8 cents per share, 0. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. SPH REIT invests in retail properties in Asia-Pacific. SK6U. Securities Act of 1933, as amended (the "U. Security. 2% y-o-y. or more of the SPH REIT Units (including those SPH REIT Units held by SPH after the completion of the DIS). Distributed by Public , unedited and unaltered, on 25 November 2021 03:09:02 UTC . Share Price as of: -. 056 by FY2019, up 3. 94 pence (3. CI. Feb. 1. Cuscaden Peak Pte. 782 SPH REIT units (worth $2. Distributed by Public, unedited and unaltered, on 25 April 2022 03:18:03 UTC. Despite the decline in visitor traffic, FY tenant sales remain resilient. Ltd. 020 per SPH REIT Unit as at 12 November 2021). SPH REIT published this content on 07 June 2022 and is solely responsible for the information contained therein. 9m SPH shares, valued at S$10m), as well as SPH’s. 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. of the share. 91). Legal Name SPH REIT Management Pte Ltd. 64% fromthe prior estimate of 0. 099 per share. SK6U. This came following the completion of an offer by Cuscaden to take Singapore Press Holdings (SPH) private, which resulted in Cuscaden and its concert parties owning 47. 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 million (0. 36 apiece. 99, or 5. Our data shows SPH REIT has a return on equity of 5. This presentation may also contain forward-looking statements that involve risks and uncertainties. The offer price translates to a valuation of S$0. CGS-CIMB Adjusts Paragon REIT's Price Target to SG$1. 13. SPH REIT maintained its strong portfolio occupancy rate of 97. 2 billion to buy all of SPH’s shares, bringing the total deal to S. From REIT Pulse perspective, SPH REIT has been performing fairly well over the last 3 years. (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 "). 09% of the Units. 9% in FY19, owing to. Distributed by Public, unedited and unaltered, on 03 June 2022 03:21:01 UTC. 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. 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. MT. 04% up at 97. 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 2022SPH REIT did not declare any distributions during the quarter as it is bound by the Singapore takeover code on the back of the possible chain offer by Cuscaden. SPH REIT is trading at ~6% DPU yield, below its 5-year mean of 5. An investment in SPH REIT Units is subject to investment risks, including the possible loss of the principal amount. SPH REIT. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption. 07 / share. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. The REIT justified its action based on challenging conditions in both their Singapore and Australian malls. 782 SPH REIT units for every SPH share held. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. 5 million through the private placement. 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. Units in SPH REIT closed 1 cent higher or 1. S$636. The REIT is bound by a chain offer, resulting from its sponsor’s ongoing. 8%,. It is now offering each SPH shareholder the option of an all-cash offer of $2. SPH REIT's Share Price trades at a compelling yield of 6. 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 2022SPH REIT recognises that effective corporate governance lays the foundation for stakeholders’ trust, as well as the sustainability and viability of all business operations. 02. 商业时报Find detailed analysis of Singapore-listed companies, along with advices on long-term investing and short-term trading here. SPH REIT published this content on 21 December 2021 and is solely responsible for the information contained therein. 782 of an SPH Reit unit. 9 per cent higher at $2. 782 SPH REIT units per share. 2%. SGD 0. 0141 in the same period last year. This was an improvement from its 97. Prior to that, shares of SPH closed flat at $2. SPH REIT adopts a proactive and disciplined capital management approach. Ltd. 9%, reiterating tenants’ confidence in SPH REIT’s strategic assets. 6%. 7 million, up 1. 4% in FY18 to 13. 9%, reiterating tenants' confidence in SPH REIT's strategic assets. MT. 596 of a Keppel Reit unit and 0. 02 at that time (15 Nov 2021), This part cash ($1. 5 cent, or 0. 099 per SPH share, which represents a 16. Based on current price of SPH REIT, the alternative will fetch $2. Of course if they do, the new consortium has the right to improve their offer as well. 12-Jul-2021 18:43:20. It operates through the following segments. Disclaimer. On Monday evening (29 March 2021), SPH REIT (SGX:SK6U), with properties in Singapore (namely Paragon, The Clementi Mall, and The Rail Mall) and in Australia (a 85. 4 total based on SPH REIT closing price of S$1. Share Price as of: -. They purchase based on a forward looking income basis, which means that there are. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. Paragon REIT Reports Unchanged DPU of SG$0. This boost SPH REIT’s debt headroom should it needs to raise debt for. NPI at S$209. 003, a shocking decline of 78. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. 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. Company Type For Profit. SGD 0. 40 per share, comprising $1. 782 SPH Reit units valued at. The Board of Directors of SPH REIT Management Pte. Therefore, the current financial year will be a 16-month period from 1 September 2021 to 31 December 2022. provides SPH shareholders with either a total consideration of S$2. 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 valued at S$0. 9% less than the total consideration. Recent Buy Backs. Chain offer price for SPH REIT. SPH REIT has. Payment Of Management Fee (Base Fee) By Way. 602 cash per share plus 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. 48K subscribers. Stock Symbol SGX:SK6U. 715 per share, and 0. A look at the shareholders of SPH REIT ( SGX:SK6U ) can. 15. 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. The distribution per unit (DPU) of 1. A poor SPH REIT does not bode well for them. (iii) TPPL owns approximately 0. completed the acquisition of an additional 14. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. Unlock. 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. 68 cents for 1H FY2022, increasing by 9. Paragon REIT engages in the direct and indirect investments on a portfolio of income-producing real estate used primarily for retail purposes. Yes the company SPH REIT (SGX:SK6U) pays a quarterly dividend of $0. 9640 per unit on 29 April 2022. The name change will take effect from Jan 3, 2023, onwards. 782 SPH REIT shares with an indicative value of. PARAGON REIT MANAGEMENT PTE. Founded Date 2013. Disciplined Capital Management. 8 cents per share, as well as 0. Since the takeover from Morgan Stanley, read in news that each stock will become SPH REIT (0. of the share. 15am, units in SPH REIT are trading flat at 97 cents, or an FY2022 P/B of 1. 9 per cent. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Market / ISIN Code: SGX Mainboard / SG2G02994595. All this comes after Cuscaden sweetened its first bid - in a battle with Keppel Corp for SPH - with an all-cash offer of $2. 782 SPH REIT shares with an indicative value of. Build Retirement Portfolio with S-REIT. On a QoQ basis, SPH REIT performance is improving. In particular, the units of PARAGON REIT have not been and will not be registered under the U. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. 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. 596 units) and SPH REIT (0. 099 per share, comprising cash of 66. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. 86 cents for the period from 24 July 2013 (listing date) to 30 November 2013. News. 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 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. Announcement Title: Change in Issuer Name: Date & Time of Broadcast: Dec 29, 2022 12:50: Status: New: Announcement Reference:. SPH REIT : Proposed Scheme Of Arrangement Involving Singapore Press Holdings Limited (Dealing Disclosure) -January 27, 2022 at 09:26 pm EST |. 4m SPH REIT units, valued at S$20m and 6. But substantially below the 52-week high of $1. 9% and 8. 5% which I felt is low for a retail REIT and there is definitely further room for more acquisitions. The higher topline results were due to full year. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 68 per cent, or about 1. This offer comprises cash of $0. Last Funding Type Post-IPO Equity. This includes a cash injection of $80 million, $30 million worth of SPH shares and SPH REIT units (Approximately 23. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 06 and pre pandemic high of $1. 5 per cent, lower at 97 cents. 2 Acquisition: upon the DIS taking effect, a proposed acquisition (the “Acquisition”) by the Offeror of all the issued and paid. SINGAPORE PRESS HLDGS LTD ( SGX:T39) SINGAPORE PRESS HLDGS LTD (SGX:T39) has been delisted with effect from 2022-05-13. Elite Commercial REIT has posted distribution per unit (DPU) of 1. 0. 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). 602 in cash and 0. The part cash part share offer dated 15 Nov 2021 is based on the SPH Reit price of $1. SGD 0 0 / 0 % Share Price as of: -Market / ISIN Code: SGX Mainboard / SG2G02994595. 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. 3 = $293 mil. 052/SPH share between 30 July 2021 to 9 November 2021 due to changes in unit prices of Keppel REIT and SPH REIT. As at Aug 31, SPH REIT’s portfolio is valued at $3,338. How long has SPH REIT been paying dividends? SPH REIT (SGX:SK6U) stock has been paying dividend to its shareholders since 01/15/2014. 72 cents per unit, which is the minimum offer price. The Rail Mall. SPHR has been listed on the Singapore Stock Exchange (“SGX”) since 24 July 2013 and has a market capitalization of SGD2. 36, or $2. SPH REIT’s Portfolio: With a total of just 2 retail malls during its IPO (Paragon and The Clementi Mall), CEO Ms Susan Leng shared that its portfolio have expanded to 5 malls – with The Rail Mall acquired in June 2018, an 85% stake in the Figtree Grove (in Australia) acquired in December 2018, and a 50% stake in Westfield Marion (in. 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. Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. 1 file. 28 Jul 2022. 36. The offer is made for all the units in SPH REIT, other than those already owned, controlled or agreed to be acquired by Cuscaden Peak and parties acting in concert with the offeror. 28 Jan 2021. SPH REIT has. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. Ltd. In its regulatory filing furnished to. Platform. 3% y-o-y. The distribution per unit (DPU) of 1. Announcement Details. 19 Jul 2023. 30pm on June 30. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. 3. 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). The name change will take effect from Jan 3, 2023, onwards. Blog. Morningstar Rating. 8 per cent as at end-November, its manager disclosed in a quarterly update last Friday (Jan 7). Under the proposed scheme, they will receive $2. $12. 868 per share in cash, 0. SPH REIT published this content on 27 May 2022 and is solely responsible for the information contained therein. 9450. The Reit has $1. 17 Mar 2020. Read more at The Business Times. The offer to existing SPH shareholders is in the form of cash, SPH REIT, and Keppel REIT. Coming Dividends. 9372 per unit. SPH REIT Units are not obligations of, deposits in, or guaranteed by the SPH REIT Manager or any of its affiliates. Sponsor and major shareholder, SingaporeFinancial Highlights. REITirement - SREIT. The DPU for. Distributed by Public, unedited and unaltered, on 27 May 2022 09:42:19 UTC. Welcome to PARAGON REIT Investor Relations. When was Suburban Propane Partners's most recent dividend payment? Suburban Propane Partners's most recent quarterly dividend payment of $0. 30pm on March 22 to vote on the proposed distribution in-specie of SPH Reit units under the Cuscaden scheme. SPH REIT Commits To Provide Tenants'. Should the proposed privatisation go through, the sponsor’s stake will decrease from the current 63% to below. 782 SPH REIT units per share. Thus SPH’s cash and cash equivalent is $312 – $63 x 0. For context, the second largest shareholder holds about 26% of. 668 per share. Summary. Best dividend capture stocks in Nov. A wellmanaged shopping mall in an area with a growing catchment population would be a good pipeline asset for SPH REIT, which currently holds Paragon and The Clementi. Singapore Press Holdings Limited (SPH) received an unsolicited proposal from Temasek-backed real estate consortium Cuscaden Peak Pte. 7m (+3. This REIT essentially formed 25% of their EPS or DPS. Steady Recovery Underpinned By Resilient Domestic Demand And Resumption Of International Travel. 2% premium over the one-month volume weighted average price. is managed by SPH REIT Management Pte. Contrast this with Parkway Life REIT (SGX: C2PU. 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. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption from the registration requirements of the U. As of 29 February 2020, SPH REIT has a portfolio of 5 assets across Singapore and Australia. Cuscaden Peak Pte. Ltd. S. . Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. 4 billion. Paragon REIT (formerly known as SPH REIT) Dec 2018 - Present 5 years. 40 per share comprising $1. 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. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 9208. Improved performance in 1H FY2022 reflecting SPH REIT's resilient portfolio of assets. Disclaimer. The information behind this electronic gatepost is only being made available to residents of Singapore. Summary. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. About the company. 5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. 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. 596 of a Keppel Reit unit and 0. In. 6m while NPI increased marginally by 0. 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. As at 6 pm on Wednesday, offeror Cuscaden Peak had received valid acceptances of its chain offer in respect of approximately 4. The company's market. 07 Aug 2023. S. SPH REIT maintained its strong portfolio occupancy rate of 97. Distributed by Public , unedited and unaltered, on 21 December 2021 03:39:03 UTC . 28 Jul 2022. 8% y-o-y to S$277. Company Type For Profit. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Download Telegram About. Distributed by Public, unedited and unaltered, on 24 June 2022 02:45:00 UTC. 602 in cash and 0. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. THE BUSINESS TIMES SPH Reit - Find SPH Reit News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. 9m SPH shares, valued at S$10m), as well as SPH’s. The Rail Mall, acquired by then SPH REIT on 28 June 2018, is located along Upper Bukit Timah Road. 38B. (“ 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”). 40 per share comprising $1. 1. SPH REIT (“SPHR”) is a Singapore-based Real Estate Investment Trust established to invest in real estate for retail purposes. 4% q-o-q but down 24. 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 is a media organisation whose portfolio also includes properties, broadcasting, and events and. 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. This offer comprises cash of $0. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia-. Announcement Details. 7% y-o-y). View daily, weekly or monthly formats back to when Paragon REIT stock was issued. 8% y-o-y) and NPI of S$202. 602 cash and 0. 3 billion in borrowings at a gearing ratio of 30 per cent and a weighted average term to maturity of 2. 798(1) Being the value of 0. LTD. 3 cents) for 1HFY2023 ended June, up 6. Since its takeover by Cuscaden Peak in 2022, it has been renamed Cuscaden Peak Investments . Payment Of Management Fees (Base Fee) By Way Of Issue Of Units In SPH. Date &Time of Broadcast. According to present data SPH REIT's SK6U shares and potentially its market environment have been in bearish cycle last 12. 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). 70851. SPH REIT's (SGX:SK6U) top owners are individual investors with 33% stake, while 31% is held by private companies. Price vs Fair Value. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. PARAGON REIT (formerly known as SPH REIT ) is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail. This will bring the Cuscaden Peak and its concert parties’ stake in the real estate investment trust (Reit) to 61. Apps. SPH REIT MANAGEMENT PTE. SINGAPORE - SPH Reit is planning to acquire The Rail Mall for $63. Arbor Realty Trust Inc. (vi) SPH is deemed to be interested in the Units that TPPL, TPR and the REIT Manager have an interest in. [Announcement] Mapletree Logistics Trust's EGM to be Held on Monday, 23 November 2020, at 2. 40 a share now superior to Keppel's: SPH. Market / ISIN Code: SGX Mainboard / SG2G02994595. 9640 per unit on 29 April 2022. A look at the shareholders of SPH REIT ( SGX:SK6U ) can tell us which group is. Indeed, the consortium subsequently announced the chain offer of SPH REIT at $0. Correspondingly, the REIT’s 3Q 2021 DPU of 1. (“ 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”). SPH shareholders will be entitled to 0. SPH shareholders will receive cash of S$0. 12-month FY22 revenue grew 1. 5% as at 31 August 2020 which is way below the permissible limit giving them the headroom for further acquisition.