5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. Resolution #2, which is to re-appoint KPMG LLP as the auditors of SPH REIT to hold office until the conclusion of the next Annual General Meeting of SPH REIT, and to authorise the Manager to fix their renumeration, was passed with 99. Distributed by Public, unedited and unaltered, on 27 May 2022 09:42:19 UTC. LTD. 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. MT. SPH REIT’s full-year results was a decent one, largely contributed by the fact that in the same time period last year, the REIT’s malls were negatively impacted by the lockdown measures as a result of the fast escalation in the number of. The recent restriction easing and border opening should improve SPH REIT's performance moving forward. SPH REIT published this content on 16 February 2022 and is solely responsible for the information contained therein. Contact Email [email protected] REIT's (SGX:SK6U) stock is up by 1. 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). More On This Topic Keppel's privatisation offer for SPH viewed positively. 91). 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. 26 cents) of FY2020 distributable income. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 01 From SG$0. As at 21 February 2022 (being the Latest Practicable Date prior to the publication of the Cuscaden Composite. Improved performance in 1H FY2022 reflecting SPH REIT's resilient portfolio of assets. 13. 4%). In their report dated Jan 7, Eing and Lock like that the. 64% of the total issued SPH REIT units. 3% quarter-on-quarter (QoQ) and 313. 12-Jul-2021 18:43:20. Login with PasswordKEPPEL Reit has divested its stake in its Brisbane property for A$275 million (S$277. 602 cash and 0. 782 SPH Reit units valued at. 782) + Cash ($1. Date Of Release Of 2020 Second Quarter Results. 10%) and increased value of Keppel REIT and SPH REIT. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. Episodes feature views and insights from property analysts. SPH REIT declared a DPU of S$0. Distributed by Public , unedited and unaltered, on 21 December 2021 03:39:03 UTC . Distributed by Public , unedited and unaltered, on 25 November 2021 03:09:02 UTC . Retail investors continued to be a key driver in S-Reits fund flow activities in H1 2023, accumulating net retail inflows of S$389. Read more at The Business Times. 0 / 0 %. SINGAPORE: SPH Media has entered into an agreement to acquire technology media company Tech in Asia (TIA). Therefore, the current financial year will be a 16-month period from 1 September 2021 to 31 December 2022. There have been a number of acquisitions allowing further growth of the REIT. 1. 92 per share for SPH REIT and forms a share price cap for the REIT in our view. 056 by FY2019, up 3. 54K subscribers. MORE STORIES. . 715) and 0. Change Of SPH REIT's Financial Year End From 31 August To 31 December. . 20. Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. [Announcement] Mapletree Logistics Trust's EGM to be Held on Monday, 23 November 2020, at 2. Morningstar Rating. 40 per. SPH REIT published this content on 20 June 2022 and is solely responsible for the information contained therein. 05 cents. 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. 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. Mandatory Cash Dividend/ Distribution. SK6U fundamental analysis;SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. Need help interpreting the REIT data? Then read our guide on 5 Important Factors You Need to Consider Before Investing in Any REIT. 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. Ltd. 85-$0. Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. Announcement Details. SPH REIT (SGX:SK6U) ’s portfolio occupancy at 98. Disclaimer. Distributed by Public, unedited and unaltered, on 13 June 2022 02:52:00 UTC. 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. 602 of cash per share and 0. 782 of an SPH Reit unit per share. SPH REIT Units (the “Relevant SPH REIT Units”) per Share (as defined below); and 1. 72 cents per unit, the minimum offer price for. Unlock. SPH REIT Announces Distribution for the Period from 1 March 2022 to 31 May 2022, Payable on 29 August 2022. 2% for the last year. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. 0172 for Four Months to December 2022 Period. See what the analysts have to say. Follow us on Facebook and join our channel for the latest updates. SPH REIT published this content on 25 November 2021 and is solely responsible for the information contained therein. 15. SPH shareholders will receive cash of S$0. 113,200. Since the takeover from Morgan Stanley, read in news that each stock will become SPH REIT (0. Its portfolio of Singapore properties comprises Paragon, The Clementi Mall and The Rail Mall, with an aggregate net lettable area of about. This 10 Years comparison chart explains everything why S-REIT is a MUST have asset class in your investment portfolio. 1. 0 / 0 %. 4. Goola Warden Thu, Apr 14, 2022 • 08:31 PM GMT+08 • 1 min read. Thus SPH’s cash and cash equivalent is $312 – $63 x 0. 7% y-o-y). Contrast this with Parkway Life REIT (SGX: C2PU. View daily, weekly or monthly formats back to when Paragon REIT stock was issued. 01% of the Units. 1. SPH REIT has a healthy balance sheet with low gearing. 2 per cent of SPH Reit. 1% over five years. It is offering each shareholder the option of an all-cash offer of $2. Recent Buy Backs. 995 %. 72 cents for SPH REIT units after adjusting for distributions. The SGX-ST assumes no responsibility for the correctness of any statements or opinions made or reports contained in this Prospectus. Jul 01, 2022 11:47 AM. The higher topline results were due to full year. Contact Us. 15am, units in SPH REIT are trading flat at 97 cents, or an FY2022 P/B of 1. 5m sqft across a three-storey. Ltd. 58 Singapore cents for the fourth quarter ended August. 30pm, to seek unitholders' approval on the following: (i) The proposed acquisitions of the remaining 50. NPI at S$209. SPH REIT to merge with MPACT or CICT? Lifetime Membership When SPH shareholders approved the acquisition by Cuscaden Peak on 22 March 2022, the writing was on the wall that SPH REIT would be the next to be acquired. This will bring the Cuscaden Peak and its concert parties’ stake in the real estate investment trust (Reit) to 61. SPH REIT published this content on 20 May 2022 and is solely responsible for the information contained therein. 5 per cent, lower at 97 cents. Ltd. 8% in 1Q22 was stable q-o-q and rose y-o-y from 97. 2%. 44K links. Disciplined Capital Management. Apps. Prior to 1 December 2021, SPH was in the media business as well with a reach in the print, digital, radio, and outdoor media. The part cash part share offer dated 15 Nov 2021 is based on the SPH Reit price of $1. 72 cents per unit, which is the minimum offer price required after adjusting for. Cost of debt was at 1. 5 years. 05 per. 782 of an SPH Reit unit through a distribution-in-specie by SPH. 099 per SPH share, which represents a 16. Based on last Friday's closing prices, the value of Keppel Reits on offer is 71. 3. Units of SPH Reit closed down two cents, or 2. The offer to existing SPH shareholders is in the form of cash, SPH REIT, and Keppel REIT. 5% as at 31 August 2020 which is way below the permissible limit giving them the headroom for further acquisition. The DPU for. Disclaimer. SPH chief executive Alan Chan said: "The special dividend will reward shareholders for their investment in the SPH Group and, through SPH's stake in SPH Reit, they will continue to benefit from the establishment of SPH Reit. 782 SPH REIT units per share. This Offer is known as a Chain Offer, triggered by Cuscaden's acquisition of SPH has been completed. SPH shareholders will receive cash of S$0. Keep the Cash + Keppel / SPH REIT offer, but up the price, or. 2 billion to buy all of SPH’s shares, bringing the total deal to S. SPH REIT gearing remains stable at 30. Yes the company SPH REIT (SGX:SK6U) pays a quarterly dividend of $0. This was an improvement from its 97. 9 million units, representing about 14. For instance, SPH REIT (SGX: SK6U) has the backing of media giant Singapore Press Holdings (SGX: T39), but its distribution per unit (DPU) has not grown much over the years. Singapore Press Holdings Limited ( SPH) was an organisation with businesses in property and aged care in Singapore. So, the total value of all this when the offer was made was $2. S. SI stock on Yahoo Finance. 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. 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. Security. 9450. If you had been. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. 28 Jan 2021. 3 Key Takeaways from me: Rival Offer is Definitely. IPO Price = $0. The Reit has $1. More On This Topic Keppel's privatisation offer for SPH viewed positively. 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. 8 per cent voted against it. for the period from 1 January 2023 to 30 June 2023. SPH Real Estate Investment Trust (Reit) : SK6U -1. 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. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. 2 cents, Business News & Top. Are you a REIT investor?. 5 cent, or 0. 98% (or 2,076,990,163) of the votes for, and 0. 9m SPH shares, valued at S$10m), as well as SPH’s. The real estate investment trust's gross. MT. (v) TPPL is a subsidiary of SPH. SPH REIT Management Pte. Read more at straitstimes. S. The goal is to seek premium price because of differentiation and uniqueness of the offerings. 28 Jul 2022. 0124 for its 2QFY21 (ended 28 Feb), representing an increase of 3. 602 cash and 0. 099 per SPH share, which represents a 16. SPH REIT. SPH REIT published this content on 27 December 2021 and is solely responsible for the information contained therein. As a new major unitholder of SPH REIT, Cuscaden has to g. 52K subscribers. SPH had in August received a privatisation offer from Keppel at S$2. Join REITirement - SREIT. Sph Reit Management Pte Ltd, 1000 Toa Payoh North, News Centre. 40 per share comprising $1. Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. PARAGON REIT MANAGEMENT PTE. 9% above the NAV as at 28 February 22. 7% over the past week. CUSCADEN Peak's mandatory cash offer to acquire all units of SPH Reit : SK6U +0. Download Telegram About. Notes. (“ 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”). 5 cents per share, and 0. 596 Keppel Reit unit and 0. Looking ahead, SPH Reit said that it would maintain a disciplined approach to capital management. Note that in this quarter, SPH REIT distributes 0. 4%. This came following the completion of an offer by Cuscaden to take SPH (Singapore Press Holdings) private, which resulted in. 8% yoy. YqNexrI5Aa0WBVPygGIdrNajfWdAi30fregf8Fnbknxph2_brQpPnRNlew. Build Retirement Portfolio with S-REIT. 0 / 0 %. Chain offer price for SPH REIT. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 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. 5% which I felt is low for a retail REIT and there is definitely further room for more acquisitions. 0% stake in Westfield Marion Shopping Centre) reported its second quarter results for the financial. Ltd. 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. Last Funding Type Post-IPO Equity. Every investor in SPH REIT should be aware of the most powerful shareholder groups. This offer comprises cash of $0. Distributed by Public, unedited and unaltered, on 24 May 2022 03:27:07 UTC. SPH REIT’s performance is an indication of how the overall REIT market in Singapore has held up well despite the recent sell-down over worries that the United States might start scaling back its. *Close price adjusted for splits. Valuing Others – Associates, Joint Ventures (Property Development. 782 SPH REIT units valued at S$0. News. 68 cents for 1H FY2022, increasing by 9. Feb. Distributed by Public, unedited and unaltered, on 20 May 2022 02:54:02 UTC. 782 units) for each SPH share. Distributed by Public, unedited and unaltered, on 07 June 2022 03:21:00 UTC. Switch to all cash, and increase the price above $2. 8% below SPH REIT’s daily volume-weighted average price (VWAP) over the last month. 40 per share comprising $1. Share Price as of: -. 1) Cash of S$0. SPH shareholders will be entitled to 0. The offer by Cuscaden is required by the Singapore Code on Take-overs and Mergers, as it now owns 47. SPH REIT's Share Price trades at a compelling yield of 6. Mandatory Cash Dividend/ Distribution. Feb. The information behind this electronic gatepost is only being made available to residents of Singapore. Financial Statements And Related Announcement - Half Yearly Results. 36, or $2. Receive at least 75% of gross income from real estate, such as real property rents. 782 SPH REIT shares with an indicative value of. (PBSA) portfolio, SPH REIT’s Figtree Grove and Rail Mall, which helped to offset declines in its media revenue. Offeror Cuscaden Peak had received valid acceptances of its chain offer in respect of. 3 billion in borrowings at a gearing ratio of 30 per cent and a weighted average term to maturity of 2. 36 per share or S$1. SPH REIT is trading at ~6% DPU yield, below its 5-year mean of 5. 4K links. 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. Coming Dividends. Securities Act of 1933, as amended (the "U. The ratio is calculated by dividing the trailing 12 months EBITDA by the trailing 12 months interest. We would like to show you a description here but the site won’t allow us. Based on current share price of SPH Reit ($0. 14. $12. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. 4% stake in SPH REIT (SGX:SK6U) for approximately SGD 380 million. 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. In its annual report for 2021, you can find out how it performed in a challenging year, its financial results, its portfolio overview, its sustainability initiatives, and its future outlook. Notes. More On This Topic. 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. 6m (+11. The Reit acquired Phipps Tower from its sponsor in 2018 for US$205 million (S$276 million). SPH REIT is not owned by hedge funds. Based on current price of SPH REIT, the alternative will fetch $2. SPH REIT Management Pte. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. 1. This represents an annualised yield of 5. SPH REIT published this content on 13 June 2022 and is solely responsible for the information contained therein. Cuscaden Peak. SPH REIT published this content on 17 June 2022 and is solely responsible for the information contained therein. com. 0543 and has increased to just S$0. 1 per cent at 89 cents. Distributed by Public , unedited and unaltered, on 27 December 2021 02:56:04 UTC . Stock XSES Rating as of Nov 17, 2023. THE stakes have been raised in the battle for Singapore Press Holdings (SPH) T39. Chua Hwee Song resigns as SPH CFO and from SPH Reit board. MT. Photo: Samuel Isaac Chua/The Edge Singapore. (vii) SPH is a subsidiary of Cuscaden. Ltd. Paragon REIT engages in the direct and indirect investments on a portfolio of income-producing real estate used primarily for retail purposes. SPH REIT Management Pte. 668 per share, 0. 73. Join. 975), it is valued at $2. 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 2022Simply enter your email below to download the 5 Singapore REITs that consistently increase their DPU for your watchlist. SI), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. On the back of improved operating performance across its portfolio, SPH REIT has reported gross revenue of SGD209. 02. 38B. 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. Build Retirement Portfolio with S-REIT. 36 per cent of total issued units, according to a bourse filing on Thursday (Jun 30) night. General. 13. SPH REIT, in my opinion, is a decently-run REIT that has demonstrated a good track record of NPI and DPU growth. The Offering consists of (i) an. It owns three retail assets in Singapore, with Paragon Mall. Courier 158 Dunlop Street EastSPH shareholders can choose to receive either $2. Announcement Details. About the company. 86 cents for the period from 24 July 2013 (listing date) to 30 November 2013. The Board and Management firmly believe that success and prosperity depend upon our adherence to ethical business conduct. This includes a cash injection of $80 million, $30 million worth of SPH shares and SPH REIT units (Approximately 23. CapitaLand Ascendas Real Estate Investment Trust. We know SPH REIT has $63 mil in cash but not sure about Seletar Mall. 668 per share. 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). 64 per cent of total issued SPH Reit units. But since we can’t do much about Seletar mall, we can deduct the 30% non-controlling cash of SPH REIT from SPH total cash. SPH REIT maintained its strong portfolio occupancy rate of 97. 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. 09% of the Units. Follow us on Facebook and join our channel for the latest updates. SI) stock quote, history, news and other vital information to help you with your stock trading and investing. 2% premium over the one-month volume. 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). The tenant sales are positive for both Clementi Mall and Westfield while marginal drop for Paragon. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. SPH REIT invests in retail properties in Asia-Pacific. Feb. 9 per cent below SPH Reit's last traded price, on Thursday (Apr 28), of S$0. 782 SPH REIT Units per Share (1) Illustrative price based on SPH REIT closing price of S$1. of the share. SPH REIT has a portfolio of five assets in Singapore and Australia. 27 Feb 2020. SGD 0. 40 per share, comprising a mix of SPH REIT units and cash, or an all cash offer of S$2. SPH REIT's inaugural distribution was 1. The counter code of the REIT will remain unchanged at SK6U. TAGS. Given that the markets usually pay for the long-term financial health of a company, we wonder if the current momentum in the share. Sponsor and major shareholder, SingaporeFinancial Highlights. 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. 596 of a Keppel Reit unit and 0. 2% y-o-y. Join REITirement - SREIT. CI. 7 million, up 1. The value of SPH REIT Units and the income derived from them, if any, may fall or rise. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. And then SPH needs to decide whether to (1) accept Keppel’s offer, or (2) pay the $34 million break fee and accept the new offer. Paragon REIT engages in the direct and indirect investments on a portfolio of income-producing real estate used primarily for retail purposes. 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. 668 per share, 0. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. Share Price as of: -. More On This Topic SPH seeks to buy back outstanding $500m of 3. Elite Commercial REIT 1HFY2023 DPU falls 24. 6-2% to factor in 2 weeks of mandated rental rebates and lower fees paid in units. ) 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. 72 cents for the 4MFY2022 ended Dec 31, 2022, unchanged y-o-y compared to the same period the year before. Market / ISIN Code: SGX Mainboard / SG2G02994595. Market / ISIN. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. Prior to that, shares of SPH closed flat at $2. Ltd. The company is based in Singapore. VICTORIA, BC (September 10, 2010) - Partners Real Estate Investment Trust. PARAGON REIT MANAGEMENT PTE. SPH REIT’s 3rd Quarter Update for FY2019/20 – A Summary and My Thoughts – The Singaporean Investor. If we remove this S$ 7. 68 per cent, or about 1. SPH Reit aims to be a premier retail real estate. MT. / Ind. 9400. 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. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions, and sustainable long. In its regulatory filing furnished to. Units of SPH Reit closed down two cents, or 2. 3 Key Takeaways from me on the Rival SPH offer. 782 SPH REIT units per share. 3 billion in borrowings at a gearing ratio of 30 per cent and a weighted average term to maturity of 2. FY2021 refers to the period 1 September 2020 to 31 August 2021. 9m SPH shares, valued at S$10m), as well as SPH’s. The property was valued at US$210 million as at Dec 31, 2022. To put that amount in perspective, SPH is currently trading at S$1.