Sph Reit Management Pte Ltd, 1000 Toa Payoh North, News Centre. SGD 0. More On This Topic. SPH REIT - Paragon Awaits The Return Of Chinese Spenders. Paragon REIT Units Real Estate Investment Trust. 596 of a Keppel Reit unit and 0. 602 in cash and 0. Market / ISIN Code: SGX Mainboard / SG2G02994595. 72 cents for the 4MFY2022 ended Dec 31, 2022, unchanged y-o-y compared to the same period the year before. SPH REIT published this content on 24 June 2022 and is solely responsible for the information contained therein. 19 Jul 2023. Units of SPH Reit rose two cents or 2. Get the latest news and updates on SPH REIT (SGX:SK6U), a Singapore-based real estate investment trust that invests in retail properties. 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. The company's portfolio includes Paragon and The Clementi Mall. This will bring the number of SPH REIT units to be acquired by the offerer and its. THE stakes have been raised in the battle for Singapore Press Holdings (SPH) T39. 66% for 1H FY2022 with a weighted average term to maturity of 2. 782 SPH REIT Units per Share (1) Illustrative price based on SPH REIT closing price of S$1. 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. 3. 4%). 35, while units of SPH Reit ended 0. 8 million in the fiscal year ended July 31 from SG$92. Follow us on Facebook and join our Telegram channel for the latest updates. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. The name change will take effect from Jan 3, 2023, onwards. 21 Jul 2023. 28 Jul 2022. -- SPH REIT's distributable income to unitholders surged 71. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. 5 years. Distributed by Public, unedited and unaltered, on 07 June 2022 03:21:00 UTC. If that happens, Cuscaden will make a takeover offer at 96. 596 Keppel Reit unit and 0. In the mail today they made an offer. 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. The DPU for. In particular, the units of PARAGON REIT have not been and will not be registered under the U. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. Welcome to PARAGON REIT Investor Relations. 02. SPH REIT (SGX:SK6U) provided an update for the third quarter FY2019/20 ended 31 May 2020 yesterday evening. 6 years. 798(1) Being the value of 0. ShareJunction is a FREE Singapore Stocks, Investment and Finance portal providing share investors and traders forum, charts, news, email alerts, price quotes and market data for SGX shares. 4 cents per SPH Reit. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. Ltd. MORE STORIES. SPH REIT published this content on 09 June 2022 and is solely responsible for the information contained therein. CI. The mall is South Australia’s largest shopping centre spanning c. 85-$0. Distributed by Public, unedited and unaltered, on 09 June 2022 03:01:08 UTC. Feb. 13. 2 per cent, at 89 cents on Wednesday. We tweak SPH REIT 's FY21-23F DPU forecast down 0. 2%, announces divestment of five assets. (PBSA) portfolio, SPH REIT’s Figtree Grove and Rail Mall, which helped to offset declines in its media revenue. As a result, the 12-month rental reversion rate for FY2022 was -2. 15am, units in SPH REIT are trading flat at 97 cents, or an FY2022 P/B of 1. Ng has indicated his desire to step down as Director with effect from 1 January 2023. This will comprise cash of 66. The counter rose 1. 20. As at 10. 1. 820. 6m (+11. 596 units) and SPH REIT (0. 964 per unit by the amount of any distribution or return of capital. The REIT justified its action based on challenging conditions in both their Singapore and Australian malls. Platforms. Suburban Propane Partners, L. (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 "). 5 cent and SPH Reits is 71. Paragon, one of the key malls that's part of SPH REIT's portfolio. 6 per cent from DPU of 1. The information behind this electronic gatepost is only being made available to residents of Singapore. S. 6-2% to factor in 2 weeks of mandated rental rebates and lower fees paid in units. The Reit has $1. 9 per cent below SPH Reit's last traded price, on Thursday (Apr 28), of S$0. The Keppel Corporation offer made is a combination of cash ($0. 596 Keppel REIT units valued at S$0. Distributed by Public , unedited and unaltered, on 21 December 2021 03:39:03 UTC . Of course if they do, the new consortium has the right to improve their offer as well. Find out its share. 668), Keppel REIT (0. 668 per share. SPH REIT also holds an 85% equity stake in Figtree Grove, a freehold sub-regional shopping centre in Wollongong New South Wales,. At 90% payout ratio, however, unitholders will receive 1. Apps. 668 per share, 0. 9% in FY19, owing to. From REIT Pulse perspective, SPH REIT has been performing fairly well over the last 3 years. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. On 7th November 2019, SPH REIT announced the acquisition of 50% in Westfield Marion Shopping Centre, Adelaide, South Australia. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions, and sustainable long. SPH Media to acquire Tech in Asia; no layoffs expected. 8 per cent as at end-November, its manager disclosed in a quarterly update last Friday (Jan 7). 8 cents per SPH share plus 0. When was Suburban Propane Partners's most recent dividend payment? Suburban Propane Partners's most recent quarterly dividend payment of $0. 715) and 0. 68 per cent, or about 1. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. The Board and Management firmly believe that success and prosperity depend upon our adherence to ethical business conduct. 1% on a forward basis and below. 400 for each SPH Share1 “Cuscaden Composite Document”: The document dated 28 February 2022. 2 per cent, at 89 cents on Wednesday. The counter code of the REIT will remain unchanged at SK6U. 94 pence (3. The Cuscaden Scheme has become effective and binding in accordance with its terms today, 29 April 2022 (the "Effective Date"). The property was valued at US$210 million as at Dec 31, 2022. 099 per share, comprising cash of 66. 3 = $293 mil. 12-Jul-2021 18:43:20. Jul 01, 2022 11:47 AM. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. the Relevant SPH REIT Unit (being 0. SPH REIT has a healthy balance sheet with low gearing. Paragon REIT (formerly known as SPH REIT) Dec 2018 - Present 5 years. Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. Paragon REIT Reports Unchanged DPU of SG$0. The group holding the most number of shares in the company, around 33% to be precise, is individual investors. According to present data SPH REIT's SK6U shares and potentially its market environment have been in bearish cycle last 12. In particular, the units of PARAGON REIT have not been and will not be registered under the U. SPH REIT is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. As at end-August, its proportion of fixed debt was 71 per cent, with an average cost of debt of 1. If we remove this S$ 7. SPH Reit aims to be a premier retail real estate investment trust with a portfolio of quality income-producing retail properties. 12-Jul-2021 18:43:20. The REIT is bound by a chain offer, resulting from its sponsor’s ongoing. SPH REIT Announces Distribution for the Period from 1 March 2022 to 31 May 2022, Payable on 29 August 2022. 97 dated December 1, 2022. MT. 1. Feb. 020 per SPH REIT Unit as at 12 November 2021). SPH Real Estate Investment Trust (Reit) : SK6U -1. (vi) SPH is deemed to be interested in the Units that TPPL, TPR and the REIT Manager have an interest in. 9 years by NLA/gross rental income. . Loading more data. com Industry Dividends REIT MLP. 03. 596 of a Keppel Reit unit and 0. SPH REIT () Stock Market info Recommendations: Buy or sell SPH REIT stock? Singapore Stock Market & Finance report, prediction for the future: You'll find the SPH REIT share forecasts, stock quote and buy / sell signals below. Net asset value per unit as at 31 August 2022 remained stable at. Disclaimer. 10%) and increased value of Keppel REIT and SPH REIT. 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. 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. General. Distributed by Public , unedited and unaltered, on 16 February 2022 03:03:05 UTC . The names. Paragon REIT SK6U 0% , formerly SPH REIT, has reported a distribution per unit (DPU) of 1. Ltd. 02% (or 515,800) of the votes against. 2% premium over the one-month volume. Disclaimer. SPH REIT announced that SPH REIT is changing its financial year end from 31 August to 31 December. Despite the decline in visitor traffic, FY tenant sales remain resilient. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 38 cents. 86 cents for the period from 24 July 2013 (listing date) to 30 November 2013. P. This offer was worth $2. In an extraordinary general meeting (EGM) held on Dec 9, some 98. SPH REIT (SGX:SK6U)’s 1H22 ending Feb 2022 (FY22) gross revenue grew 1. Platform. 4% in FY18 to 13. SPH Reit's DPU in Q1 down 13% to 1. Thus SPH’s cash and cash equivalent is $312 – $63 x 0. 782 SPH REIT units per share. -0. 782 SPH Reit unit. 3%, while its peers’ DPU yields have generally recovered to their respective 5-year means. 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. Get More Info. SPH REIT’s 3rd Quarter Update for FY2019/20 – A Summary and My Thoughts – The Singaporean Investor. 2% y-o-y. 9450. 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. 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. Felicia Tan Fri, Apr 29, 2022 • 08:19 AM GMT+08 • 2 min read. 8% yoy. Read more at straitstimes. 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. 36. 7K views 03:24. As of 29 February 2020, SPH REIT has a portfolio of 5 assets across Singapore and Australia. Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. 108 (A slight increase due to the improvement of SPH REIT share price). 2 per cent of SPH Reit. SPH REIT has a portfolio of five assets in Singapore and Australia. 08 last Friday after the Reit announced it had raised $164. The Reit will be led by its sponsor, Cuscaden Peak Investments, a consortium of tycoons and investors. IT HAS been just over 8 months since Cuscaden Peak submitted a proposal to the board of directors of Singapore Press Holdings. 798(1) Being the value of 0. Feb. For context, the second largest shareholder holds about 26% of. 0% stake in Westfield Marion Shopping Centre) reported its second quarter results for the financial. Login with PasswordKEPPEL Reit has divested its stake in its Brisbane property for A$275 million (S$277. 36 per share or S$1. My Notes. 6m while NPI increased marginally by 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. Share Price as of: -. THE BUSINESS TIMES: 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 opportunities in the Asia-Pacific retail landscape, the Reit manager said on Thursday. Paragon Reit, previously named SPH Reit, has changed it financial year end from Aug 31 to Dec 31. SPH REIT maintained its strong portfolio occupancy rate of 97. 782 of an SPH Reit unit through a distribution-in-specie by SPH. This came following the completion of an offer by Cuscaden to take SPH (Singapore Press Holdings) private, which resulted in. Price vs Fair Value. Paragon REIT Reports Unchanged DPU of SG$0. S. Officially, PARAGON REIT MANAGEMENT PTE. 602) part share (0. So, the total value of all this when the offer was made was $2. 782 SPH REIT units for every SPH share held. (v) TPPL is a subsidiary of SPH. THE BUSINESS TIMES: 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 opportunities in the Asia-Pacific retail landscape, the Reit manager said on Thursday (Dec 29). S. 715) and 0. 30pm, to seek unitholders' approval on the following: (i) The proposed acquisitions of the remaining 50. However, given its sizable exposure to the high-end retail mall industry, concern over its business operational outlook over the short-term is warranted. of the share. Date &Time of Broadcast. Ltd. 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. 975. Welcome to PARAGON REIT Investor Relations. DPU at 2. 782 of an SPH Reit unit per share. 58%. BM4wkoB-e9p9PBi601taz5eSNkoDxC5wycV2xgrtyiM. 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. Paragon REIT announced dividend of taxable income distribution of 2. 30 cents was based on income available for distribution for the comparative quarter from 1 September 2013 to 30 November 2013. 596 Keppel REIT units valued at S$0. Unlock. 0141 in the same period last year. In their report dated Jan 7, Eing and Lock like that the. 40 per share comprising $1. SPH REIT MANAGEMENT PTE. . Stock Symbol SGX:SK6U. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. com. SPH REIT - SG2G02994595 - SK6U. MT. SPH REIT and SPH REIT Management Pte Ltd Announces Resignation of Chua Hwee Song as Non Executive Non Independent Director. Summary. 1. communications functions in the SPH Group and sits on several steering and senior management committees. TAGS. 668, as well as 0. As part of the arrangement, the company announced that SPH shareholders will receive consideration of S$2. 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. SPH had in August received a privatisation offer from Keppel at S$2. 06 and pre pandemic high of $1. All Island Equity REIT is a diversified real estate investment trust that is focused on British Columbia with around $215 million of assets on Vancouver Island. Under the proposed scheme, they will receive $2. [Announcement] Mapletree Logistics Trust's EGM to be Held on Monday, 23 November 2020, at 2. SPH REIT published this content on 21 December 2021 and is solely responsible for the information contained therein. 64% fromthe prior estimate of 0. The value of Units and the income derived from them, if any, may fall or rise. SPH Reit aims to be a premier retail real estate. 7 per cent, said the Reit in a business update on Monday (Feb 13), and puts the DPU. NPI at S$209. 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”). Announcement Title Mandatory Cash Dividend/ Distribution Date &Time of Broadcast 09-Feb-2022 17:36:49 Status New Corporate Action Reference SG220209DVCAYU2P Submitted By (Co. 74 pence. Follow us on Facebook and join our Telegram channel for the latest updates. 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. 36, or $2. 2. We know SPH REIT has $63 mil in cash but not sure about Seletar Mall. 1. 3m. 3 billion in borrowings at a gearing ratio of 30 per cent and a weighted average term to maturity of 2. General. 4m SPH REIT units, valued at S$20m and 6. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. Disclaimer. There have been a number of acquisitions allowing further growth of the REIT. SINGAPORE PRESS HLDGS LTD ( SGX:T39) SINGAPORE PRESS HLDGS LTD (SGX:T39) has been delisted with effect from 2022-05-13. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. With Keppel REIT and SPH REIT trading at S$1. May 29, 2022. Feb. Payout Ratio (FWD) Fwd Payout Ratio is used to examine if a company’s earnings can support the current dividend payment amount. Live Company UEN: 198402868E 79 ROBINSON ROAD Phone: +65-63196319, +65-63191050 Fomerly known as: SINGAPORE PRESS HOLDINGS PRIVATE LIMITED • SINGAPORE PRESS. 6% improvement in tenant sales for 12MFY2022, in line with a pick up in footfall in the Orchard Road area. 1 file. As a new major unitholder of SPH REIT, Cuscaden has to g. On a QoQ basis, SPH REIT performance is improving. last Friday (29 October), to acquire all of the issued ordinary shares of SPH for S$2. Yes the company SPH REIT (SGX:SK6U) pays a quarterly dividend of $0. 9%, reiterating tenants' confidence in SPH REIT's strategic assets. 0553 (+2. Singapore Hospitality / Property Development / Aluminium Assistant to CFO Stamford Land Corporation (Hospitality / Property Development). 2%. In particular, the units of PARAGON REIT have not been and will not be registered under the U. Goola Warden Thu, Apr 14, 2022 • 08:31 PM GMT+08 • 1 min read. This brings DPU for the second half of FY2021 to 2. 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. In addition, the high occupancy was supported by a high tenant retention ratio of 82. Cuscaden Peak’s offer—which gave SPH shareholders the option of accepting an all-cash offer of S$2. And since they are holding 70% of SPH REIT they have a. Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. 5 cents on Thursday (April 28). Build Retirement Portfolio with S-REIT REITirement - SREIT @REITirement. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 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 opportunities in the Asia-Pacific retail landscape, the Reit manager said on Thursday (Dec 29). 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. This boost SPH REIT’s debt headroom should it needs to raise debt for. Ltd. 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. Recent Buy Backs. Read more at The Business Times. SPH REIT published this content on 22 June 2022 and is solely responsible for the information contained therein. . The Offering consists of (i) an. Platform. Overview of 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. TAGS. . 6). 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. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. 782 SPH REIT units valued at S$0. Share Price as of: -. SGD 0. Ltd. MT. SPH REIT published this content on 15 June 2022 and is solely responsible for the information contained therein. Date &Time of Broadcast. With the easing of Covid19 restrictions- , PARAGON REIT registeredSPH 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. CapitaLand Ascendas Real Estate Investment Trust. Market / ISIN Code: SGX Mainboard / SG2G02994595. SPH REIT published this content on 29 July 2022 and is solely responsible for the information contained therein. 782 SPH REIT units for every SPH share held. (ii) The REIT Manager owns approximately 4. 099 per SPH share, which represents a 16. According to the REIT manager, the new name is “synonymous with quality and excellence”. Therefore, the current financial year will be a 16-month period from 1 September 2021 to 31 December 2022. 41 to 734. This represents an annualised yield of 5. 31b, giving it a gearing ratio of 25. Name) Tay Zheng YuPARAGON REIT is a real estate investment trust that owns and manages prime retail and office properties in Singapore. . Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. . This will bring the Cuscaden Peak and its concert parties’ stake in the real estate investment trust (Reit) to 61. or more of the SPH REIT Units (including those SPH REIT Units held by SPH after the completion of the DIS). 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. SPH REIT published this content on 13 June 2022 and is solely responsible for the information contained therein. Stock analysis for PARAGON REIT (SPHREIT:SP) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 2% premium over the one-month volume. 0 / 0 %. In this post, you will find my review about the REIT's results for the second quarter and first half of the financial year 2020/21 ended 30 September (which was released on 19 October 2020) - particularly, you will read about its financial results, debt and portfolio occupancy profile, as well as its distribution payouts, along with my personal. Based on last Friday's closing prices, the value of Keppel Reits on offer is 71. SPH Reit units shed three cents to close at $1. In this post, you will find a summary (which I've compiled) of the CEO's presentation, questions which fellow attendees have raised during the meeting and responses provided by the management, along with results of 12. 602 cash per share plus 0. 602 of cash per share and 0. It operates through the following segments: Paragon, The Clementi Mall, The Rail Mall, Figtree Grove, and Westfield Marion. 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.