(PBSA) portfolio, SPH REIT’s Figtree Grove and Rail Mall, which helped to offset declines in its media revenue. The stronger results were driven by higher revenue across all assets mainly due to lower rental relief provided and full year financial contribution from Westfield Marion. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. 782 SPH Reit unit. IPO Price = $0. 21 Jul 2023. Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. Build Retirement Portfolio with S-REIT. 2m (+14. To capitalize SPH Media with initial resources, SPH will provide a one-time injection of funds to it (akin to a “divorce fee”). Disclaimer. VICTORIA, BC (September 10, 2010) - Partners Real Estate Investment Trust. 099 per share. All Island Equity REIT. 26 cents) of FY2020 distributable income. 12-Jul-2021 18:43:20. The REIT is bound by a chain offer, resulting from its sponsor’s ongoing. Note Includes only corporate actions with Ex-Date within upcoming 3 months. Paragon REIT announced dividend of taxable income distribution of 2. Every investor in SPH REIT should be aware of the most powerful shareholder groups. SPH REIT - SG2G02994595 - SK6U. is currently the largest shareholder, with 31% of shares outstanding. Payment Of Management Fees (Base Fee) By Way Of Issue Of Units In SPH. The overall positive financial results were a little surprising to me. Cuscaden Peak Pte. . , a wholly-owned subsidiary of Cuscaden Peak Investments Private Limited (formerly known as Singapore Press Holdings Private Limited). 782 SPH REIT units (worth $2. SPH Reit's DPU in Q1 down 13% to 1. 0% stake in Westfield Marion Shopping Centre) reported its second quarter results for the financial. SPH REIT, LREIT, KORE, ARA LOG, ESR REIT in list of potential candidates for upcoming FTSE. Its final offer for SPH is S$2. Join. From REIT Pulse perspective, SPH REIT has been performing fairly well over the last 3 years. Securities Act of 1933, as amended (the "U. The real estate investment trust's gross. 11% will be renamed to Paragon Reit as the name change will better reflect the trust&rsquo s vision and mission to capture unique opportunities in the Asia-Pacific retail landscape, the Reit manager said on Thursday (Dec 29). Date Of Release Of 2020 Second Quarter Results. Disclaimer. 02. Suburban Propane Partners, L. 90 Projected DPU Yield = 5. 48K subscribers. The distribution per unit (DPU) of 1. 68 cents for 1H FY2022, increasing by 9. About 1. Stock Symbol SGX:SK6U. 40 a share now superior to Keppel's: SPH. 0141 in the same period last year. 9640 per unit on 29 April 2022. SPH REIT Management Pte Ltd, the Manager of the Trust (“the Manager”) is responsible for the other information contained in the annual report. 36 per share or S$1. -- SPH REIT's distributable income to unitholders surged 71. 108 (A slight increase due to the improvement of SPH REIT share price). This 10 Years comparison chart explains everything why S-REIT is a MUST have asset class in your investment portfolio. THE stakes have been raised in the battle for Singapore Press Holdings (SPH) T39. Units of SPH Reit closed down two cents, or 2. 238 million, in a transaction expected to be funded by a combination of debt and internal resources. 020 per SPH REIT Unit as at 12 November 2021, being the Last Trading Day. , 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”). This is an increase of 10. 3 million (0. Market / ISIN Code: SGX Mainboard / SG2G02994595. 2) 0. Singapore Press Holdings Limited ( SPH) was an organisation with businesses in property and aged care in Singapore. If you had been. SPH REIT's inaugural distribution was 1. It is well served by the Hillview MRT station about 250 metres away and a network of public bus services. Security. Login Details for DBS Group Holdings’ e-AGM on Tuesday, 30 March 2021, at 2pm Shareholders who have signed up to attend DBS’ e-AGM this coming Tuesday should have received a confirmation email from the bank containing login details, along with steps on how you can join the meeting (please check your ‘spam’ folder if you do not find it in your. 668), Keppel REIT (0. 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. 3. Ltd. PARAGON REIT, formerly known as SPH REIT, is a Singapore-based real estate investment trust established principally to invest, directly or indirectly, in a portfolio of. Read more at straitstimes. The names. 4% y-o-y to S$105. The offer by Cuscaden is required by the Singapore Code on Take-overs and Mergers, as it now owns 47. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. Its portfolio of Singapore properties comprises Paragon, The Clementi Mall and The Rail Mall, with an aggregate net lettable area of about. How long has SPH REIT been paying dividends? SPH REIT (SGX:SK6U) stock has been paying dividend to its shareholders since 01/15/2014. 0124 for its 2QFY21 (ended 28 Feb), representing an increase of 3. 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. 596 Keppel Reit unit (valued at $0. 782 of an SPH Reit unit through a distribution-in-specie by SPH. 40 per share comprising $1. 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. is registered as Private Limited Company with its address 79. Operating Status Active. Share Price as of: -. 13 and S$0. 782 SPH REIT units per share. 9% below SPH REIT’s last traded price of 97. 96, Keeps at Hold. 0 / 0 %. SPH REIT to merge with MPACT or CICT? Lifetime Membership When SPH shareholders approved the acquisition by Cuscaden Peak on 22 March 2022, the writing was on the wall that SPH REIT would be the next to be acquired. This offer was worth $2. 782 SPH Reit units valued at 79. Paragon REIT Units Real Estate Investment Trust. 4bn as at 1 April 2021. Cost of debt was at 1. 6% improvement in tenant sales for 12MFY2022, in line with a pick up in footfall in the Orchard Road area. 5 cents per share, and 0. BM4wkoB-e9p9PBi601taz5eSNkoDxC5wycV2xgrtyiM. General. The group’s newspaper ad revenue YoY decline has increased from 12. 40 per share comprising $1. 98, respectively, as of 28 October 2021, the total consideration is now around S$2. PARAGON REIT, formerly known as SPH REIT, is a Singapore-based real estate investment trust 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. DPU for the fiscal year 2014 (FY2014) was S$0. Coming Dividends. When was Suburban Propane Partners's most recent dividend payment? Suburban Propane Partners's most recent quarterly dividend payment of $0. 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. In addition, the high occupancy was supported by a high tenant retention ratio of 82. THE BUSINESS TIMESperformance of SPH REIT is not necessarily indicative of its future performance. (vii) SPH is a subsidiary of Cuscaden. In particular, the units of PARAGON REIT have not been and will not be registered under the U. Market / ISIN Code: SGX Mainboard / SG2G02994595. 5 years. Units in SPH REIT closed 1 cent higher or 1. SPH shareholders will receive cash of S$0. 4. Disclaimer. 1. 12-Jul-2021 18:43:20. Paragon REIT Units Real Estate Investment Trust. THE BUSINESS TIMES SPH Reit - Find SPH Reit News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. Payment Of Management Fee (Base Fee) By Way Of Issue Of Units In SPH REIT. SGD 0 0 / 0 % Share Price as of: -Market / ISIN Code: SGX Mainboard / SG2G02994595. Paragon Shopping Mall, which is part of the REIT's portfolio. SK6U | Complete Paragon REIT stock news by MarketWatch. 10%) and increased value of Keppel REIT and SPH REIT. Security. 0%. is currently the largest shareholder, with 31% of shares outstanding. 995 %. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. Paragon, one of the key malls that's part of SPH REIT's portfolio. At 90% payout ratio, however, unitholders will receive 1. Notes. Distributed by Public, unedited and unaltered, on 27 May 2022 09:42:19 UTC. . For context, the second largest shareholder holds about 26% of. (“ PARAGON RM” or the “Manager”), the Manager of PARAGON REIT1 (formerly known as “SPH REIT”), today announced its financial results for the 16 months2 ended 31 December 2022 (“16M FY2022”). 3 Key Takeaways from me on the Rival SPH offer. More On This Topic. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 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. 9372 is: 3. What is the dividend yield of SPH REIT? SPH REIT - SK6U has a dividend yield of 5. A poor SPH REIT does not bode well for them. Episodes feature views and insights from property analysts. com. Ltd. 30pm on March 22 to vote on the proposed distribution in-specie of SPH Reit units under the Cuscaden scheme. Ltd. Retail investors net buy S$390 million of S-Reits in H1 2023. 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. My Notes. SPH REIT's (SGX:SK6U) top owners are individual investors with 33% stake, while 31% is held by private companies. This Offer is known as a Chain Offer, triggered by Cuscaden's acquisition of SPH has been completed. Based on its Q3 FY17 report, it has total liabilities of S$922m and total assets of S$3. 9m (+1. However, when SPH REIT reported its first-half fiscal year 2020 (FY 2020) earnings, it announced that the DPU would be just S$0. However, given its sizable exposure to the high-end retail mall industry, concern over its business operational outlook. THE chain offer for SPH Reit has closed with valid acceptances in respect of 402. 30pm on June 30. BY WAY OF ISSUE OF UNITS IN SPH REIT The Board of Directors of SPH REIT Management Pte. 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. 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. The counter rose 1. As a unitholder, I have gone through the presentation slides and in this post, you will find a summary, along with my thoughts (on. 602) part share (0. SPH shareholders will be entitled to 0. 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. SPH REIT published this content on 25 November 2021 and is solely responsible for the information contained therein. 68 per cent, or about 1. SPH REIT maintained its strong portfolio occupancy rate of 97. 782 SPH REIT units valued at S$0. 20. SPH REIT’s gearing ratio remains stable at 30. 72 cents per unit, the minimum offer price for SPH Reit. 04 cents in H2 last year. 668 per share. SPH REIT's (SGX:SK6U) top owners are individual investors with 33% stake, while 31% is held by private companies. As a unitholder, I have studied its latest set of results, and in this post, I will be sharing key aspects you…Build Retirement Portfolio with S-REIT Companies & Markets News -SINGAPORE (THE BUSINESS TIMES) - The sale of Bedok Point by Frasers Centrepoint Trust (FCT) at $108 million raised questions from shareholders given that it was acquired atLendlease Global Commercial REIT (“LREIT”) is a Singapore real estate investment trust established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally, which are used primarily for retail and/or office purposes. "Keppel will hold a remaining stake in SPH REIT and Keppel REIT of. As at 21 February 2022 (being the Latest Practicable Date prior to the publication of the Cuscaden Composite. Take a look at five REITs with recent insider buying that could be a tip-off that better times are ahead. 30pm, to seek unitholders' approval on the following: (i) The proposed acquisitions of the remaining 50. Other information is defined as all information in the annual report other than the financial statements and our auditors’ report thereon. Paragon REIT Reports Unchanged DPU of SG$0. 5%, which is underpinned by a high tenant retention ratio of 82. If we remove this S$ 7. SPH REIT (“SPHR”) is a Singapore-based Real Estate Investment Trust established to invest in real estate for retail purposes. Company Type For Profit. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. SPH REIT MANAGEMENT PTE. 86 cents for the period from 24 July 2013 (listing date) to 30 November 2013. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 782 SPH REIT units for every SPH share held. 2% y-o-y. 72 cents per unit, which is the minimum offer price required after adjusting for. Singapore Press Holdings Limited (SPH) received an unsolicited proposal from Temasek-backed real estate consortium Cuscaden Peak Pte. S. Ltd. 9372 per unit. Ltd. 5 per cent, lower at 97 cents. Correspondingly, the REIT’s 3Q 2021 DPU of 1. 0543 and has increased to just S$0. 7K views 03:24. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. 099 per share when it was tabled. SPH REIT has a portfolio of five assets in Singapore and Australia. Morningstar Rating. It operates through the following segments: Paragon, The Clementi Mall, The Rail Mall, Figtree Grove, and Westfield Marion. 2% premium over the one-month volume weighted average price. Business News -SINGAPORE • SPH Reit will issue a lower payout for the first quarter but it noted yesterday that business is slowly picking up after the hit it took. 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. Feb. 5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. As at 21 February 2022 (being the Latest Practicable Date prior to the publication of the Cuscaden Composite Document), This Offer is known as a Chain Offer, triggered by Cuscaden's acquisition of SPH has been completed. Morgan Stanley Asia, on behalf of Cuscaden Peak, said the Ong Beng Seng-led consortium has received valid acceptances of its chain offer of an aggregate of 130,059,351 offer units, representing approximately 4. CUSCADEN PEAK INVESTMENTS PRIVATE LIMITED. Officially, PARAGON REIT MANAGEMENT PTE. 4% stake in SPH. Note Short Sell volume according to the Daily. 7 per cent, said the Reit in a business update on Monday (Feb 13), and puts the DPU. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. Units of SPH Reit rose two cents or 2. 91%) compared to last month’s update. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. Units of SPH Reit closed down two cents, or 2. , as manager of SPH REIT announced that pursuant to the Fourth Amended and Restated Facility Agreement, an incremental facility notice (together with the Facility, the "Aggregate Facilities") was established for a five-year loan of $50 million. 5% as at 31 August 2020 which is way below the permissible limit giving them the headroom for further acquisition. Disciplined Capital Management. SPH REIT MANAGEMENT PTE. See what the analysts have to say. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. This will comprise cash of 66. The Offering consists of (i) an. REITirement - SREIT. 056 by FY2019, up 3. Distributed by Public, unedited and unaltered, on 29 July 2022 10:16:17 UTC. 5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. Under the proposed scheme, they will receive $2. 72 cents for SPH REIT units after adjusting for distributions. It owns three retail assets in Singapore, with Paragon Mall within the Orchard Road district as its anchor asset in Singapore and two retail malls in Australia. SPH REIT (SGX:SK6U) announced the acquisition of a 50% stake in Westfield Marion along Diagonal Road, Adelaide for A$670m (c. Cuscaden Peak Pte. Summary. SPH REIT invests, 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 Management Pte. S. DPU at 2. The name change will take effect from Jan 3, 2023, onwards. 9%, reiterating tenants’ confidence in SPH REIT’s strategic assets. SPH REIT is a real estate investment trust that invests in income-producing retail malls in Singapore and Australia. . Disclaimer. SINGAPORE PRESS HLDGS LTD ( SGX:T39) SINGAPORE PRESS HLDGS LTD (SGX:T39) has been delisted with effect from 2022-05-13. SPH Reit to be renamed Paragon Reit from Jan 3 Link Reit plans $3. SPH REIT’s 3rd Quarter Update for FY2019/20 – A Summary and My Thoughts – The Singaporean Investor. 4% q-o-q but down 24. The Manager’s key objective for SPH REIT is to provide Unitholders with regular and stable. 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”). Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 64% fromthe prior estimate of 0. 30 cents was based on income available for distribution for the comparative quarter from 1 September 2013 to 30 November 2013. SPH REIT will be part of the sponsor privatisation offer by Keppel Corporation(SGX:BN4). 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. 3% quarter-on-quarter (QoQ) and 313. 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. 0553 (+2. Gross. 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. Singapore Hospitality / Property Development / Aluminium Assistant to CFO Stamford Land Corporation (Hospitality / Property Development). S. 52 cents of DPU which was previously withheld from FY2020. Looking ahead, SPH Reit said that it would maintain a disciplined approach to capital management. One thing I would like to point out is that the distribution for 1H FY 21 includes the release of approximately S$7. (ii) The REIT Manager owns approximately 4. Find out all the key statistics for Paragon REIT (SK6U. This could potentially trigger a chain offer for SPH Reits if Cuscaden accumulates 30 per cent or more of the Reits. 596 Keppel REIT units and 0. Announcement Details. 2% y-o-y to S$141. Cuscaden Peak. SPH REIT is a real estate investment trust that invests in income-producing retail malls in Singapore and Australia. 099 per share. 975. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 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. Indeed, the consortium subsequently announced the chain offer of SPH REIT at $0. Keep the Cash + Keppel / SPH REIT offer, but up the price, or. As part of the renewal process of the Board, Mr. 19 Jul 2023. 1. Singapore Financial Controller Nanshan Group Singapore Jul 2016 - Sep 2018 2 years 3 months. 1 per cent at 89 cents. THE BUSINESS TIMES SPH Reit - Find SPH Reit News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. completed the acquisition of an additional 14. FY21 rental reversion is at -8. 8% below SPH REIT’s daily volume-weighted average price (VWAP) over the last month. 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. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 6 cents. IN THE first half of 2023, the iEdge S-Reit Index gained 2. Date Of Release Of PARAGON REIT's Financial Statements For The Half Year Ended 30 June 2023. It divides the Forward Annualized Dividend by FY1 EPS. SPH REIT : Proposed Scheme Of Arrangement Involving Singapore Press Holdings Limited (Dealing Disclosure) -January 27, 2022 at 09:26 pm EST |. 1 day ago · Synopsis: Hosted by senior correspondent Leslie Yee, PropertyBT from The Business Times shares insights on all things Singapore property to help you on your property investment journey. SPH REIT and SPH REIT Management Pte Ltd Announces Resignation of Chua Hwee Song as Non Executive Non Independent Director. Ltd. Distributed by Public, unedited and unaltered, on 24 May 2022 03:27:07 UTC. The offer to existing SPH shareholders is in the form of cash, SPH REIT, and Keppel REIT. 209 photos. 782 SPH REIT Units per Share (1) Illustrative price based on SPH REIT closing price of S$1. . SPH REIT continues to manage its assets proactively and work with its various stakeholders to capitalise on the gradual market recovery. 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. 4m SPH REIT units, valued at S$20m and 6. 099 per SPH share, which represents a 16. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of. 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. 94 pence (3. More On This Topic Keppel's privatisation offer for SPH viewed positively. 92 per share for SPH REIT and forms a share price cap for the REIT in our view. 58%. Announcement Title. The tenant sales are positive for both Clementi Mall and Westfield while marginal drop for Paragon. 44%, according to CGS-CIMB’s estimates. The company's market. Chief Financial Officer at Paragon REIT (formerly known as SPH REIT) Susan Leng CEO at SPH REIT See all employees Similar pages Starhill Global Real Estate Investment Trust HONG LEONG HOLDINGS LIMITED Real Estate Straits Retail Property Management Services Pte Ltd Real Estate. LTD. SPH REIT is not owned by hedge funds. 596 of a Keppel Reit unit and 0. Login with PasswordKEPPEL Reit has divested its stake in its Brisbane property for A$275 million (S$277. 30pm Mapletree Logistics Trust (SGX:M44U) will be holding an EGM on Monday, 23 November 2020, at 2. Read more at straitstimes. Announcement Details. Distributed by Public , unedited and unaltered, on 27 December 2021 02:56:04 UTC . The ratio is calculated by dividing the trailing 12 months EBITDA by the trailing 12 months interest. 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. SPH REIT. 54%. Disclaimer. The Reit has $1. 0 / 0 %. Join the Membership. Financial Statements And Related Announcement - Half Yearly Results. 27 Feb 2020. More On This Topic SPH seeks to buy back outstanding $500m of 3. 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. 715 per share, and 0.