596 units) and SPH REIT (0. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions. 2. As of 29 February 2020, SPH REIT has a portfolio of 5 assets across Singapore and Australia. More On This Topic Keppel's privatisation offer for SPH viewed positively. 0172 for Four Months to December 2022 Period. Join REITirement - SREIT. Financial Statements And Related Announcement - Half Yearly Results. 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. 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. 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. (NYSE: ABR) is a Long Island, New. SINGAPORE: SPH Media has entered into an agreement to acquire technology media company Tech in Asia (TIA). SPH REIT renames to Paragon REIT from January 3rd, 2023. 6% has turned unconditional in all respects, according to a bourse filing on Thursday (Jun 2). *Close price adjusted for splits. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. Download Telegram About. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. When SPH REIT announced its FY19 full year results, I mentioned that the debt gearing currently stood at 27. Distributed by Public, unedited and unaltered, on 24 May 2022 03:27:07 UTC. The company's market. Take a look at five REITs with recent insider buying that could be a tip-off that better times are ahead. The counter code of the REIT will remain unchanged at SK6U. SPH Reit aims to be a premier retail real estate investment trust with a portfolio of quality income-producing retail properties. 2 per cent, at 89 cents on Wednesday. Announcement Details. 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. Ltd. The offer to existing SPH shareholders is in the form of cash, SPH REIT, and Keppel REIT. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. One thing I would like to point out is that the distribution for 1H FY 21 includes the release of approximately S$7. SPH REIT is managed by SPH REIT Management Pte. Prior to that, shares of SPH closed flat at $2. Industry analysis of Real Estate Operations using Porter Five Forces can help SPH REIT to avoid spaces that are. Indeed, the consortium subsequently announced the chain offer of SPH REIT at $0. 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. More On This Topic SPH seeks to buy back outstanding $500m of 3. SPH REIT Management Pte. Photo: Samuel Isaac Chua/The Edge Singapore. 5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. 7m (+3. 86 cents for the period from 24 July 2013 (listing date) to 30 November 2013. Build Retirement Portfolio with S-REIT. 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. 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. Platforms. 13 and S$0. 3 per cent to 90. Based on current share price of SPH Reit ($0. THE BUSINESS TIMESperformance of SPH REIT is not necessarily indicative of its future performance. Paragon REIT Reports Unchanged DPU of SG$0. 602 cash per share plus 0. 2% premium over the one-month volume. PARAGON REIT MANAGEMENT is a Subsidiary Company of. The mall is South Australia’s largest shopping centre spanning c. 4 Effective Date. The offer by Cuscaden is required by the Singapore Code on Take-overs and Mergers, as it now owns 47. On a QoQ basis, SPH REIT performance is improving. THE chain offer for SPH Reit has closed with valid acceptances in respect of 402. Payout Ratio (FWD) Fwd Payout Ratio is used to examine if a company’s earnings can support the current dividend payment amount. 3 billion in borrowings at a gearing ratio of 30 per cent and a weighted average term to maturity of 2. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. 1 file. IT HAS been just over 8 months since Cuscaden Peak submitted a proposal to the board of directors of Singapore Press Holdings. The change will take effect from Jan 3 at 9am, with the existing counter code SK6U remaining unchanged. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. Paragon REIT SK6U 0% , formerly SPH REIT, has reported a distribution per unit (DPU) of 1. 7% from S$0. 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. Change Of Name Of SPH REIT And The Manager. The Manager’s key objective for SPH REIT is to provide Unitholders with regular and stable. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. 3m. 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. SPH REIT is not owned by hedge funds. 782 of an SPH Reit unit through a distribution-in-specie by SPH. 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 Units are not obligations of, deposits in, or guaranteed by the SPH REIT Manager or any of its affiliates. If that happens, Cuscaden will make a takeover offer at 96. FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 748. Note Short Sell volume according to the Daily. In all, this values SPH at $3. 4 total based on SPH REIT closing price of S$1. , 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”). SPH REIT (SGX:SK6U) ’s portfolio occupancy at 98. 9%, reiterating tenants' confidence in SPH REIT's strategic assets. SPH REIT Discloses Valuation of Shopping Malls 2022: MT Paragon REIT Reports Earnings Results for the Full Year Ended August 31, 2022 2022: CI SPH REIT Announces Distribution for the Period from 1 June 2022 to 31 August 2022, Payable on 25 November 2022Stock analysis for PARAGON REIT (SK6U:Singapore) including stock price, stock chart, company news, key statistics, fundamentals and company profile. SPH shareholders will be entitled to 0. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 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. . 9372 per unit for all units of SPH REIT. SGD 0 0 / 0 % Share Price as of: -Market / ISIN Code: SGX Mainboard / SG2G02994595. LTD. SPH REIT Commits To Provide Tenants'. In addition, the high occupancy was supported by a high tenant retention ratio of 82. The information behind this electronic gatepost is only being made available to residents of Singapore. 9 years by NLA/gross rental income. PARAGON REIT MANAGEMENT PTE. or more of the SPH REIT Units (including those SPH REIT Units held by SPH after the completion of the DIS). SK6U | Complete Paragon REIT stock news by MarketWatch. Stock analysis for PARAGON REIT (SPHREIT:SP) including stock price, stock chart, company news, key statistics, fundamentals and company profile. SPH REIT. 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). 5 cents on Jan 12. SPH REIT's inaugural distribution was 1. SPH REIT MANAGEMENT PTE. Securities Act of 1933, as amended (the "U. Based on its Q3 FY17 report, it has total liabilities of S$922m and total assets of S$3. General. SPH REIT Units. Welcome to PARAGON REIT Investor Relations. SPH REIT Management Pte. Disclaimer. So, the total value of all this when the offer was made was $2. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. (v) TPPL is a subsidiary of SPH. Paragon REIT announced dividend of taxable income distribution of 2. The move will serve to "strengthen the offerings of SPH Media and, in particular, that of The Business Times", the group said in a media release on Wednesday (Nov 1). SPH REIT's inaugural distribution was 1. Unlock. Paragon Shopping Mall, which is part of the REIT's portfolio. 1 file. 2 cents, Business News & Top. 26. " SPH is a media organisation whose portfolio also includes properties, broadcasting, and events and. Asia’s most international, multi-asset exchange, operating securities, fixed income and derivatives markets to the highest regulatory standards. 782 SPH Reit units valued at 79. Paragon REIT engages in the direct and indirect investments on a portfolio of income-producing real estate used primarily for retail purposes. 98, respectively, as of 28 October 2021, the total consideration is now around S$2. 4%). 2 cents, Business News & Top. 72 cents per unit, the minimum offer price for SPH Reit. The Keppel Corporation offer made is a combination of cash ($0. 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. SPH shareholders will be entitled to 0. Distributed by Public, unedited and unaltered, on 22 June 2022 03:24:01 UTC. 5 cents on Thursday (April 28). Build Retirement Portfolio with S-REIT REITirement - SREIT @REITirement. [Announcement] Mapletree Logistics Trust's EGM to be Held on Monday, 23 November 2020, at 2. (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 "). 36 per SPH share, or an alternative of $2. Ltd. Apps. She is also a member of the NUS Law Advisory Council and Temasek Junior Collegewith Cuscaden Peak Pte. Jul 01, 2022 11:47 AM. 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. TAGS. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 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. Feb. Disclaimer. SPH REIT published this content on 27 December 2021 and is solely responsible for the information contained therein. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. Based on closing price of S$0. 209 photos. Build Retirement Portfolio with S-REIT. 003, a shocking decline of 78. 35, while units of SPH Reit ended 0. We have obtained all other information prior to the dateSPH already has a privatisation offer from Keppel Corporation made in August this year. 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. BY WAY OF ISSUE OF UNITS IN SPH REIT The Board of Directors of SPH REIT Management Pte. SPH REIT Units (the “Relevant SPH REIT Units”) per Share (as defined below); and 1. 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. S. News. 14. The Board of Directors of SPH REIT Management Pte. 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). From REIT Pulse perspective, SPH REIT has been performing fairly well over the last 3 years. When was Suburban Propane Partners's most recent dividend payment? Suburban Propane Partners's most recent quarterly dividend payment of $0. 4K links. IPO Price = $0. A physician or nurse practitioner. The property was valued at US$210 million as at Dec 31, 2022. We know SPH REIT has $63 mil in cash but not sure about Seletar Mall. Chain offer price for SPH REIT. Disclaimer. 28 Jan 2021. Distributed by Public, unedited and unaltered, on 27 May 2022 09:42:19 UTC. 8% below SPH REIT’s daily volume-weighted average price (VWAP) over the last month. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. 17 Mar 2020. 8%,. As a new major unitholder of SPH REIT, Cuscaden has to g. Follow us on Facebook and join our channel for the latest updates. Distributed by Public, unedited and unaltered, on 07 June 2022 03:21:00 UTC. The group holding the most number of shares in the company, around 33% to be precise, is individual investors. This will comprise cash of 66. is currently the largest shareholder, with 31% of shares outstanding. SPH acquires portfolio of five high quality senior independent living properties in Hokkaido, Nara and Tokyo. SPH REIT published this content on 07 June 2022 and is solely responsible for the information contained therein. 9640 per unit on 29 April 2022. 10. SPH REIT is a real estate investment trust that invests in income-producing retail malls in Singapore and Australia. More On This Topic Keppel's privatisation offer for SPH viewed positively. 099 per SPH share, which represents a 16. 9400. 5 cents per share, and 0. Against the backdrop of global vaccination drives and a gradual recovery in tenants’ sales, SPH REIT’s near-term focus is to maintain healthy occupancy and sustainable rental income in. 98% (or 2,076,990,163) of the votes for, and 0. SPH Real Estate Investment Trust (Reit) : SK6U -1. In their report dated Jan 7, Eing and Lock like that the. 98, respectively, as of 28 October 2021, the total consideration is now around S$2. 40 per share, comprising $1. 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. 782) + Cash ($1. SPH REIT, in my opinion, is a decently-run REIT that has demonstrated a good track record of NPI and DPU growth. In particular, the units of PARAGON REIT have not been and will not be registered under the U. Feb. 6%. 64 per cent of total issued SPH Reit units. Securities Act of 1933,. 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. A look at the shareholders of SPH REIT ( SGX:SK6U ) can tell us which group is. SPH shareholders will be entitled to 0. 0 / 0 %. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. To put that amount in perspective, SPH is currently trading at S$1. 2 million. 8% y-o-y) and NPI of S$202. 0% interest in 15 properties, and a 100. 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. 3. More On This Topic. 12-Jul-2021 18:43:20. Name) Tay Zheng YuPARAGON REIT is a real estate investment trust that owns and manages prime retail and office properties in Singapore. For Immediate Release Media Release SPH REIT successfully secures refinancing of S$280 million in a five-year loan 29. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. LTD. My Notes. CUSCADEN PEAK INVESTMENTS PRIVATE LIMITED. 0% stake in Westfield Marion Shopping Centre) reported its second quarter results for the financial. The REIT is bound by a chain offer, resulting from its sponsor’s ongoing. 964 per unit by the amount of any distribution or return of capital. com. 2%, announces divestment of five assets. Feb. Disclaimer. 72 Singapore cents for the four months ended Dec 31, 2022, unchanged from a year ago. Sph Reit Management Pte Ltd, 1000 Toa Payoh North, News Centre. Here’re some comparisons. Stock Symbol SGX:SK6U. On the back of improved operating performance across its portfolio, SPH REIT has reported gross revenue of SGD209. Cuscaden Peak’s offer—which gave SPH shareholders the option of accepting an all-cash offer of S$2. Stock XSES Rating as of Nov 17, 2023. The recent restriction easing and border opening should improve SPH REIT's performance moving forward. Share Price as of: -. 868 per share in cash, 0. 8 million changing hands. The distribution per unit (DPU) of 1. Ltd. SPH REIT has a portfolio of five assets in Singapore and Australia. Paragon REIT (formerly known as SPH REIT) Dec 2018 - Present 5 years. (vi) SPH is deemed to be interested in the Units that TPPL, TPR and the REIT Manager have an interest in. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. Includes hours of operation for specific types of medical imaging at Saanich Peninsula Hospital. 40 per share comprising $1. Contact Email [email protected] REIT's (SGX:SK6U) stock is up by 1. SK6U. 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. Indeed, the consortium subsequently announced the chain offer of SPH REIT at $0. 9372 per unit, which is the minimum offer price required after adjusting for recent SPH Reit distributions. Market / ISIN Code: SGX Mainboard / SG2G02994595. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. SPH REIT (SGX:SK6U), a pure-play retail REIT with properties in Singapore and Australia, released its results for the first half of the financial year 2021/22 last Friday evening (01 April 2022. 28 Jan 2021. SPH shareholders will receive cash of S$0. General. Despite the decline in visitor traffic, FY tenant sales remain resilient. 2 million a year ago. 9%, reiterating tenants' confidence in SPH REIT's strategic assets. In its upcoming financial release, for which it has yet to confirm the release date, the Reit is expected to report a 16-month. 602 in cash and 0. Headquarters. SPH REIT has a healthy balance sheet with low gearing. 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. SPH REIT published this content on 13 June 2022 and is solely responsible for the information contained therein. SPH REIT is not owned by hedge funds. 21 Jul 2023. 96, Keeps at Hold. 602 in cash and 0. (SPH) dividend growth history: By month or year, chart. As at Aug 31, SPH REIT’s portfolio is valued at $3,338. com: The #1 Source For Dividend Investing. 01% of the Units. 4% in FY18 to 13. Paragon Reit, previously named SPH Reit, has changed it financial year end from Aug 31 to Dec 31. Disclaimer. As at 6 pm on Wednesday, offeror Cuscaden Peak had received valid acceptances of its chain offer in respect of approximately 4. 70851. 94 pence (3. 28 Jan 2021. 596 of a Keppel Reit unit and 0. Disclaimer. It adde. 3 = $293 mil. However, given its sizable exposure to the high-end retail mall industry, concern over its business operational outlook. 06:08 Outlook for Reits. Cuscaden Peak. Securities Act or otherwise pursuant to an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and in compliance with any applicable securities laws of any state or. Follow us on Facebook and join our Telegram channel for the latest updates. DPU at 2. Download Telegram About. 099 per share. Find out all the key statistics for Paragon REIT (SK6U. MORE STORIES. 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. Summary. Distributed by Public, unedited and unaltered, on 24 June 2022 02:45:00 UTC. Data from SPH REIT’s latest disclosure have been updated into the Singapore REITs table. SPH REIT announced the acquisition of a 50% stake in Westfield Marion along Diagonal Road, Adelaide for A$670m (c. Payment Of Management Fee (Base Fee) By Way. 72 cents per unit, which is the minimum offer price. Dividends Ranking. Cuscaden Peak Pte. As at 10. -- SPH REIT's distributable income to unitholders surged 71. . 820. 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. 0. 9% and 8. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. SI) stock quote, history, news and other vital information to help you with your stock trading and investing. 2 Acquisition: upon the DIS taking effect, a proposed acquisition (the “Acquisition”) by the Offeror of all the issued and paid. (iii) TPPL owns approximately 0. 3 billion in borrowings at a gearing ratio of 30 per cent and a weighted average term to maturity of 2. Disclaimer. S. 6). SPH bidding war ‘imminent’: UOB analysts. The information behind this electronic gatepost is only being made available to residents of Singapore. SPH REIT Management Pte Ltd, the Manager of the Trust (“the Manager”) is responsible for the other information contained in the annual report. 9 per cent higher at $2. 6m (+11. Home Guide Guide to Dividend. LTD. 2 billion to buy all of SPH’s shares, bringing the total deal to S. 108 (A slight increase due to the improvement of SPH REIT share price). 1. **Close price adjusted for splits and dividend and/or capital gain distributions. The change will take effect from Jan 3 at 9am,. Loading more data. 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. 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. 58 Singapore cents for the fourth quarter ended August. Does anyone know what will happen? I had 2 lots (2000 shares) of SPH. 13 and S$0. THE manager of SPH Reit on Monday announced distribution per unit (DPU) of 1. 54K subscribers. CUSCADEN Peak's mandatory cash offer to acquire all units of SPH Reit : SK6U +0. 6. FY2021 refers to the period 1 September 2020 to 31 August 2021. 40 per. 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. Highlights of the podcast: 00:55 Underperformance of Reits. SPH shares closed 0. 9m (+1.