596 of a Keppel Reit unit and 0. 09% of the Units. Jul 01, 2022 11:47 AM. Cuscaden Peak says it reserves the right to adjust SPH REIT's chain offer price for DPU paid in Feb and May. S. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. 30pm Mapletree Logistics Trust (SGX:M44U) will be holding an EGM on Monday, 23 November 2020, at 2. Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. Issued by SPH REIT Management Pte. 13. 9%, reiterating tenants' confidence in SPH REIT's strategic assets. As at end-August, its proportion of fixed debt was 71 per cent, with an average cost of debt of 1. 04 cents in H2 last year. 99, or 5. Based on its Q3 FY17 report, it has total liabilities of S$922m and total assets of S$3. (the "Company "), as manager of SPH REIT, wishes to announce that the Company has elected to receive the base fee component of the management fee for the period from 1 March 2021 to 31 May 2021 in the form of units in SPH REIT (the "Base Fee "). SPH REIT, in my opinion, is a decently-run REIT that has demonstrated a good track record of NPI and DPU growth. 4bn as at 1 April 2021. 04% up at 97. Paragon REIT Reports Unchanged DPU of SG$0. 782 SPH REIT units for every SPH share held. TAGS. 9m SPH shares, valued at S$10m), as well as SPH’s. Share Price as of: -. 1 file. 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 investment strategy of SPH REIT is 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. LTD. The part cash part share offer dated 15 Nov 2021 is based on the SPH Reit price of $1. It is offering each shareholder the option of an all-cash offer of $2. 28 Jan 2021. Change Of Name Of SPH REIT And The Manager. 4 Effective Date. The group holding the most number of shares in the company, around 33% to be precise, is individual investors. More On This Topic SPH seeks to buy back outstanding $500m of 3. THE stakes have been raised in the battle for Singapore Press Holdings (SPH) T39. Daily Volume & Value Traded includes Ready Market & Off Market transactions. Should the proposed privatisation go through, the sponsor’s stake will decrease from the current 63% to below. The company's portfolio includes Paragon and The Clementi Mall. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. sg. SI), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. CUSCADEN PEAK INVESTMENTS PRIVATE LIMITED. 4%. CapitaLand Ascendas Real Estate Investment Trust. 40 per share comprising $1. Discover historical prices for SK6U. This came following the completion of an offer by Cuscaden to take Singapore Press Holdings (SPH) private, which resulted in Cuscaden and its concert parties owning 47. The Reit acquired Phipps Tower from its sponsor in 2018 for US$205 million (S$276 million). › Equity REITs › Mortgage REITs › Industrial REITsOn the possible chain offer price for SPH REIT: Unlike the Keppel Scheme, depending on the final proportion of SPH shareholders that elect between the two options, the completion of the scheme may result in Cuscaden incurring an obligation to undertake a chain offer for all the units in SPH REIT. 2 billion, Keppel will be offering S$2. SPH REIT Management Pte. *Close price adjusted for splits. 798(1) Being the value of 0. 099 per share when it was tabled. The portfolio of SPH REIT comprises the following five quality and well located commercial properties in Singapore and Australia:SPH REIT can select one or more attributes in terms of products and services that customers in the Real Estate Operations values most. 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. They purchase based on a forward looking income basis, which means that there are. SPH Reit's DPU in Q1 down 13% to 1. SPH Reit's DPU in Q1 down 13% to 1. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. SPH REIT Units. SPH REIT published this content on 09 June 2022 and is solely responsible for the information contained therein. 14. Singapore Press Holdings Limited ( SPH) was an organisation with businesses in property and aged care in Singapore. Platform. SPH's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Dividend. 4% y-o-y to S$105. 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. Search for stock quotes, share prices, market data and trading information of all equity securities traded on Singapore Exchange. In particular, the units of PARAGON REIT have not been and will not be registered under the U. Barrie ON - Head Office: Phone – Direct (705) 725-6020 Phone – Toll Free 1–844-474-9620 Fax (705) 725-8026. Looking ahead, SPH Reit said that it would maintain a disciplined approach to capital management. SPH REIT. 08 last Friday after the Reit announced it had raised $164. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. SPH REIT strives toThe investment strategy of SPH REIT is 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. 099 per share, comprising cash of 66. Based on current price of SPH REIT, the alternative will fetch $2. 40 per share comprising $1. IPO Price = $0. 099 per share. 02. . , a wholly-owned subsidiary of Singapore Press Holdings Limited. completed the acquisition of an additional 14. 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. 782 SPH Reit share) offer is valued much lesser today. 72 Singapore cents for the four months ended Dec 31, 2022, unchanged from a year ago. Distributed by Public, unedited and unaltered, on 20 May 2022 02:54:02 UTC. 38B. Paragon REIT Reports Unchanged DPU of SG$0. SPH acquires portfolio of five high quality senior independent living properties in Hokkaido, Nara and Tokyo. But substantially below the 52-week high of $1. 602 cash per share plus 0. SPH REIT - SG2G02994595 - SK6U. News. Distributed by Public, unedited and unaltered, on 27 May 2022 09:42:19 UTC. 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%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 purposes in Asia-Pacific, as well as real estate-related assets. The sum of the Offeror Consideration and the SPH REIT units to be distributed by SPH to its shareholders in accordance with the Scheme has an implied value of $2. View daily, weekly or monthly formats back to when Paragon REIT stock was issued. Operating Status Active. 2 per cent of SPH Reit. 782 SPH Reit units valued at. Download Telegram About. 0 / 0 %. ) In this post, you'll find an analysis of the REIT's results in terms of its financial performance, portfolio occupancy and debt profile, and its distribution per. SPH REIT - SG2G02994595 - SK6U. The mall is South Australia’s largest shopping centre spanning c. the Relevant SPH REIT Unit (being 0. 8 per cent voted against it. 2% y-o-y to S$141. Payment Of Management Fee (Base Fee) By Way Of Issue Of Units In SPH REIT. Steady Recovery Underpinned By Resilient Domestic Demand And Resumption Of International Travel. To put that amount in perspective, SPH is currently trading at S$1. 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. 96. 9450. This presentation may also contain forward-looking statements that involve risks and uncertainties. We would like to show you a description here but the site won’t allow us. 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%However, the cumulative value of Keppel REIT and SPH REIT units has gone up by S$0. 5%, with no refinancing due till June 2021. About the company. 5 cent, or 0. As manager of SPH REIT 29 December 2022 IMPORTANT NOTICE This Announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in the Trust (the “Units”). . Find out its share. This growth was largely driven by a gradual recovery in operating environment but partially offset by an increase in property operating expenses due to higher electricity rates (~+30% y-o-y). More On This Topic Keppel's privatisation offer for SPH viewed positively. Feb. Coming Dividends. is registered as Private Limited Company with its address 79. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. This was an improvement from its 97. SGD 0. Securities Act of 1933,. (iii) TPPL owns approximately 0. Keppel's final offer of $2. 3. 94 pence (3. 2 per cent, at 89 cents on Wednesday. 13 and S$0. SPH REIT’s 3rd Quarter Update for FY2019/20 – A Summary and My Thoughts – The Singaporean Investor. I believe the improvement was because its assets (Paragon) in Singapore benefited from the easing of COVID-19 restriction measures and thus saw improvements both in. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. Share Price as of: -. 5 cents on Jan 12. Build Retirement Portfolio with S-REIT. Unlock. So, the total value of all this when the offer was made was $2. SPH REIT renames to Paragon REIT from January 3rd, 2023. 2% premium over the one-month volume. 9% in FY19, owing to. Need help interpreting the REIT data? Then read our guide on 5 Important Factors You Need to Consider Before Investing in Any REIT. Net asset value per unit as at 31 August 2022 remained stable at. of the share. 1. 40 per share comprising $1. 602 of cash per share and 0. Contrast this with Parkway Life REIT (SGX: C2PU. The information behind this electronic gatepost is only being made available to residents of Singapore. 0172 for Four Months to December 2022 Period. SPH shareholders will be entitled to 0. 52K subscribers. The overall positive financial results were a little surprising to me. 9% less than the total consideration. 798 as at 12 November 2021, being the last full trading day before the Cuscaden Scheme Joint Announcement Date) for each SPH Share, at an illustrative value of S$2. SPH REIT Management Pte. SPH REIT published this content on 29 July 2022 and is solely responsible for the information contained therein. 715) and 0. How long has SPH REIT been paying dividends? SPH REIT (SGX:SK6U) stock has been paying dividend to its shareholders since 01/15/2014. SPH REIT published this content on 07 June 2022 and is solely responsible for the information contained therein. 8%,. REITirement - SREIT. The Keppel Corporation offer made is a combination of cash ($0. Units of SPH Reit rose two cents or 2. (vii) SPH is a subsidiary of Cuscaden. SPH REIT published this content on 27 May 2022 and is solely responsible for the information contained therein. 716 per share, from a distribution in-specie (“DIS”) by SPH. 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%In a bourse filing, SPH said it will first hold an extraordinary general meeting (EGM) at 2. Feb. The Manager’s key objective for SPH REIT is to provide Unitholders with regular and stable. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee have reiterated “add” with an unchanged target price of $1. Units in SPH REIT closed 1 cent higher or 1. 2. Chart. Join. It owns three retail assets in Singapore, with Paragon Mall. $0. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 099 per SPH share, which represents a 16. Search for stock quotes, share prices, market data and trading information of all equity securities traded on Singapore Exchange. 商业时报Find detailed analysis of Singapore-listed companies, along with advices on long-term investing and short-term trading here. The Board and Management firmly believe that success and prosperity depend upon our adherence to ethical business conduct. SPH REIT published this content on 03 June 2022 and is solely responsible for the information contained therein. SGD 0. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. Login with PasswordKEPPEL Reit has divested its stake in its Brisbane property for A$275 million (S$277. . S. (ii) The REIT Manager owns approximately 4. 5 million through the private placement. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. The closing date for the chain offer has also been extended for two weeks to 5. Best dividend capture stocks in Nov. 28 Jan 2021. The names. The mall is South Australia’s largest shopping centre spanning c. CapitaLand Ascendas Reit was among the most actively traded by value, with 24 million units worth $67. Paragon REIT (formerly known as SPH REIT) Dec 2018 - Present 5 years. 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. com: The #1 Source For Dividend Investing. "Keppel will hold a remaining stake in SPH REIT and Keppel REIT of. 6-2% to factor in 2 weeks of mandated rental rebates and lower fees paid in units. 596 Keppel REIT units and 0. Hope to catch a nice uptrending wave for SPH Reit as the price bounces off. Under the offer, SPH shareholders will receive a total consideration of $2. " SPH is a media organisation whose portfolio also includes properties, broadcasting, and events and. CGS-CIMB Adjusts Paragon REIT's Price Target to SG$1. Cuscaden Peak Pte. 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. 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. This brings DPU for the second half of FY2021 to 2. The average one-year price target for SPH REIT (SGX:SK6U) has been revised to 1. Login with Google. SPH REIT published this content on 27 December 2021 and is solely responsible for the information contained therein. General. For context, the second largest shareholder holds about 26% of. 72 cents per unit, the minimum offer price for. 5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. Security. The name change will take effect from Jan 3, 2023, onwards. 5K views 05:23SPH Reit posts lower DPU after distribution deferment, capital. In an extraordinary general meeting (EGM) held on Dec 9, some 98. 2 billion to buy all of SPH’s shares, bringing the total deal to S. Read more at straitstimes. The company is based in Singapore. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the U. 10. Other information is defined as all information in the annual report other than the financial statements and our auditors’ report thereon. SPH REIT Management Pte. SPH Real Estate Investment Trust (Reit) will be renamed to Paragon Reit as the name change will better reflect the trust’s vision and mission to capture unique. SPH REIT announced the acquisition of a 50% stake in Westfield Marion along Diagonal Road, Adelaide for A$670m (c. To this end, Chua sees SPH REIT trading sideways in the near term as it is bound by a chain offer from SPH's ongoing privatisation exercise. 4 billion. SPH shareholders will be entitled to 0. 7 per cent, said the Reit in a business update on Monday (Feb 13), and puts the DPU. SPH REIT MANAGEMENT PTE. Cost of debt was at 1. 0 / 0 %. 0. Hello Seniors and fellow SPH holders, Got letter in mail today for the cash offer from SPH. Since the takeover from Morgan Stanley, read in news that each stock will become SPH REIT (0. 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 purposes in Asia-Pacific, as well as real estate-related assets. Stock analysis for PARAGON REIT (SPHREIT:SP) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 668 per share, 0. 91). SINGAPORE - SPH Reit is planning to acquire The Rail Mall for $63. 9372 per unit for all units of SPH REIT. 782 SPH REIT units for every SPH share held. The counter rose 1. As at 21 February 2022 (being the Latest Practicable Date prior to the publication of the Cuscaden Composite. Feb. 13 and S$0. For the full year, gross revenue and net property income (NPI) jumped 7. Under the proposed scheme, they will receive $2. Paragon Shopping Mall, which is part of the REIT's portfolio. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. SPH REIT invests in retail properties in Asia-Pacific. It operates through the following segments. In addition, the high occupancy was supported by a high tenant retention ratio of 82. 16M FY2022 refers to the period 1 September 2021 to 31 December 2022. 91%) compared to last month’s update. More On This Topic. 36 per SPH share, or an alternative of $2. Ltd. . SPH REIT, in my opinion, is a decently-run REIT that has demonstrated a good track record of NPI and DPU growth. The portfolio of SPH REIT comprises the following five quality and well located commercial properties in Singapore and Australia:In short, for every 1,000 SPH shares owned, the shareholder gets $668 in cash, $715 worth of Keppel Reits and $716 worth of SPH Reits. 2% for the last year. Key Pointers to Note in Ascendas REIT’s AGM Held on 29 June 2020 – The Singaporean Investor Ascendas REIT conducted its virtual AGM for FY2019 this afternoon, which I have attended as a unitholder to receive an update from the management on its businesses. This REIT essentially formed 25% of their EPS or DPS. or more of the SPH REIT Units (including those SPH REIT Units held by SPH after the completion of the DIS). Ng has indicated his desire to step down as Director with effect from 1 January 2023. Unlock. This is an increase of 10. Distributed by Public , unedited and unaltered, on 27 December 2021 02:56:04 UTC . 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. With effect from 3 January 2023, SPH REIT has officially been renamed PARAGON REIT; for more information, please refer to the following announcement. 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. PRESS RELEASE. 782) + Cash ($1. P. . 2) 0. General. , 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”). Announcement Details. LTD. What is the dividend yield of SPH REIT? SPH REIT - SK6U has a dividend yield of 5. Stock XSES Rating as of Nov 17, 2023. 020 per SPH REIT Unit as at 12 November 2021, being the Last Trading Day. . 1. 3 Key Takeaways from me on the Rival SPH offer. Price vs Fair Value. 3% quarter-on-quarter (QoQ) and 313. The Offering consists of (i) an. 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 purposes in Asia- Pacific, as well as real estate-related assets. 020 per SPH REIT Unit as at 12 November 2021, being the Last Trading Day. However, given its sizable exposure to the high-end retail mall industry, concern over its business operational outlook over the short-term is warranted. S. Suntec REIT (SGX:T82U) posted its results for the third quarter and first 9 months of the financial year 2020 (ended 30 September) this morning. 19 Jul 2023. One way to conceptualize this, is that for each SGD1 of shareholders' equity it has, the company made SGD0. Ms Lim is a director of Times Development Pte Ltd, Orchard 290 Ltd and SPH REIT (Investments) Pte Ltd, all of which are property subsidiaries of SPH. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions, and sustainable long- term growth in DPU and NAV per. 96, Keeps at Hold. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia-. 351 per share, consisting of S$0. 1 file. 02 at that time (15 Nov 2021), This part cash ($1. Chain offer price for SPH REIT. 8 cents per share, as well as 0. 98, respectively, as of 28 October 2021, the total consideration is now around S$2. 9208. SPH REIT has a portfolio of five assets in Singapore and Australia. . SPH REIT has a portfolio of five assets in Singapore and Australia. 05 in profit. Of course if they do, the new consortium has the right to improve their offer as well. 28 Jan 2021. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. 72 cents for the 4MFY2022 ended Dec 31, 2022, unchanged y-o-y compared to the same period the year before. Apps. SPH REIT (SGX:SK6U)’s FY21 (Sep 2020 to Aug 2021) revenue rose by 14. 8 per cent as at end-November, its manager disclosed in a quarterly update last Friday (Jan 7). If you had been redirected from please note the change in website address to with immediate effect. The Reit has $1. 1. 8 per cent below SPH Reit's daily volume-weighted. Paragon REIT SK6U 0% , formerly SPH REIT, has reported a distribution per unit (DPU) of 1. SPH REIT MANAGEMENT PTE. Join the Membership. 15. Cuscaden Peak Pte. 07 Aug 2023. 36 per share or S$1. 668, as well as 0. 36. 30pm, to seek unitholders' approval on the following: (i) The proposed acquisitions of the remaining 50. SPH REIT published this content on 24 June 2022 and is solely responsible for the information contained therein. SPH REIT is a real estate investment trust that invests in income-producing retail malls in Singapore and Australia. LTD. Therefore, the current financial year will be a 16-month period from 1 September 2021 to 31 December 2022. 238 million, in a transaction expected to be funded by a combination of debt and internal resources. . 36 per cent of total issued units, according to a bourse filing on Thursday (Jun 30) night. Finally, the management is of the opinion that Covid-19’s impact is continued to continue into FY2020/21, and as such, their near-term focus is to minimise vacancies to provide a sustainable rental income by working hard with their tenants, while at. Its final offer for SPH is S$2. Correspondingly, the REIT’s 3Q 2021 DPU of 1. 9% less than the total consideration. In an Aug 7 statement, the. 5 years. Note that in this quarter, SPH REIT distributes 0. 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.