SPH REIT is a Singapore-based 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. The sum of the Offeror Consideration and the SPH REIT units to be distributed by SPH to its shareholders in accordance with the Scheme has an implied value of $2. 2% for the last year. It owns three retail assets in Singapore, with Paragon Mall within the Orchard Road district as its anchor asset in Singapore and two retail malls in Australia. SGD 0. Episodes feature views and insights from property analysts. It owns three retail assets in Singapore, with Paragon Mall. View real-time stock prices and stock quotes for a full financial overview. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. (PBSA) portfolio, SPH REIT’s Figtree Grove and Rail Mall, which helped to offset declines in its media revenue. Cuscaden Peak makes cash offer of 93. Stock XSES Rating as of Nov 17, 2023. 0141 in the same period last year. It adde. SPH REIT is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. 28 Jan 2021. The company is based in Singapore. SPH REIT published this content on 21 December 2021 and is solely responsible for the information contained therein. Stock Articles. 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. 30 cents was based on income available for distribution for the comparative quarter from 1 September 2013 to 30 November 2013. 3 million. 6%. SPH REIT announced a change of financial year-end from 31 Aug to 31 Dec to align with its sponsor, Cuscaden Peak. . 209 photos. More On This Topic. 3. Are you a REIT investor?. SPH acquires portfolio of five high quality senior independent living properties in Hokkaido, Nara and Tokyo. 04 cents in H2 last year. 5 million through the private placement. 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. With Keppel REIT and SPH REIT trading at S$1. 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. Feb. Loading more data. Announcement Details. 2 per cent of shareholder votes signalled their approval for the acquisition of SPH, while 1. $0. 113,200. completed the acquisition of an additional 14. Photo: Samuel Isaac Chua/The Edge Singapore. SPH REIT is trading at ~6% DPU yield, below its 5-year mean of 5. Other information is defined as all information in the annual report other than the financial statements and our auditors’ report thereon. 099 per SPH share, which represents a 16. Distributed by Public , unedited and unaltered, on 21 December 2021 03:39:03 UTC . . Disclaimer. 5m sqft across a three-storey. , 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’s 1Q FY2022 Distributionfor the purposes of complying with Rule 25 of the Singapore Code on Take- overs and Mergers (the “Take-Over Code ”), which report is based on a review of the interim financial information of SPH REIT for 1Q FY2022 Interim Financial 1Q FY2022 (the “ Information”). 9 per cent below SPH Reit's last traded price, on Thursday (Apr 28), of S$0. . Kindly feedback to us for any discrepancies in data. Gross. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. Distributed by Public, unedited and unaltered, on 20 June 2022 03:43:09 UTC. Build Retirement Portfolio with S-REIT. 72 cents per unit, the minimum offer price for SPH Reit. 5 per cent, lower at 97 cents. Courier 158 Dunlop Street EastSPH shareholders can choose to receive either $2. The Board and Management firmly believe that success and prosperity depend upon our adherence to ethical business conduct. 7m (+3. 868 per share in cash, 0. 5% y-o-y). 782 SPH REIT units for every SPH share held. 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. Overall, the 12% increase is a combination of cash portion increase (c. 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. What this means is that SPH, which owns about 65% of SPH REIT, will transfer. 05 per. 1. Cuscaden Peak Pte. 07x and dividend yield of 5. 0124 for its 2QFY21 (ended 28 Feb), representing an increase of 3. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. 2 cents, Business News & Top. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. 596 units) and SPH REIT (0. The name change will take effect from Jan 3, 2023, onwards. With effect from 3 January 2023, SPH REIT has officially been renamed PARAGON REIT; for more information, please refer to the following announcement. Paragon REIT engages in the direct and indirect investments on a portfolio of income-producing real estate used primarily for retail purposes. 28 Jan 2021. 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. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. 9 per cent. The goal is to seek premium price because of differentiation and uniqueness of the offerings. View daily, weekly or monthly formats back to when Paragon REIT stock was issued. IT HAS been just over 8 months since Cuscaden Peak submitted a proposal to the board of directors of Singapore Press Holdings. SPH REIT published this content on 13 June 2022 and is solely responsible for the information contained therein. 9372 per unit. For the full year, gross revenue and net property income (NPI) jumped 7. SPH REIT’s 3rd Quarter Update for FY2019/20 – A Summary and My Thoughts – The Singaporean Investor. 5K views 05:23SPH Reit posts lower DPU after distribution deferment, capital. Operating Status Active. S$636. SI stock on Yahoo Finance. SPH's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Dividend. Goola Warden Thu, Apr 14, 2022 • 08:31 PM GMT+08 • 1 min read. Singapore Press Holdings Limited ( SPH) was an organisation with businesses in property and aged care in Singapore. The Reit acquired Phipps Tower from its sponsor in 2018 for US$205 million (S$276 million). 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 will be part of the sponsor privatisation offer by Keppel Corporation(SGX:BN4). 0553 (+2. Announcement Details. 1 file. 9m SPH shares, valued at S$10m), as well as SPH’s. We have obtained all other information prior to the dateSPH already has a privatisation offer from Keppel Corporation made in August this year. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. 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. 3) 0. Paragon Reit, previously named SPH Reit, has changed it financial year end from Aug 31 to Dec 31. Read more at The Business Times. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 820. A look at the shareholders of SPH REIT ( SGX:SK6U ) can. SPH REIT Announces Change of Financial Year End from 31 August to 31 December 2022: CI SPH REIT Secures Term Loan Facility of SGD 975 Million 2022: CI Singapore Shares End Week Slightly Higher; SPH REIT Shares Climbed 3% as Fiscal Q3 DPU Rises Over 5%SPH REIT is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail purposes in Asia-Pacific, as well as real estate-related assets. Should the proposed privatisation go through, the sponsor’s stake will decrease from the current 63% to below. 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 20 May 2022 and is solely responsible for the information contained therein. 596 Keppel REIT units and 0. 4% y-o-y to S$105. 782 SPH REIT shares with an indicative value of. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. Feb. All this comes after Cuscaden sweetened its first bid - in a battle with Keppel Corp for SPH - with an all-cash offer of $2. The proposed acquisition will be by way of a scheme. Share Price as of: -. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions. 975. 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). 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. The ratio is calculated by dividing the trailing 12 months EBITDA by the trailing 12 months interest. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. is currently the largest shareholder, with 31% of shares outstanding. It is also 2. SPH REIT Management Pte Ltd, the Manager of the Trust (“the Manager”) is responsible for the other information contained in the annual report. the Relevant SPH REIT Unit (being 0. 1 file. *Close price adjusted for splits. , as manager of SPH REIT announced that pursuant to the Fourth Amended and Restated Facility Agreement, an incremental facility notice (together with the Facility, the "Aggregate Facilities") was established for a five-year loan of $50 million. SPH REIT (SGX:SK6U) ’s portfolio occupancy at 98. SINGAPORE PRESS HLDGS LTD ( SGX:T39) SINGAPORE PRESS HLDGS LTD (SGX:T39) has been delisted with effect from 2022-05-13. 5 cents on Thursday (April 28). The offer is made for all the units in SPH REIT, other than those already owned, controlled or agreed to be acquired by Cuscaden Peak and parties acting in concert with the offeror. She is also a member of the NUS Law Advisory Council and Temasek Junior Collegewith Cuscaden Peak Pte. 4 billion. 3 per cent to 90. SPH bidding war ‘imminent’: UOB analysts. 1. If we remove this S$ 7. General. The names. One thing I would like to point out is that the distribution for 1H FY 21 includes the release of approximately S$7. 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. You are in SGX. 99, or 5. S. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. 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. 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. SPH REIT is a real estate investment trust that invests in income-producing retail malls in Singapore and Australia. 73. 2 billion, Keppel will be offering S$2. 099 per SPH share, which represents a 16. Distributed by Public, unedited and unaltered, on 17 June 2022 03:02:02 UTC. BY WAY OF ISSUE OF UNITS IN SPH REIT The Board of Directors of SPH REIT Management Pte. 0172 for Four Months to December 2022 Period. 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. FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 748. Contact Email [email protected], or 5. SPH REIT renames to Paragon REIT from January 3rd, 2023. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Maintain HOLD rating on SPH REIT's with target price at S$0. 782 units) for each SPH share. The REIT is bound by a chain offer, resulting from its sponsor’s ongoing. 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. 0%. 36 per SPH share, or an alternative of $2. 28 Jan 2021. ABOUT SPH REIT SPH REIT is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. . SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. Barrie ON - Head Office: Phone – Direct (705) 725-6020 Phone – Toll Free 1–844-474-9620 Fax (705) 725-8026. CI. or more of the SPH REIT Units (including those SPH REIT Units held by SPH after the completion of the DIS). LTD. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 9m (+1. 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. 798(1) Being the value of 0. In. SPH REIT is managed by SPH REIT Management Pte. 64 per cent of total issued SPH Reit units. 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. 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. (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 "). Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 37 cents; and tax-exempt income distribution of 0. Follow us on Facebook and join our channel for the latest updates. Its portfolio comprises leasehold. From REIT Pulse perspective, SPH REIT has been performing fairly well over the last 3 years. 1) Cash of S$0. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. Get the latest news and updates on SPH REIT (SGX:SK6U), a Singapore-based real estate investment trust that invests in retail properties. More On This Topic SPH seeks to buy back outstanding $500m of 3. Market / ISIN Code: SGX Mainboard / SG2G02994595. 5 per cent, lower at 97 cents. Photo: Samuel Isaac Chua/The Edge Singapore. DPU for the fiscal year 2014 (FY2014) was S$0. Build Retirement Portfolio with S-REIT REITirement - SREIT @REITirement. This will bring the number of SPH REIT units to be acquired by the offerer and its. ) Let us take a look at its financial results, and compare them against the REIT’s results. In all, this values SPH at $3. Share Price as of: -. -- SPH REIT's distributable income to unitholders surged 71. 35, while units of SPH Reit ended 0. With the easing of Covid19 restrictions- , PARAGON REIT registered SPH will provide the initial resources and funding by capitalising SPH Media with a cash injection of $80 million, $30 million worth of SPH shares and SPH Reit units, and SPH's stakes in four of. The information behind this electronic gatepost is only being made available to residents of Singapore. Securities Act of 1933, as amended (the "U. 4K links. Disclaimer. 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. SPH REIT is not owned by hedge funds. SPH REIT declared a DPU of S$0. 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. 6m while NPI increased marginally by 0. SGD 0. 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. 4%. Therefore, the current financial year will be a 16-month period from 1 September 2021 to 31 December 2022. As at 6 pm on Wednesday, offeror Cuscaden Peak had received valid acceptances of its chain offer in respect of approximately 4. SPH REIT Commits To Provide Tenants'. MT. 66% for 1H FY2022 with a weighted average term to maturity of 2. SPH REIT published this content on 24 May 2022 and is solely responsible for the information contained therein. 3 Key Takeaways from me: Rival Offer is Definitely. Ltd. . 0172 for Four Months to December 2022 Period. Its portfolio of Singapore properties comprises Paragon, The Clementi Mall and The Rail Mall, with an aggregate net lettable area of about. 668 per share, 0. CUSCADEN PEAK INVESTMENTS PRIVATE LIMITED. The Reit has $1. 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. Announcement Title Mandatory Cash Dividend/ Distribution Date &Time of Broadcast 09-Feb-2022 17:36:49 Status New Corporate Action Reference SG220209DVCAYU2P Submitted By (Co. Ltd. SPH REIT (SGX:SK6U)'s 12-month FY22 DPU of S$0. Based on current price of SPH REIT, the alternative will fetch $2. 07 / share. 4 total based on SPH REIT closing price of S$1. Ltd. 1. 8 million in the fiscal year ended July 31 from SG$92. SPH REIT maintained a solid portfolio occupancy rate of 97. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 05 in profit. Paragon REIT Reports Unchanged DPU of SG$0. Under SPH REIT, SPH owns Paragon, a premier upscale mall and medical suite/ office property on Orchard Road; The Clementi Mall, a mid-market suburban mall; and The Rail Mall along Upper Bukit Timah Road. 5 years. (iii) TPPL owns approximately 0. Elite Commercial REIT 1HFY2023 DPU falls 24. 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. MORE STORIES. Retail investors net buy S$390 million of S-Reits in H1 2023. The mall is South Australia’s largest shopping centre spanning c. We would like to show you a description here but the site won’t allow us. SPH REIT announced full year revenue of S$281. SPH REIT is not owned by hedge funds. Disclaimer. 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. SPH REIT (“SPHR”) is a Singapore-based Real Estate Investment Trust established to invest in real estate for retail purposes. The Reit is sponsored by media and property group SPH. CapitaLand Ascendas Real Estate Investment Trust. 602 cash and 0. 91%) compared to last month’s update. With Keppel REIT and SPH REIT trading at S$1. Ltd. Change Of Name Of SPH REIT And The Manager. SPH REIT Management Pte. 602 in cash and 0. 0% stake in Figtree Grove Shopping Centre, as well as a 50. LTD. 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). Prior to 1 December 2021, SPH was in the media business as well with a reach in the print, digital, radio, and outdoor media. Search for stock quotes, share prices, market data and trading information of all equity securities traded on Singapore Exchange. 2%, announces divestment of five assets. 1. 782) + Cash ($1. Platform. So, the total value of all this when the offer was made was $2. S. 1% to SG$157. Eagle Hospitality Trust's former and current directors arrested, out on bailNote Include only SGX Mainboard & Catalist Board listed companies / REITs / business trusts' upcoming corporate actions on dividends / entitlements / rights / bonus / offer / splits / etc. Blog. 36445, not much difference from the all cash offer of $2. Join. 商业时报Find detailed analysis of Singapore-listed companies, along with advices on long-term investing and short-term trading here. Announcement Title. 3250 per share was made to shareholders on Tuesday, November 14, 2023. 16M FY2022 refers to the period 1 September 2021 to 31 December 2022. 4m SPH REIT units, valued at S$20m and 6. Payment Of Management Fee (Base Fee) By Way. 9450. 716 per share, from a distribution in-specie (“DIS”) by SPH. Jul 01, 2022 11:47 AM. SPH REIT MANAGEMENT PTE. 782 of an SPH Reit unit. 0. The value of Units and the income derived from them, if any, may fall or rise. 36, or $2. This offer comprises cash of $0. 7% y-o-y on. Cuscaden Peak says it reserves the right to adjust SPH REIT's chain offer price for DPU paid in Feb and May. 07 Aug 2023. , a wholly-owned subsidiary of Singapore Press Holdings Limited. See Saanich Penninsula Hospital location page . SPH REIT Units (the “Relevant SPH REIT Units”) per Share (as defined below); and 1. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption. 782 SPH Reit share) offer is valued much lesser today. Price vs Fair Value. SI) stock quote, history, news and other vital information to help you with your stock trading and investing. Under the proposed scheme, they will receive $2. Suburban Propane Partners, L. 10. 099 per share, comprising cash of S$0. SPH had in August received a privatisation offer from Keppel at S$2. On a QoQ basis, SPH REIT performance is improving. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. 715) and 0. CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee have reiterated “add” with an unchanged target price of $1. How long has SPH REIT been paying dividends? SPH REIT (SGX:SK6U) stock has been paying dividend to its shareholders since 01/15/2014. The Manager’s key objective for SPH REIT is to provide Unitholders with regular and stable. Officially, PARAGON REIT MANAGEMENT PTE. 2% premium over the one-month volume weighted average price. Daily Volume & Value Traded includes Ready Market & Off Market transactions. Need help interpreting the REIT data? Then read our guide on 5 Important Factors You Need to Consider Before Investing in Any REIT. We tweak SPH REIT 's FY21-23F DPU forecast down 0. 3 Key Takeaways from me on the Rival SPH offer. 72 cents per unit, the minimum offer price for. Distributed by Public, unedited and unaltered, on 07 June 2022 03:21:00 UTC. SPH REIT adopts a proactive and disciplined capital management approach. 782 SPH Reit units valued at 79. Steady Recovery Underpinned By Resilient Domestic Demand And Resumption Of International Travel. 33 last Friday, while SPH Reit ended 1 per cent up at $1. 782 SPH Reit unit. 15am, units in SPH REIT are trading flat at 97 cents, or an FY2022 P/B of 1. com. of the share.