This came following the completion of an offer by Cuscaden to take SPH (Singapore Press Holdings) private, which resulted in. With the further easing of Covid-19 measures in Singapore starting 5 April, more peoples would be able to back to their workplace and this may improve the footfall of Paragon. 0 / 0 %. The group holding the most number of shares in the company, around 33% to be precise, is individual investors. Announcement Details. 16M FY2022 refers to the period 1 September 2021 to 31 December 2022. In its regulatory filing furnished to. Separately, Cuscaden Peak reminded unit holders of SPH Reit that it is entitled to reduce the minimum chain offer price of $0. 975. 5 million through the private placement. 28 Jan 2021. Units of SPH Reit closed down two cents, or 2. As a unitholder, I have studied its latest set of results, and in this post, I will be sharing key aspects you…Build Retirement Portfolio with S-REIT Companies & Markets News -SINGAPORE (THE BUSINESS TIMES) - The sale of Bedok Point by Frasers Centrepoint Trust (FCT) at $108 million raised questions from shareholders given that it was acquired atLendlease Global Commercial REIT (“LREIT”) is a Singapore real estate investment trust established with the principal investment strategy of investing, directly or indirectly, in a diversified portfolio of stabilised income-producing real estate assets located globally, which are used primarily for retail and/or office purposes. THE manager of SPH Reit on Monday announced distribution per unit (DPU) of 1. Securities Act of 1933, as amended (the "U. Distributed by Public, unedited and unaltered, on 07 June 2022 03:21:00 UTC. SPH REIT, LREIT, KORE, ARA LOG, ESR REIT in list of potential candidates for upcoming FTSE. SPH REIT, in my opinion, is a decently-run REIT that has demonstrated a good track record of NPI and DPU growth. Disclaimer. DPU for the fiscal year 2014 (FY2014) was S$0. As a new major unitholder of SPH REIT, Cuscaden has to g. SPH Reit's DPU in Q1 down 13% to 1. Every investor in SPH REIT should be aware of the most powerful shareholder groups. 020 per SPH REIT Unit as at 12 November 2021, being the Last Trading Day. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions, and sustainable long. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. This is an increase of 10. PARAGON REIT MANAGEMENT PTE. Ng has indicated his desire to step down as Director with effect from 1 January 2023. 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. She is also a member of the NUS Law Advisory Council and Temasek Junior Collegewith Cuscaden Peak Pte. SGD 0. Paragon REIT Units Real Estate Investment Trust. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of. One way to conceptualize this, is that for each SGD1 of shareholders' equity it has, the company made SGD0. 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. Platform. The offer price is 3. 26. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 商业时报Find detailed analysis of Singapore-listed companies, along with advices on long-term investing and short-term trading here. , 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”). Feb. SPH bidding war ‘imminent’: UOB analysts. Cromwell Reit EUR: EUR REIT that looks promising 19790: 76 - 22-Nov 19:02: Sarine Tech: Sarine Tech 120775: 506: 22-Nov 18:27: Prime US ReitUSD: Prime US Reit SGX debut 19 JUL 2019 77661: 363 - 22-Nov 18:12: ManulifeReit USD: Manulife US REIT IPO 268269: 1620: 22-Nov 18:11: SMI Vantage: BTC is above 29k today 20/10/2023 39683: 931: 22. , a wholly-owned subsidiary of Singapore Press Holdings Limited. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. 9640 per unit on 29 April 2022. Its portfolio of Singapore properties comprises Paragon, The Clementi Mall and The Rail Mall, with an aggregate net lettable area of about. Summary. 8 million changing hands. The value of Units and the income derived from them, if any, may fall or rise. Net asset value per unit as at 31 August 2022 remained stable at. SPH REIT (SGX:SK6U) announced the acquisition of a 50% stake in Westfield Marion along Diagonal Road, Adelaide for A$670m (c. 798(1) Being the value of 0. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. Distributed by Public , unedited and unaltered, on 21 December 2021 03:39:03 UTC . 4 cents per SPH Reit. Given that the markets usually pay for the long-term financial health of a company, we wonder if the current momentum in the share. 94 pence (3. As at 10. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 36445, not much difference from the all cash offer of $2. SPH REIT is not owned by hedge funds. 668, as well as 0. SPH shareholders will receive cash of S$0. 1 file. 3. 52K subscribers. TAGS. CapitaLand Ascendas Real Estate Investment Trust. (ii) The REIT Manager owns approximately 4. 782 SPH Reit unit. SPH REIT invests, 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 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). It is relatively lower than other retail REITs with gearing ratio typically above 30%. Chart. 08 last Friday after the Reit announced it had raised $164. 602 cash and 0. 715) and 0. 782) + Cash ($1. Should the proposed privatisation go through, the sponsor’s stake will decrease from the current 63% to below. 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. 6). units of SPH REIT are only being offered outside the United States in reliance on Regulation S under the U. It is offering each shareholder the option of an all-cash offer of $2. Paragon REIT Units Real Estate Investment Trust. With effect from 3 January 2023, SPH REIT has officially been renamed PARAGON REIT; for more information, please refer to the following announcement. -- SPH REIT's distributable income to unitholders surged 71. 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. Dividends Ranking. 54K subscribers. 64% fromthe prior estimate of 0. 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. In addition, the high occupancy was supported by a high tenant retention ratio of 82. Other information is defined as all information in the annual report other than the financial statements and our auditors’ report thereon. 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. In the mail today they made an offer. S. 209 photos. 4bn as at 1 April 2021. sg. 668), Keppel REIT (0. 06:08 Outlook for Reits. It operates through the following segments. 3%, while its peers’ DPU yields have generally recovered to their respective 5-year means. 4 billion. Paragon REIT engages in the direct and indirect investments on a portfolio of income-producing real estate used primarily for retail purposes. SPH's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Dividend. With Keppel REIT and SPH REIT trading at S$1. (iii) TPPL owns approximately 0. 8% in 1Q22 was stable q-o-q and rose y-o-y from 97. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. 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. This boost SPH REIT’s debt headroom should it needs to raise debt for. About the company. S. SK6U fundamental analysis;SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. For context, the second largest shareholder holds about 26% of. Paragon REIT SK6U 0% , formerly SPH REIT, has reported a distribution per unit (DPU) of 1. Felicia Tan Fri, Apr 29, 2022 • 08:19 AM GMT+08 • 2 min read. 36 per share or S$1. 596 units) and SPH REIT (0. If we remove this S$ 7. 1. 90 Projected DPU Yield = 5. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions. More On This Topic. DPU at 2. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. 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. BY WAY OF ISSUE OF UNITS IN SPH REIT The Board of Directors of SPH REIT Management Pte. 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. The Keppel Corporation offer made is a combination of cash ($0. 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. 7 per cent, said the Reit in a business update on Monday (Feb 13), and puts the DPU. (NYSE: ABR) is a Long Island, New. 782 SPH REIT shares with an indicative value of. Follow us on Facebook and join our Telegram channel for the latest updates. This presentation may also contain forward-looking statements that involve risks and uncertainties. 10. is currently the largest shareholder, with 31% of shares outstanding. The information behind this electronic gatepost is only being made available to residents of Singapore. Unlock. Platform. Retail investors continued to be a key driver in S-Reits fund flow activities in H1 2023, accumulating net retail inflows of S$389. The average one-year price target for SPH REIT (SGX:SK6U) has been revised to 1. 30 cents was based on income available for distribution for the comparative quarter from 1 September 2013 to 30 November 2013. The name change will take effect from Jan 3, 2023, onwards. Since the takeover from Morgan Stanley, read in news that each stock will become SPH REIT (0. Follow us on Facebook and join our Telegram channel for the latest updates. All Island Equity REIT. The goal is to seek premium price because of differentiation and uniqueness of the offerings. Cuscaden Peak. Payment Of Management Fees (Base Fee) By Way Of Issue Of Units In SPH. 782 SPH REIT Units per Share (1) Illustrative price based on SPH REIT closing price of S$1. Singapore Hospitality / Property Development / Aluminium Assistant to CFO Stamford Land Corporation (Hospitality / Property Development). The names. 15. Share Price as of: -. The Cuscaden Peak offer comes in two options: $1. SPH REIT's inaugural distribution was 1. Disclaimer. (PBSA) portfolio, SPH REIT’s Figtree Grove and Rail Mall, which helped to offset declines in its media revenue. The REIT is bound by a chain offer, resulting from its sponsor’s ongoing. It adde. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. Paragon REIT (formerly known as SPH REIT) Dec 2018 - Present 5 years. 1 per cent in total return terms, after a challenging 2022 which saw it decline 12 per cent. 3 Key Takeaways from me: Rival Offer is Definitely. After failing to break above the previous support turn resistance zone of 790-800 on February 3rd 2023, the S-REIT Index is currently retracing back and trading between the 730-744 zone for the past few. More On This Topic SPH seeks to buy back outstanding $500m of 3. 0 / 0 %. Ltd. 3% y-o-y respectively, mainly on contributions from Figtree Grove (Sydney) and full year contribution from Rail Mall. Platform. 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. Paragon, one of the key malls that's part of SPH REIT's portfolio. 36 per SPH share, or an alternative of $2. S. 099 per share when it was tabled. Join REITirement - SREIT. Acquisition ( SPH buys and incubates the property and SPH REIT uses rights issue, placement and debt to acquire it) The third option looks plausible. FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 748. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 19 Jul 2023. 13. Does anyone know what will happen? I had 2 lots (2000 shares) of SPH. When was Suburban Propane Partners's most recent dividend payment? Suburban Propane Partners's most recent quarterly dividend payment of $0. Receive at least 75% of gross income from real estate, such as real property rents. 44%, according to CGS-CIMB’s estimates. Stock Articles. Back Dec 29, 2022. 30pm on June 30. 96. 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. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia-. 3. 782 SPH REIT units for every SPH share held. CGS-CIMB Research analysts Eing Kar Mei and Lock Mun Yee have reiterated “add” with an unchanged target price of $1. 099 per SPH share, which represents a 16. 73. This will comprise cash of 66. Platforms. Distributed by Public, unedited and unaltered, on 25 April 2022 03:18:03 UTC. 28 Jul 2022. 05 cents. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. SPH REIT published this content on 15 June 2022 and is solely responsible for the information contained therein. SPH REIT's Share Price trades at a compelling yield of 6. In an extraordinary general meeting (EGM) held on Dec 9, some 98. 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. 02. In an Aug 7 statement, the. Payout Ratio (FWD) Fwd Payout Ratio is used to examine if a company’s earnings can support the current dividend payment amount. 0141 in the same period last year. Paragon REIT Reports Unchanged DPU of SG$0. 5 cent, or 0. SPH REIT published this content on 16 February 2022 and is solely responsible for the information contained therein. SPH Real Estate Investment Trust (Reit) : SK6U -1. 602 cash per share plus 0. 9 years by NLA/gross rental income. SPH REIT. See what the analysts have to say. Headquarters. SPH Media to acquire Tech in Asia; no layoffs expected. Elite Commercial REIT 1HFY2023 DPU falls 24. 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. The offer by Cuscaden is required by the Singapore Code on Take-overs and Mergers, as it now owns 47. The higher topline results were due to full year. . the SPH REIT Chain Offer will not be made unless as a result of the Cuscaden Scheme and the election by SPH Eligible Shareholders for the All Cash Consideration, Cuscaden and its concert parties own 30 per cent. Apps. SPH acquires portfolio of five high quality senior independent living properties in Hokkaido, Nara and Tokyo. SPH REIT is a real estate investment trust that invests in income-producing retail malls in Singapore and Australia. SPH REIT MANAGEMENT PTE. 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%Meanwhile, SPH Reit recorded an occupancy rate of 98. 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. 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. 8% y-o-y) and NPI of S$202. At 90% payout ratio, however, unitholders will receive 1. Distributed by Public, unedited and unaltered, on 09 June 2022 03:01:08 UTC. Keppel's final offer of $2. SPH REIT published this content on 03 June 2022 and is solely responsible for the information contained therein. The closing date for the chain offer has also been extended for two weeks to 5. 2%, announces divestment of five assets. Build Retirement Portfolio with S-REIT. REITirement - SREIT. Includes hours of operation for specific types of medical imaging at Saanich Peninsula Hospital. 02% (or 515,800) of the votes against. 9% and 8. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. SPH REIT : Proposed Scheme Of Arrangement Involving Singapore Press Holdings Limited (Dealing Disclosure) -January 27, 2022 at 09:26 pm EST |. The overall positive financial results were a little surprising to me. Join. Download the PDF file and learn more about PARAGON REIT's. 66% for 1H FY2022 with a weighted average term to maturity of 2. 716 per share from a distribution in-specie by SPH. 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. SPH REIT maintained its strong portfolio occupancy rate of 97. It operates through the following segments: Paragon, The Clementi Mall, The Rail Mall, Figtree Grove, and Westfield Marion. 13 and S$0. More On This Topic. 2 million a year ago. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. 5 cents on Jan 12. The offer satisfied the minimum acceptance condition of 50 per cent of the issued SPH Reit units as at June 1, making it unconditional in all respects. The company is based in Singapore. Ltd. More On This Topic. The Reit acquired Phipps Tower from its sponsor in 2018 for US$205 million (S$276 million). 975), it is valued at $2. SINGAPORE PRESS HLDGS LTD ( SGX:T39) SINGAPORE PRESS HLDGS LTD (SGX:T39) has been delisted with effect from 2022-05-13. 37 cents; and tax-exempt income distribution of 0. Singapore Press Holdings Limited (SPH) received an unsolicited proposal from Temasek-backed real estate consortium Cuscaden Peak Pte. 9%. 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). 99, or 5. We would like to show you a description here but the site won’t allow us. Note Includes only corporate actions with Ex-Date within upcoming 3 months. REITirement - SREIT. SPH REIT Management Pte. It owns three retail assets in Singapore, with Paragon Mall. 04 cents in H2 last year. 0% stake in Westfield Marion Shopping Centre) reported its second quarter results for the financial. 782 SPH REIT units for every SPH share held. 09% of the Units. 602 of cash per share and 0. It is well served by the Hillview MRT station about 250 metres away and a network of public bus services. 33 last Friday, while SPH Reit ended 1 per cent up at $1. Ltd. In addition, the high occupancy was supported by a high tenant retention ratio of 82. . SPH REIT maintained a solid portfolio occupancy rate of 97. A poor SPH REIT does not bode well for them. SPH REIT's eligibility to list on the Main Board of the SGX-ST does not indicate the merits of the Offering, SPH REIT, the Manager, the Trustee, the Sponsor, the Global Coordinator, the Joint Bookrunners or the Units. Ltd. The property was valued at US$210 million as at Dec 31, 2022. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. This REIT essentially formed 25% of their EPS or DPS. [Announcement] Mapletree Logistics Trust's EGM to be Held on Monday, 23 November 2020, at 2. 6 million for the nine months ended 31 May, an increase of 22% year-on-year. A physician or nurse practitioner. 5 cent and SPH Reits is 71. SPH REIT Units (the “Relevant SPH REIT Units”) per Share (as defined below); and 1. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 0. Change Of Name Of SPH REIT And The Manager. Kindly feedback to us for any discrepancies in data. 4. Photo: Samuel Isaac Chua/The Edge Singapore. 3 mil, which means the distribution to. Under the terms of the transaction, a refundable deposit of. . SPH REIT (SGX:SK6U)’s FY21 (Sep 2020 to Aug 2021) revenue rose by 14. SPH REIT has. 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. The Manager’s key objective for SPH REIT is to provide Unitholders with regular and stable. In their report dated Jan 7, Eing and Lock like that the. The Board and Management firmly believe that success and prosperity depend upon our adherence to ethical business conduct. Unlock. Home Guide Guide to Dividend. The value of SPH REIT Units and the income derived from them, if any, may fall or rise. 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. 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. 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. Date &Time of Broadcast. 596 of a Keppel Reit unit and 0. 36 per share or S$1. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption. However, given its sizable exposure to the high-end retail mall industry, concern over its business operational outlook. 6m (+11. SPH REIT renames to Paragon REIT from January 3rd, 2023. Loading more data. 15am, units in SPH REIT are trading flat at 97 cents, or an FY2022 P/B of 1. com. Disclaimer. 40 per share comprising $1. SGD 0. 782 SPH REIT shares with an indicative value of. As at 6 pm on Wednesday, offeror Cuscaden Peak had received valid acceptances of its chain offer in respect of approximately 4. 5 cent, or 0. A look at the shareholders of SPH REIT ( SGX:SK6U ) can tell us which group is. This Offer is known as a Chain Offer, triggered by Cuscaden's acquisition of SPH has been completed. This will bring the number of SPH REIT units to be acquired by the offerer and its. 35, while units of SPH Reit ended 0. 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 adopts a proactive and disciplined capital management approach. SINGAPORE: SPH Media has entered into an agreement to acquire technology media company Tech in Asia (TIA). Paragon REIT engages in the direct and indirect investments on a portfolio of income-producing real estate used primarily for retail purposes. 8 cents per share; or an all-cash offer of $2. SK6U. S. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with Units as at the Record Date will be entitled to the Distribution to. Login with PasswordKEPPEL Reit has divested its stake in its Brisbane property for A$275 million (S$277. Blog. 48K subscribers. the SPH REIT Units (including those SPH REIT Units held by SPH after completion of the DIS) and the Offeror is required to make the Chain Offer. The group’s newspaper ad revenue YoY decline has increased from 12. 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. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 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. With the easing of Covid19 restrictions- , PARAGON REIT registeredSPH 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. Payment Of Management Fee (Base Fee) By Way Of Issue Of Units In SPH REIT. 3. 68 per cent, or about 1. 4% stake in SPH. S. 8 million in the fiscal year ended July 31 from SG$92. Find the latest Paragon REIT (SK6U. 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. This is a big draw for investor interest in REITs. (“ 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”). MT. Cuscaden Peak Pte. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 72 Singapore cents for the four months ended Dec 31, 2022, unchanged from a year ago. 9372 per unit for all units of SPH REIT. The Rail Mall. SPH REIT declared a DPU of S$0. 36%. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. SPH REIT maintained its strong portfolio occupancy rate of 97. LTD. / Ind. My Notes. Get More Info. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 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. 020 per SPH REIT Unit as at 12 November 2021). 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. 5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. 3 billion rights offering to expand war chest Join ST's Telegram channel and get the latest breaking news delivered to you. SPH REIT’s key asset is the Paragon mall, which enjoyed a 25. For Immediate Release Media Release SPH REIT successfully secures refinancing of S$280 million in a five-year loan 29. 668, as well as 0.