We know SPH REIT has $63 mil in cash but not sure about Seletar Mall. SPH REIT : Proposed Scheme Of Arrangement Involving Singapore Press Holdings Limited (Dealing Disclosure) -January 27, 2022 at 09:26 pm EST |. provides SPH shareholders with either a total consideration of S$2. 64% fromthe prior estimate of 0. SPH REIT Units (the “Relevant SPH REIT Units”) per Share (as defined below); and 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. 06:08 Outlook for Reits. Correspondingly, the REIT’s 3Q 2021 DPU of 1. 5m sqft across a three-storey retail mall,. Market / ISIN Code: SGX Mainboard / SG2G02994595. units of SPH REIT are only being offered outside the United States in reliance on Regulation S under the U. Recent Buy Backs. 16M FY2022 refers to the period 1 September 2021 to 31 December 2022. ) 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. Follow us on Facebook and join our Telegram channel for the latest updates. 52 cents of DPU which was previously withheld from FY2020. REITirement - SREIT. However, given its sizable exposure to the high-end retail mall industry, concern over its business operational outlook. What this means is that SPH, which owns about 65% of SPH REIT, will transfer. Paragon REIT (formerly known as SPH REIT) Dec 2018 - Present 5 years. 66% for 1H FY2022 with a weighted average term to maturity of 2. CUSCADEN Peak's mandatory cash offer to acquire all units of SPH Reit : SK6U +0. 8 cents per SPH share plus 0. FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 748. 9372 per unit, which is the minimum offer price required after adjusting for recent SPH Reit distributions. Share Price as of: -. Blog. S. / Ind. MT. 1% over five years. The Board of Directors of SPH REIT Management Pte. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. Mandatory Cash Dividend/ Distribution. MORE STORIES. com. In an extraordinary general meeting (EGM) held on Dec 9, some 98. 5 cent, or 0. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. [Announcement] Mapletree Logistics Trust's EGM to be Held on Monday, 23 November 2020, at 2. 38B. Contrast this with Parkway Life REIT (SGX: C2PU. SPH REIT Units (via DIS) S$0. Based on its Q3 FY17 report, it has total liabilities of S$922m and total assets of S$3. 0%. SPH REIT - SG2G02994595 - SK6U. SPH REIT's Share Price trades at a compelling yield of 6. Distributed by Public, unedited and unaltered, on 27 May 2022 09:42:19 UTC. 5m sqft across a three-storey. Cuscaden Peak makes cash offer of 93. The mall is South Australia’s largest shopping centre spanning c. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 09% of the Units. or more of the SPH REIT Units (including those SPH REIT Units held by SPH after the completion of the DIS). As at 6 pm on Wednesday, offeror Cuscaden Peak had received valid acceptances of its chain offer in respect of approximately 4. . for the period from 1 January 2023 to 30 June 2023. Get the latest news and updates on SPH REIT (SGX:SK6U), a Singapore-based real estate investment trust that invests in retail properties. Units of SPH Reit closed down two cents, or 2. For the full year, gross revenue and net property income (NPI) jumped 7. 9%, reiterating tenants’ confidence in SPH REIT’s strategic assets. 3 Key Takeaways from me on the Rival SPH offer. Search for stock quotes, share prices, market data and trading information of all equity securities traded on Singapore Exchange. 0% stake in Westfield Marion Shopping Centre) reported its second quarter results for the financial. S. Ltd. S$636. 7% from S$0. 13. Mr Patrick Daniel, Interim CEO of SPH Media Trust, recounted that SPHL had reiterated in its EGM circular to its shareholders that "the listed company model is no longer the best business structure. The name change will take effect from Jan 3, 2023, onwards. In. 3% y-o-y from $3,296. 9372 per unit for all units of SPH REIT. Acquisition ( SPH buys and incubates the property and SPH REIT uses rights issue, placement and debt to acquire it) The third option looks plausible. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. Loading more data. 782 SPH Reit units valued at 79. 4K links. 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. Paragon REIT Reports Unchanged DPU of SG$0. (vii) SPH is a subsidiary of Cuscaden. Ltd. Distributed by Public , unedited and unaltered, on 16 February 2022 03:03:05 UTC . SPH REIT’s 3rd Quarter Update for FY2019/20 – A Summary and My Thoughts – The Singaporean Investor. 0. SPH REIT published this content on 29 July 2022 and is solely responsible for the information contained therein. SPH acquires portfolio of five high quality senior independent living properties in Hokkaido, Nara and Tokyo. 2 billion to buy all of SPH’s shares, bringing the total deal to S. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. The distribution per unit (DPU) of 1. 668, as well as 0. Switch to all cash, and increase the price above $2. 782 SPH Reit units valued at. Payment Of Management Fee (Base Fee) By Way Of Issue Of Units In SPH REIT. 07 / share. This came following the completion of an offer by Cuscaden to take SPH (Singapore Press Holdings) private, which resulted in. 2 per cent of SPH Reit. Consequently, portfolioDisclaimer. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. Feb. Under the proposed scheme, they will receive $2. 9 years by NLA/gross rental income. 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. is registered as Private Limited Company with its address 79. 26. WITH its offer to acquire Singapore Press Holdings (SPH) having been approved by shareholders of the mainboard-listed property player, Cuscaden Peak has started despatching to shareholders the forms for them to choose between getting all cash or a combination of cash and SPH Reit SK6U units. 056 by FY2019, up 3. The name change will take effect from Jan 3, 2023, onwards. SPH REIT has. See what the analysts have to say. 68 per cent, or about 1. sg. 1% of SPH REIT units will be transferred to Cuscaden Peak, against settlement by Cuscaden Peak of the all cash consideration payable in the acquisition of. MORE STORIES. SPH REIT - Paragon Awaits The Return Of Chinese Spenders. DPU for the fiscal year 2014 (FY2014) was S$0. SI stock on Yahoo Finance. Disclaimer. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions, and sustainable long. Securities Act of 1933,. IT HAS been just over 8 months since Cuscaden Peak submitted a proposal to the board of directors of Singapore Press Holdings. 6% has turned unconditional in all respects, according to a bourse filing on Thursday (Jun 2). 5 years. With Keppel REIT and SPH REIT trading at S$1. 351 per share, consisting of S$0. For context, the second largest shareholder holds about 26% of. SPH REIT published this content on 24 June 2022 and is solely responsible for the information contained therein. CGS-CIMB Adjusts Paragon REIT's Price Target to SG$1. 2%, announces divestment of five assets. My Stocks. Retail investors net buy S$390 million of S-Reits in H1 2023. A poor SPH REIT does not bode well for them. Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. 7K views 03:24. SPH REIT, LREIT, KORE, ARA LOG, ESR REIT in list of potential candidates for upcoming FTSE. LTD. The company's market. Suburban Propane Partners, L. Discover historical prices for SK6U. CI. Platform. 2 per cent, at 89 cents on Wednesday. 020 per SPH REIT Unit as at 12 November 2021). 782 SPH REIT units (worth $2. 07 Aug 2023. 3250 per share was made to shareholders on Tuesday, November 14, 2023. Ltd. With Keppel REIT and SPH REIT trading at S$1. Read more at The Business Times. 596 of a Keppel Reit unit and 0. 602 of cash per share and 0. 782 SPH Reit share) offer is valued much lesser today. 06 and pre pandemic high of $1. 3) 0. One word of caution is that SPH have purchase Clementi mall by outbidding the other REITs dramatically . LTD. 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. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. More On This Topic. 782 SPH REIT units for every SPH share held. 8%,. Build Retirement Portfolio with S-REIT REITirement - SREIT @REITirement. Search for stock quotes, share prices, market data and trading information of all equity securities traded on Singapore Exchange. The Cuscaden Scheme has become effective and binding in accordance with its terms today, 29 April 2022 (the "Effective Date"). The real estate investment trust's gross. 7 million, up 1. In all, this values SPH at $3. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. 596 Keppel Reit unit (valued at $0. 30pm Mapletree Logistics Trust (SGX:M44U) will be holding an EGM on Monday, 23 November 2020, at 2. Daily Volume & Value Traded includes Ready Market & Off Market transactions. As part of the renewal process of the Board, Mr. 596 Keppel Reit units valued at 71. Its portfolio of Singapore properties comprises Paragon, The Clementi Mall and The Rail Mall, with an aggregate net lettable area of about. 9%, reiterating tenants' confidence in SPH REIT's strategic assets. 668 per share. (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 "). 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. SPH REIT Management Pte. You are in SGX. 0553 (+2. Thus SPH’s cash and cash equivalent is $312 – $63 x 0. Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. 6). Issued by SPH REIT Management Pte. CI. 8% in 1Q22 was stable q-o-q and rose y-o-y from 97. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of. THE manager of SPH Reit on Monday announced distribution per unit (DPU) of 1. 90 Projected DPU Yield = 5. 3 million. 4 cents per SPH Reit. This offer was worth $2. 3 per cent to 90. About the company. 1 file. 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. 099 per SPH share, which represents a 16. 3% quarter-on-quarter (QoQ) and 313. "Keppel will hold a remaining stake in SPH REIT and Keppel REIT of. In their report dated Jan 7, Eing and Lock like that the. 8 cents per share; or an all-cash offer of $2. 05 (1. Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. The change will take effect from Jan 3 at 9am,. 9372 is: 3. 10. 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. 4. 782 SPH REIT units per share. 782 of an SPH Reit unit. 91). SPH REIT published this content on 03 June 2022 and is solely responsible for the information contained therein. sg. 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. 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. Chain offer price for SPH REIT. 74 pence. 13 and S$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. Change Of Name Of SPH REIT And The Manager. General. Stock Symbol SGX:SK6U. Login with PasswordKEPPEL Reit has divested its stake in its Brisbane property for A$275 million (S$277. SPH REIT announced the acquisition of a 50% stake in Westfield Marion along Diagonal Road, Adelaide for A$670m (c. Industry analysis of Real Estate Operations using Porter Five Forces can help SPH REIT to avoid spaces that are. 602 cash and 0. 2 per cent of SPH Reit having completed its scheme to take SPH private. 86 cents for the period from 24 July 2013 (listing date) to 30 November 2013. In particular, the units of PARAGON REIT have not been and will not be registered under the U. When was Suburban Propane Partners's most recent dividend payment? Suburban Propane Partners's most recent quarterly dividend payment of $0. Singapore Hospitality / Property Development / Aluminium Assistant to CFO Stamford Land Corporation (Hospitality / Property Development). Disclaimer. Paragon Shopping Mall, which is part of the REIT's portfolio. Get More Info. 782 SPH REIT units per share. 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 2022 Grant Of Award And Notice Of Transfer Of SPH REIT Units Under Performance Unit Award. 9m SPH shares, valued at S$10m), as well as SPH’s. 10 a share. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. Its final offer for SPH is S$2. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. 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. Platforms. 2 per cent, at 89 cents on Wednesday. The information behind this electronic gatepost is only being made available to residents of Singapore. Ltd. The distribution per unit (DPU) of 1. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. IPO Price = $0. Read more at straitstimes. 716 per share from a distribution in-specie by SPH. Platform. SGD 0. The Cuscaden Peak offer comes in two options: $1. SPH REIT and SPH REIT Management Pte Ltd Announces Resignation of Chua Hwee Song as Non Executive Non Independent Director. Distributed by Public, unedited and unaltered, on 20 May 2022 02:54:02 UTC. is ACRA - registered entity that has been operating for 10 years 8 months in Singapore since its incorporation in 2013. S. SPH REIT. As part of the arrangement, the company announced that SPH shareholders will receive consideration of S$2. MT. SPH's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Dividend. More On This Topic. 668, as well as 0. Ltd. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. SPH REIT published this content on 07 June 2022 and is solely responsible for the information contained therein. is managed by SPH REIT Management Pte. Disclaimer. 27 Feb 2020. The value of SPH REIT Units and the income derived from them, if any, may fall or rise. SPH REIT will be part of the sponsor privatisation offer by Keppel Corporation(SGX:BN4). Paragon REIT Units Real Estate Investment Trust. SPH REIT’s key asset is the Paragon mall, which enjoyed a 25. Unlock. 6m while NPI increased marginally by 0. 099 per share. 92 per share for SPH REIT and forms a share price cap for the REIT in our view. SPH REIT published this content on 17 June 2022 and is solely responsible for the information contained therein. com. Singapore’s largest omnichannel media network, bringing you trusted news and lifestyle content across print, digital, radio and outdoor mediaPARAGON Real Estate Investment Trust (Reit), previously known as SPH Reit, declared a distribution per unit (DPU) of 1. 9640 per unit on 29 April 2022. 5%, with no refinancing due till June 2021. Securities Act of 1933, as amended (the "U. 4 billion. 44%, according to CGS-CIMB’s estimates. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. 0141 in the same period last year. 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. 48K subscribers. 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. 28 Jul 2022. 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. SK6U. This presentation may also contain forward-looking statements that involve risks and uncertainties. 9% above the NAV as at 28 February 22. 72 cents per unit, the minimum offer price for SPH Reit. Announcement Details. Cuscaden Peak Pte. The company is based in Singapore. 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. 36 apiece. 602 cash per share plus 0. Data from SPH REIT’s latest disclosure have been updated into the Singapore REITs table. The information behind this electronic gatepost is only being made available to residents of Singapore. 1% on a forward basis and below. the Relevant SPH REIT Unit (being 0. 5% as at 31 August 2020 which is way below the permissible limit giving them the headroom for further acquisition. 20. Elite Commercial REIT 1HFY2023 DPU falls 24. 1 per cent in total return terms, after a challenging 2022 which saw it decline 12 per cent. 8 million in the fiscal year ended July 31 from SG$92. 782) + Cash ($1. 099 per share when it was tabled. SPH REIT’s Financial Results in the Current Year (1H FY2019/20) Compared to the Previous Year (1H FY2018/19) SPH REIT released its financial results for first half of the financial year 2019/20 (also known at 1H FY2019/20) last week (on 01 April 2020. S. The counter rose 1. 0 / 0 %. Stock XSES Rating as of Nov 17, 2023. 8% y-o-y to S$277. **Close price adjusted for splits and dividend and/or capital gain distributions. Read more at straitstimes. The Reit is sponsored by media and property group SPH. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. The names. 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. Operating Status Active. 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. Cost of debt was at 1. Highlights of the podcast: 00:55 Underperformance of Reits. 30pm, to seek unitholders' approval on the following: (i) The proposed acquisitions of the remaining 50. 8 per cent voted against it. PARAGON REIT MANAGEMENT PTE. The recent restriction easing and border opening should improve SPH REIT's performance moving forward. (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 "). The offer to existing SPH shareholders is in the form of cash, SPH REIT, and Keppel REIT. Last Funding Type Post-IPO Equity. SPH REIT is managed by SPH REIT Management Pte. 602 cash and 0. Join REITirement - SREIT. Share Price as of: -. Disclaimer. 41 to 734. 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. This represents an annualised yield of 5. com: The #1 Source For Dividend Investing. Build Retirement Portfolio with S-REIT. Paragon REIT Reports Unchanged DPU of SG$0. communications functions in the SPH Group and sits on several steering and senior management committees. SPH REIT and SPH REIT Management Pte Ltd Announces Resignation of Chua Hwee Song as Non Executive Non Independent Director Jul 07 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. 0% interest in 15 properties, and a 100. Valuing Others – Associates, Joint Ventures (Property Development. 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. When SPH REIT announced its FY19 full year results, I mentioned that the debt gearing currently stood at 27. Disciplined Capital Management. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. General. . Blog. SPH REIT’s growth momentum continued into 4Q19, both organically and inorganically. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. 1. In addition, the high occupancy was supported by a high tenant retention ratio of 82. Disclaimer. Note Includes only corporate actions with Ex-Date within upcoming 3 months. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. The overall positive financial results were a little surprising to me. SPH REIT's stands as one of the key beneficiaries of Singapore’s reopening with the largest exposure to Orchard retail, with Paragon mall anchoring 65% of its portfolio (by asset valuation). Disclaimer. 1. 020 per SPH REIT Unit as at 12 November 2021, being the Last Trading Day. The Offering consists of (i) an. 04% up at 97. It operates through the following segments: Paragon, The Clementi Mall, The Rail Mall, Figtree Grove, and Westfield Marion. 5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. 40 per share comprising $1. Market / ISIN Code: SGX Mainboard / SG2G02994595. 3% y-o-y respectively, mainly on contributions from Figtree Grove (Sydney) and full year contribution from Rail Mall. A look at the shareholders of SPH REIT ( SGX:SK6U ) can.