideration of S$2. 6 million for the nine months ended 31 May, an increase of 22% year-on-year. 26 cents) of FY2020 distributable income. 9%, underpinned by higher occupancy at its Singapore assets and recovering tenant sales, while its WALE remains healthy at 5. 05 in profit. Courier 158 Dunlop Street EastSPH shareholders can choose to receive either $2. Of course if they do, the new consortium has the right to improve their offer as well. Stock XSES Rating as of Nov 17, 2023. 1. com. P. SPH Reit, a real estate investment trust, will change its name to Paragon Reit to better reflect its vision and mission in the Asia-Pacific retail landscape. Companies & Markets News -SINGAPORE (THE BUSINESS TIMES) - The impact of the pandemic hit SPH Reit in the second half with distribution per unit (DPU) well down. It divides the Forward Annualized Dividend by FY1 EPS. 668, as well as 0. SINGAPORE PRESS HLDGS LTD ( SGX:T39) SINGAPORE PRESS HLDGS LTD (SGX:T39) has been delisted with effect from 2022-05-13. Ltd. 668 per share, 0. . 099 per share. sg. SPH REIT (SGX:SK6U) reported higher gross revenue of S$277. It adde. Distributed by Public , unedited and unaltered, on 27 December 2021 02:56:04 UTC . 96. 5 per cent, lower at 97 cents. 8 per cent as at end-November, its manager disclosed in a quarterly update last Friday (Jan 7). Chain offer price for SPH REIT. Feb. S. The distribution per unit (DPU) of 1. SPH REIT’s gearing ratio remains stable at 30. Currently SPH REIT is the subject of a mandatory chain offer for all its units by Cuscaden Peak Pte Ltd (the "Chain Offer" ), and under the Singapore Code of Take-overs and Mergers, directors of SPH REIT are not allowed to resign during the offer period unless certain conditions are satisfied or with the express approval of the Securities. Keppel's final offer of $2. 5 cent, or 0. Read more at straitstimes. Photo: Samuel Isaac Chua/The Edge Singapore. More On This Topic. 01% of the Units. , as manager (the “Manager”) of SPH REIT (“SPH REIT”), is making an offering (the “Offering”) of 308,884,000 units representing undivided interests in SPH REIT (“Units”) for subscription at the Offering Price (as defi ned below) (the “Offering Units”). 72 cents per unit, the minimum offer price for SPH Reit. 72 cents per unit, which is the minimum offer price required after adjusting for. 782 of an SPH Reit unit through a distribution-in-specie by SPH. This Offer is known as a Chain Offer, triggered by Cuscaden's acquisition of SPH has been completed. 782 SPH REIT shares with an indicative value of. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. 28 Jan 2021. Blog. ) Let us take a look at its financial results, and compare them against the REIT’s results. 2% y-o-y. 3 cents) for 1HFY2023 ended June, up 6. The information behind this electronic gatepost is only being made available to residents of Singapore. 596 Keppel Reit units valued at 71. 0. Elite Commercial REIT 1HFY2023 DPU falls 24. 0172 for Four Months to December 2022 Period. 70851. Based on last Friday's closing prices, the value of Keppel Reits on offer is 71. 0% stake in Westfield Marion Shopping Centre) reported its second quarter results for the financial. Follow us on Facebook and join our channel for the latest updates. 1. Cuscaden, a consortium comprising Hotel Properties, businessman Ong Beng Seng and 2 Temasek-linked entities CLA and Mapletree, had in April 2022 offered to acquire SPH Reit at the minimum offer price of S$0. Build Retirement Portfolio with S-REIT REITirement - SREIT @REITirement. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. com: The #1 Source For Dividend Investing. Paragon REIT Reports Unchanged DPU of SG$0. Securities Act of 1933, as amended (the "U. The goal is to seek premium price because of differentiation and uniqueness of the offerings. Under SPH REIT, SPH owns Paragon, a premier upscale mall and medical suite/ office property on Orchard Road; The Clementi Mall, a mid-market suburban mall; and The Rail Mall along Upper Bukit Timah Road. When was Suburban Propane Partners's most recent dividend payment? Suburban Propane Partners's most recent quarterly dividend payment of $0. 40 per share, comprising $1. Partners REIT Announces Senior Management Appointments and Relocation of Offices . **Close price adjusted for splits and dividend and/or capital gain distributions. SPH shareholders will be entitled to 0. The information behind this electronic gatepost is only being made available to residents of Singapore. 596 of a Keppel Reit unit and 0. Money & Me: First Reit, CapitaLand, Daiwa, Digital Core Reit and the best of the S-Reit pivots (December 2021) Money and Me: VTL’s and hospitality and retail, a new Reit ETF and Making sense of offers for SPH (November 2021)SPH REIT - Units (SPHEF) Dividend Data Stock Data Avg Price Recovery N/A. CapitaLand Ascendas Reit was among the most actively traded by value, with 24 million units worth $67. The name change will take effect from Jan 3, 2023, onwards. . SPH REIT Discloses Valuation of Shopping Malls 2022: MT Paragon REIT Reports Earnings Results for the Full Year Ended August 31, 2022 2022: CI SPH REIT Announces Distribution for the Period from 1 June 2022 to 31 August 2022, Payable on 25 November 2022Simply enter your email below to download the 5 Singapore REITs that consistently increase their DPU for your watchlist. SPH REIT’s Portfolio: With a total of just 2 retail malls during its IPO (Paragon and The Clementi Mall), CEO Ms Susan Leng shared that its portfolio have expanded to 5 malls – with The Rail Mall acquired in June 2018, an 85% stake in the Figtree Grove (in Australia) acquired in December 2018, and a 50% stake in Westfield Marion (in. Company Type For Profit. The retail property component of the project is larger than some analysts had expected, and underscores the long-term value that SPH could tap from the project. 66% for 1H FY2022 with a weighted average term to maturity of 2. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. The Reit is sponsored by media and property group SPH. FY21 rental reversion is at -8. SPH REIT Announces Change of Financial Year End from 31 August to 31 December 2022: CI SPH REIT Secures Term Loan Facility of SGD 975 Million 2022: CI Singapore Shares End Week Slightly Higher; SPH REIT Shares Climbed 3% as Fiscal Q3 DPU Rises Over 5%Ng has served as a non-executive and non-independent Director of SPH REIT since August 2017. Join REITirement - SREIT. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. SPH REIT’s performance is an indication of how the overall REIT market in Singapore has held up well despite the recent sell-down over worries that the United States might start scaling back its. Accessibility is further enhanced by its proximity to the Bukit Timah Expressway (“BKE”) and Pan Island Expressway (“PIEDBS Group Holdings Limited (SGX:D05) held its 22nd AGM yesterday (30 March 2021) afternoon, where I've attended as a shareholder. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia-. SK6U. 3. SPH's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Dividend. 91%) compared to last month’s update. SPH REIT is a real estate investment trust that invests in income-producing retail malls in Singapore and Australia. 975. More On This Topic Keppel's privatisation offer for SPH viewed positively. 64% of the total issued SPH REIT units. 975), it is valued at $2. Switch to all cash, and increase the price above $2. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. 14. 2m (-2% h-o-h), coming in at 98% of our full-year forecast. As a result, the 12-month rental reversion rate for FY2022 was -2. the Relevant SPH REIT Unit (being 0. 602 cash per share plus 0. Against the backdrop of global vaccination drives and a gradual recovery in tenants’ sales, SPH REIT’s near-term focus is to maintain healthy occupancy and sustainable rental income in. 2 cents, Business News & Top. For context, the second largest shareholder holds about 26% of. Follow us on Facebook and join our Telegram channel for the latest updates. SGD 0. . 48K subscribers. 36445, not much difference from the all cash offer of $2. Download the PDF file and learn more about PARAGON REIT's. SPH REIT (SGX:SK6U)’s FY21 (Sep 2020 to Aug 2021) revenue rose by 14. 14. SPH REIT renames to Paragon REIT from January 3rd, 2023. 30pm Mapletree Logistics Trust (SGX:M44U) will be holding an EGM on Monday, 23 November 2020, at 2. 5 cents per share, and 0. Announcement Title. 90 Projected DPU Yield = 5. Jul 01, 2022 11:47 AM. 2 billion, Keppel will be offering S$2. Market / ISIN Code: SGX Mainboard / SG2G02994595. Disclaimer. 9 per cent. Prior to 1 December 2021, SPH was in the media business as well with a reach in the print, digital, radio, and outdoor media. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. SPH REIT Discloses Valuation of Shopping Malls 2022: MT Paragon REIT Reports Earnings Results for the Full Year Ended August 31, 2022 2022: CI SPH REIT Announces Distribution for the Period from 1 June 2022 to 31 August 2022, Payable on 25 November 2022Stock analysis for PARAGON REIT (SK6U:Singapore) including stock price, stock chart, company news, key statistics, fundamentals and company profile. The Rail Mall. $0. With the easing of Covid19 restrictions- , PARAGON REIT registered SPH will provide the initial resources and funding by capitalising SPH Media with a cash injection of $80 million, $30 million worth of SPH shares and SPH Reit units, and SPH's stakes in four of. Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. 782 of an SPH Reit unit. As at 21 February 2022 (being the Latest Practicable Date prior to the publication of the Cuscaden Composite. 3 billion in borrowings at a gearing ratio of 30 per cent and a weighted average term to maturity of 2. 52K subscribers. Feb. Prior to that, shares of SPH closed flat at $2. Login with PasswordKEPPEL Reit has divested its stake in its Brisbane property for A$275 million (S$277. If we remove this S$ 7. S$636. See Saanich Penninsula Hospital location page . 31b, giving it a gearing ratio of 25. They purchase based on a forward looking income basis, which means that there are. Stock Symbol SGX:SK6U. Based on its Q3 FY17 report, it has total liabilities of S$922m and total assets of S$3. SPH REIT Management Pte. LTD. SPH REIT is not owned by hedge funds. The Reit acquired Phipps Tower from its sponsor in 2018 for US$205 million (S$276 million). It is relatively lower than other retail REITs with gearing ratio typically above 30%. SPH REIT has. "Keppel will hold a remaining stake in SPH REIT and Keppel REIT of. SPH REIT published this content on 24 June 2022 and is solely responsible for the information contained therein. More On This Topic Keppel's privatisation offer for SPH viewed positively. SPH REIT has. Cuscaden Peak, a consortium comprising Hotel Properties, its managing director Ong Beng Seng, and 2 Temasek-related entities CLA and Mapletree, is offering each SPH shareholder the choice between an all-cash offer of S$2. According to present data SPH REIT's SK6U shares and potentially its market environment have been in bearish cycle last 12. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. Ltd. 33 last Friday, while SPH Reit ended 1 per cent up at $1. Distributed by Public, unedited and unaltered, on 07 June 2022 03:21:00 UTC. IT HAS been just over 8 months since Cuscaden Peak submitted a proposal to the board of directors of Singapore Press Holdings. Cost of debt was at 1. Disclaimer. 4 Effective Date. Read more at The Business Times. My Notes. Ltd. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. MT. Note Short Sell volume according to the Daily. SPH REIT announced the acquisition of a 50% stake in Westfield Marion along Diagonal Road, Adelaide for A$670m (c. The Cuscaden Scheme has become effective and binding in accordance with its terms today, 29 April 2022 (the "Effective Date"). We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. Welcome to PARAGON REIT Investor Relations. 6). That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). As at end-August, its proportion of fixed debt was 71 per cent, with an average cost of debt of 1. SPH REIT (SGX:SK6U)’s 1H22 ending Feb 2022 (FY22) gross revenue grew 1. SPH REIT published this content on 17 June 2022 and is solely responsible for the information contained therein. of the share. 782 SPH Reit units valued at. 7K views 03:24. Share Price as of: -. SGD 0. S. On Monday evening (29 March 2021), SPH REIT (SGX:SK6U), with properties in Singapore (namely Paragon, The Clementi Mall, and The Rail Mall) and in Australia (a 85. Analysts are largely buoyant on SPH REIT’s prospects after the REIT posted results that point to the REIT’s recovery in the 1QFY2022 ended Novembe r. It owns three retail assets in Singapore, with Paragon Mall. It is offering each shareholder the option of an all-cash offer of $2. 07 Aug 2023. SPH Reit's DPU in Q1 down 13% to 1. SPH REIT Commits To Pass On Fully The Property Tax Rebate Granted By The Singapore Government To Tenants Adversely Impacted By COVID-19, And Will Continue To Provide Further Rental Rebates. Recent Buy Backs. Stock analysis for PARAGON REIT (SPHREIT:SP) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Prior to that, shares of SPH closed flat at $2. S. More On This Topic. Download Telegram About. Change Of Name Of SPH REIT And The Manager. In. Hope to catch a nice uptrending wave for SPH Reit as the price bounces off. 06 and pre pandemic high of $1. TAGS. Summary. The group’s newspaper ad revenue YoY decline has increased from 12. SPH REIT is a Singapore-based REIT established principally to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia-Pacific, as well as real estate-related assets. (SPH) dividend growth history: By month or year, chart. Mandatory Cash Dividend/ Distribution. SPH REIT, in my opinion, is a decently-run REIT that has demonstrated a good track record of NPI and DPU growth. SPH REIT Discloses Valuation of Shopping Malls 2022: MT Paragon REIT Reports Earnings Results for the Full Year Ended August 31, 2022 2022: CI SPH REIT Announces Distribution for the Period from 1 June 2022 to 31 August 2022, Payable on 25 November 2022Grant Of Award And Notice Of Transfer Of SPH REIT Units Under Performance Unit Award. 13. SPH REIT’s performance is an indication of how the overall REIT market in Singapore has held up well despite the recent sell-down over worries that the United States might start scaling back its. Payment Of Management Fees (Base Fee) By Way Of Issue Of Units In SPH. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. SPH REIT published this content on 22 June 2022 and is solely responsible for the information contained therein. Invest at least 75% of total assets in real estate or cash. Best dividend capture stocks in Nov. 03. Paragon REIT Units Real Estate Investment Trust. Ltd. For instance, SPH REIT (SGX: SK6U) has the backing of media giant Singapore Press Holdings (SGX: T39), but its distribution per unit (DPU) has not grown much over the years. SPH Reit noted that FY2021 had a full-year contribution from Westfield Marion in South Australia which was acquired in the prior year with an incremental net property income of S$9. The Cuscaden Peak offer comes in two options: $1. 2 per cent of shareholder votes signalled their approval for the acquisition of SPH, while 1.