Disclaimer. 782 SPH REIT shares with an indicative value of. Keep the Cash + Keppel / SPH REIT offer, but up the price, or. Are you a REIT investor?. It adde. LTD. 35, while units of SPH Reit ended 0. Paragon REIT (formerly known as SPH REIT) Dec 2018 - Present 5 years. 8 million changing hands. SPH had in August received a privatisation offer from Keppel at S$2. 0172 for Four Months to December 2022 Period. 4%). Disclaimer. 36 per cent of total issued units, according to a bourse filing on Thursday (Jun 30) night. Under the terms of the transaction, a refundable deposit of. This includes a cash injection of $80 million, $30 million worth of SPH shares and SPH REIT units (Approximately 23. SPH REIT maintained its strong portfolio occupancy rate of 97. [Announcement] Mapletree Logistics Trust's EGM to be Held on Monday, 23 November 2020, at 2. , a wholly-owned subsidiary of Singapore Press Holdings Limited. Other information is defined as all information in the annual report other than the financial statements and our auditors’ report thereon. 782 SPH REIT units valued at S$0. 28 Jan 2021. 3 = $293 mil. Take a look at five REITs with recent insider buying that could be a tip-off that better times are ahead. SPH REIT is a real estate investment trust that invests in income-producing retail malls in Singapore and Australia. Courier 158 Dunlop Street EastSPH shareholders can choose to receive either $2. Based on current share price of SPH Reit ($0. SPH REIT’s growth momentum continued into 4Q19, both organically and inorganically. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. This brings DPU for the second half of FY2021 to 2. Summary. 06:08 Outlook for Reits. Distributed by Public, unedited and unaltered, on 29 July 2022 10:16:17 UTC. 715 per share, and 0. 0 / 0 %. . To put that amount in perspective, SPH is currently trading at S$1. If you had been redirected from please note the change in website address to with immediate effect. 2 per cent of SPH Reit having completed its scheme to take SPH private. Note Includes only corporate actions with Ex-Date within upcoming 3 months. 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. 596 Keppel Reit unit (valued at $0. S. Indeed, the consortium subsequently announced the chain offer of SPH REIT at $0. When SPH REIT announced its FY19 full year results, I mentioned that the debt gearing currently stood at 27. Date &Time of Broadcast. Follow us on Facebook and join our Telegram channel for the latest updates. TAGS. (iii) TPPL owns approximately 0. sg. More On This Topic. Felicia Tan Fri, Apr 29, 2022 • 08:19 AM GMT+08 • 2 min read. 602 cash and 0. One way to conceptualize this, is that for each SGD1 of shareholders' equity it has, the company made SGD0. 1. Its final offer for SPH is S$2. 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%Ng has served as a non-executive and non-independent Director of SPH REIT since August 2017. SGD 0. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Elite Commercial REIT 1HFY2023 DPU falls 24. 5% y-o-y). The higher topline results were due to full year. 5 cents on Thursday (April 28). 03. SPH REIT - SG2G02994595 - SK6U. For context, the second largest shareholder holds about 26% of. 2%. In its upcoming financial release, for which it has yet to confirm the release date, the Reit is expected to report a 16-month. THE BUSINESS TIMES SPH Reit - Find SPH Reit News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. 30pm Mapletree Logistics Trust (SGX:M44U) will be holding an EGM on Monday, 23 November 2020, at 2. 0. The goal is to seek premium price because of differentiation and uniqueness of the offerings. 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. 40 per share comprising $1. Price vs Fair Value. PARAGON REIT, formerly known as SPH REIT, is a Singapore-based real estate investment trust established principally to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia-Pacific, as well as real estate-related assets. SPH REIT published this content on 16 February 2022 and is solely responsible for the information contained therein. 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. Paragon REIT SK6U 0% , formerly SPH REIT, has reported a distribution per unit (DPU) of 1. 9% less than the total consideration. 5 cent, or 0. The issue price for the placement was $1. 7 per cent, said the Reit in a business update on Monday (Feb 13), and puts the DPU. Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. See what the analysts have to say. DPU at 2. CapitaLand Ascendas Reit was among the most actively traded by value, with 24 million units worth $67. In an extraordinary general meeting (EGM) held on Dec 9, some 98. 6% improvement in tenant sales for 12MFY2022, in line with a pick up in footfall in the Orchard Road area. SPH REIT maintained a solid portfolio occupancy rate of 97. The real estate investment trust's gross. Net asset value per unit as at 31 August 2022 remained stable at. Contact Email [email protected] REIT's (SGX:SK6U) stock is up by 1. Acquisition ( SPH buys and incubates the property and SPH REIT uses rights issue, placement and debt to acquire it) The third option looks plausible. 66% for 1H FY2022 with a weighted average term to maturity of 2. Chain offer price for SPH REIT. 5K views 05:23SPH Reit posts lower DPU after distribution deferment, capital. Ltd. . 2 billion, Keppel will be offering S$2. SPH REIT is managed by SPH REIT Management Pte. 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. 3% y-o-y respectively, mainly on contributions from Figtree Grove (Sydney) and full year contribution from Rail Mall. 31b, giving it a gearing ratio of 25. Switch to all cash, and increase the price above $2. 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. "Keppel will hold a remaining stake in SPH REIT and Keppel REIT of. 36, or S$2. 209 photos. SPH REIT, LREIT, KORE, ARA LOG, ESR REIT in list of potential candidates for upcoming FTSE. 5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. Accessibility is further enhanced by its proximity to the Bukit Timah Expressway (“BKE”) and Pan Island Expressway (“PIEDBS Group Holdings Limited (SGX:D05) held its 22nd AGM yesterday (30 March 2021) afternoon, where I've attended as a shareholder. 36%. 98, respectively, as of 28 October 2021, the total consideration is now around S$2. At 90% payout ratio, however, unitholders will receive 1. 4%. If you had been. Payment Of Management Fees (Base Fee) By Way Of Issue Of Units In SPH. 19 Jul 2023. 1) Cash of S$0. 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. BY WAY OF ISSUE OF UNITS IN SPH REIT The Board of Directors of SPH REIT Management Pte. Goola Warden Thu, Apr 14, 2022 • 08:31 PM GMT+08 • 1 min read. In all, this values SPH at $3. 782 SPH REIT units per share. The change will take effect from Jan 3 at 9am,. Search for stock quotes, share prices, market data and trading information of all equity securities traded on Singapore Exchange. It operates through the following segments. As at end-August, its proportion of fixed debt was 71 per cent, with an average cost of debt of 1. 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. 2 million. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. It is offering each shareholder the option of an all-cash offer of $2. Login Details for DBS Group Holdings’ e-AGM on Tuesday, 30 March 2021, at 2pm Shareholders who have signed up to attend DBS’ e-AGM this coming Tuesday should have received a confirmation email from the bank containing login details, along with steps on how you can join the meeting (please check your ‘spam’ folder if you do not find it in your. This is an increase of 10. 7% y-o-y). -- SPH REIT's distributable income to unitholders surged 71. Despite the decline in visitor traffic, FY tenant sales remain resilient. 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%However, the cumulative value of Keppel REIT and SPH REIT units has gone up by S$0. Stock XSES Rating as of Nov 17, 2023. 6%. THE BUSINESS TIMES SPH Reit - Find SPH Reit News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. IPO Price = $0. 3449 only. 02. Separately, Cuscaden Peak reminded unit holders of SPH Reit that it is entitled to reduce the minimum chain offer price of $0. Morningstar Rating. Paragon, one of the key malls that's part of SPH REIT's portfolio. Payment Of Management Fee (Base Fee) By Way. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 2 per cent of SPH Reit. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 052/SPH share between 30 July 2021 to 9 November 2021 due to changes in unit prices of Keppel REIT and SPH REIT. Login with Google. 782 SPH REIT shares with an indicative value of. 37 cents; and tax-exempt income distribution of 0. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 1 file. 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. 099 per share. 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. MORE STORIES. SPH REIT maintained its strong portfolio occupancy rate of 97. 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. (ii) The REIT Manager owns approximately 4. With Keppel REIT and SPH REIT trading at S$1. PRESS RELEASE. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 1. Correspondingly, the REIT’s 3Q 2021 DPU of 1. LTD. 2% premium over the one-month volume weighted average price. 782 SPH REIT Units per Share (1) Illustrative price based on SPH REIT closing price of S$1. MORE STORIES. 9372 per unit for all units of SPH REIT. 77 per cent. 4m SPH REIT units, valued at S$20m and 6. 596 Keppel Reit units valued at 71. 2% y-o-y. Units in SPH REIT closed 1 cent higher or 1. 0553 (+2. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. The REIT is bound by a chain offer, resulting from its sponsor’s ongoing. 056 by FY2019, up 3. On 8th October 2022, SPH REIT announced its FY2022 results for the 12 months ended 31 August 2022. 4% y-o-y to S$105. SPH REIT published this content on 22 June 2022 and is solely responsible for the information contained therein. 5m sqft across a three-storey retail mall,. 099 per share. Read more at The Business Times. Distributed by Public, unedited and unaltered, on 09 June 2022 03:01:08 UTC. 4m SPH REIT units, valued at S$20m and 6. Paragon REIT Units Real Estate Investment Trust. 782) + Cash ($1. "Keppel will hold a remaining stake in SPH REIT and Keppel REIT of. 1% to SG$157. 0 / 0 %. Find out all the key statistics for Paragon REIT (SK6U. 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 Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. SGD 0. Singapore Hospitality / Property Development / Aluminium Assistant to CFO Stamford Land Corporation (Hospitality / Property Development). SPH REIT to merge with MPACT or CICT? Lifetime Membership When SPH shareholders approved the acquisition by Cuscaden Peak on 22 March 2022, the writing was on the wall that SPH REIT would be the next to be acquired. SPH REIT published this content on 21 December 2021 and is solely responsible for the information contained therein. Announcement Details. SPH shares closed 0. The portfolio of SPH REIT comprises the following five quality and well located commercial properties in Singapore and Australia:In short, for every 1,000 SPH shares owned, the shareholder gets $668 in cash, $715 worth of Keppel Reits and $716 worth of SPH Reits. 20. Steady Recovery Underpinned By Resilient Domestic Demand And Resumption Of International Travel. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. Jul 01, 2022 11:47 AM. Distributed by Public, unedited and unaltered, on 25 April 2022 03:18:03 UTC. Discover historical prices for SK6U. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. This includes a cash injection of $80 million, $30 million worth of SPH shares and SPH REIT units (Approximately 23. 38 cents. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 964 per unit by the amount of any distribution or return of capital. All Island Equity REIT. It is well served by the Hillview MRT station about 250 metres away and a network of public bus services. 3%, while its peers’ DPU yields have generally recovered to their respective 5-year means. SGD 0. SGD 0. 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. Paragon REIT engages in the direct and indirect investments on a portfolio of income-producing real estate used primarily for retail purposes. 3. Join. Read more at straitstimes. SPH REIT published this content on 15 June 2022 and is solely responsible for the information contained therein. 7% from S$0. 7 million, up 1. The part cash part share offer dated 15 Nov 2021 is based on the SPH Reit price of $1. Stock Symbol SGX:SK6U. $12. is currently the largest shareholder, with 31% of shares outstanding. Data from SPH REIT’s latest disclosure have been updated into the Singapore REITs table. 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. Apps. 003, a shocking decline of 78. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption. More On This Topic SPH seeks to buy back outstanding $500m of 3. 9400. Note that in this quarter, SPH REIT distributes 0. 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. Disciplined Capital Management. June 3, 2022 – Cuscaden Peak’s mandatory cash offer to acquire all units of SPH real estate investment trust (Reit) has turned unconditional in all respects, according to a bourse filing on Thursday, according to a report from The Straits Times. Retail investors net buy S$390 million of S-Reits in H1 2023. To put that amount in perspective, SPH is currently trading at S$1. 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). 8% y-o-y) and NPI of S$202. About the company. SPH REIT renames to Paragon REIT from January 3rd, 2023. The Reit has $1. Blog. SPH REIT Management Pte Ltd, the Manager of the Trust (“the Manager”) is responsible for the other information contained in the annual report. Legal Name SPH REIT Management Pte Ltd. SPH REIT Management Pte. 40 per share, comprising a mix of SPH REIT units and cash, or an all cash offer of S$2. 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. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. 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. In an Aug 7 statement, the. The information behind this electronic gatepost is only being made available to residents of Singapore. This presentation may also contain forward-looking statements that involve risks and uncertainties. SK6U fundamental analysis;SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. However, when SPH REIT reported its first-half fiscal year 2020 (FY 2020) earnings, it announced that the DPU would be just S$0. Cuscaden Peak says it reserves the right to adjust SPH REIT's chain offer price for DPU paid in Feb and May. Platform. Cuscaden Peak makes cash offer of 93. 596 Keppel REIT units and 0. The overall positive financial results were a little surprising to me. SPH Reit's DPU in Q1 down 13% to 1. . Build Retirement Portfolio with S-REIT. 13. 2 cents, Business News & Top. Ltd. 9 per cent below SPH Reit's last traded price, on Thursday (Apr 28), of S$0. SPH REIT Units (via DIS) S$0. 14. SPH REIT's inaugural distribution was 1. To this end, Chua sees SPH REIT trading sideways in the near term as it is bound by a chain offer from SPH's ongoing privatisation exercise. SPH REIT Units are not obligations of, deposits in, or guaranteed by the SPH REIT Manager or any of its affiliates. View daily, weekly or monthly formats back to when Paragon REIT stock was issued. Security. 668 per share, 0. In its regulatory filing furnished to. 7m (+3. Paragon REIT Reports Unchanged DPU of SG$0. However, given its sizable exposure to the high-end retail mall industry, concern over its business operational outlook. In addition, the high occupancy was supported by a high tenant retention ratio of 82. 28 Jan 2021. The name change will take effect from Jan 3, 2023, onwards. SPH acquires portfolio of five high quality senior independent living properties in Hokkaido, Nara and Tokyo. Note Short Sell volume according to the Daily. Receive at least 75% of gross income from real estate, such as real property rents. Announcement Details. Welcome to PARAGON REIT Investor Relations. The offer by Cuscaden is required by the Singapore Code on Take-overs and Mergers, as it now owns 47. 9m (+1. 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. As at 10. 9% above the NAV as at 28 February 22. 54K subscribers. 8%,. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). Login with PasswordKEPPEL Reit has divested its stake in its Brisbane property for A$275 million (S$277. The Board of Directors of SPH REIT Management Pte. SPH REIT MANAGEMENT PTE. Paragon REIT Reports Unchanged DPU of SG$0. 8% below SPH REIT’s daily volume-weighted average price (VWAP) over the last month. What this means is that SPH, which owns about 65% of SPH REIT, will transfer. Jul 01, 2022 11:47 AM. She is also a member of the NUS Law Advisory Council and Temasek Junior Collegewith Cuscaden Peak Pte. Prior to that, shares of SPH closed flat at $2. Welcome to PARAGON REIT Investor Relations. SPH REIT published this content on 20 June 2022 and is solely responsible for the information contained therein. SPH Reit to be renamed Paragon Reit from Jan 3 Link Reit plans $3. 04% up at 97. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions. Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. SPH shareholders will be entitled to 0. Its portfolio comprises leasehold. Securities Act of 1933,. 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. PARAGON REIT MANAGEMENT PTE. Cuscaden Peak’s offer—which gave SPH shareholders the option of accepting an all-cash offer of S$2. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 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. It divides the Forward Annualized Dividend by FY1 EPS. SPH REIT declared a DPU of S$0. SPH REIT has a portfolio of five assets in Singapore and Australia. I believe the improvement was because its assets (Paragon) in Singapore benefited from the easing of COVID-19 restriction measures and thus saw improvements both in. This could potentially trigger a chain offer for SPH Reits if Cuscaden accumulates 30 per cent or more of the Reits. 099 per share, comprising cash of S$0. Overall, the 12% increase is a combination of cash portion increase (c. SPH REIT (SGX:SK6U) entered into a contract to acquire 50% stake in Westfield Marion Shopping Centre, Adelaide, South Australia from Australian Prime Property Fund Retail managed by Lend Lease Real Estate Investments Limited for AUD 670 million on November 7, 2019. 5%, with no refinancing due till June 2021. The closing date for the chain offer has also been extended for two weeks to 5. Based on last Friday's closing prices, the value of Keppel Reits on offer is 71. 8 cents per share, as well as 0. Since its takeover by Cuscaden Peak in 2022, it has been renamed Cuscaden Peak Investments . SPH REIT. Arbor Realty Trust Inc. LTD. 6-2% to factor in 2 weeks of mandated rental rebates and lower fees paid in units. SPH Reit units shed three cents to close at $1. . As of 29 February 2020, SPH REIT has a portfolio of 5 assets across Singapore and Australia. 33 last Friday, while SPH Reit ended 1 per cent up at $1. . 668, as well as 0. The Reit has $1. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. PARAGON REIT MANAGEMENT is a Subsidiary Company of. Build Retirement Portfolio with S-REIT. This growth was largely driven by a gradual recovery in operating environment but partially offset by an increase in property operating expenses due to higher electricity rates (~+30% y-o-y). Announcement Details. , 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. Live Company UEN: 198402868E 79 ROBINSON ROAD Phone: +65-63196319, +65-63191050 Fomerly known as: SINGAPORE PRESS HOLDINGS PRIVATE LIMITED • SINGAPORE PRESS. 975), it is valued at $2. 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 purposes in Asia-Pacific, as well as real estate-related assets.