See Saanich Penninsula Hospital location page . Partners REIT Announces Senior Management Appointments and Relocation of Offices . Date Of Release Of 2020 Second Quarter Results. Mr Patrick Daniel, Interim CEO of SPH Media Trust, recounted that SPHL had reiterated in its EGM circular to its shareholders that "the listed company model is no longer the best business structure. SPH REIT maintained its strong portfolio occupancy rate of 97. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. Stock analysis for PARAGON REIT (SPHREIT:SP) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 96. 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. Disclaimer. 10 a share. 4 per cent to. 02% (or 515,800) of the votes against. SPH REIT Units (via DIS) S$0. 72 cents per unit, the minimum offer price for SPH Reit. 5%, which is underpinned by a high tenant retention ratio of 82. Based on last Friday's closing prices, the value of Keppel Reits on offer is 71. 6 per cent from DPU of 1. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. (ii) The REIT Manager owns approximately 4. 3% y-o-y respectively, mainly on contributions from Figtree Grove (Sydney) and full year contribution from Rail Mall. The DPU for. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of. SPH REIT, in my opinion, is a decently-run REIT that has demonstrated a good track record of NPI and DPU growth. "Keppel will hold a remaining stake in SPH REIT and Keppel REIT of. , 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. is managed by SPH REIT Management Pte. 351 per share, consisting of S$0. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. 782 SPH REIT units valued at S$0. Distributed by Public, unedited and unaltered, on 20 May 2022 02:54:02 UTC. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 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 announced full year revenue of S$281. 1% to SG$157. Login with PasswordKEPPEL Reit has divested its stake in its Brisbane property for A$275 million (S$277. News. SINGAPORE - SPH Reit is planning to acquire The Rail Mall for $63. SPH had in August received a privatisation offer from Keppel at S$2. The name change will take effect from Jan 3, 2023, onwards. -0. SPH REIT published this content on 22 June 2022 and is solely responsible for the information contained therein. However, when SPH REIT reported its first-half fiscal year 2020 (FY 2020) earnings, it announced that the DPU would be just S$0. Distributed by Public, unedited and unaltered, on 22 June 2022 03:24:01 UTC. The information behind this electronic gatepost is only being made available to residents of Singapore. 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. 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. 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. Improved performance in 1H FY2022 reflecting SPH REIT's resilient portfolio of assets. This REIT essentially formed 25% of their EPS or DPS. The information behind this electronic gatepost is only being made available to residents of Singapore. This will bring the Cuscaden Peak and its concert parties’ stake in the real estate investment trust (Reit) to 61. 04 cents in H2 last year. 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. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. SPH REIT MANAGEMENT PTE. 1% on a forward basis and below. Paragon REIT announced dividend of taxable income distribution of 2. 1. 5%, with no refinancing due till June 2021. 4. 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. 90 Projected DPU Yield = 5. Stock Articles. 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. FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 748. Of course if they do, the new consortium has the right to improve their offer as well. Find out all the key statistics for Paragon REIT (SK6U. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions, and sustainable long. The company's market. 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. When was Suburban Propane Partners's most recent dividend payment? Suburban Propane Partners's most recent quarterly dividend payment of $0. 2% y-o-y. Ltd. 19 Jul 2023. Share Price as of: -. 8% below SPH REIT’s daily volume-weighted average price (VWAP) over the last month. More On This Topic. 3 = $293 mil. Gross. 40 per share, comprising a mix of SPH REIT units and cash, or an all cash offer of S$2. Back Dec 29, 2022. Issued by SPH REIT Management Pte. 1 per cent in total return terms, after a challenging 2022 which saw it decline 12 per cent. An investment in SPH REIT Units is subject to investment risks, including the possible loss of the principal amount. 782 SPH Reit units valued at. SPH REIT Announces Distribution for the Period from 1 March 2022 to 31 May 2022, Payable on 29 August 2022. 5 cent, or 0. 16M FY2022 refers to the period 1 September 2021 to 31 December 2022. LTD. 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 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. The mall is South Australia’s largest shopping centre spanning c. The offer to existing SPH shareholders is in the form of cash, SPH REIT, and Keppel REIT. The name change will take effect from Jan 3, 2023, onwards. 28 Jan 2021. 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. 98, respectively, as of 28 October 2021, the total consideration is now around S$2. 14. Mandatory Cash Dividend/ Distribution. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 596 Keppel Reit unit (valued at $0. How long has SPH REIT been paying dividends? SPH REIT (SGX:SK6U) stock has been paying dividend to its shareholders since 01/15/2014. Courier 158 Dunlop Street EastSPH shareholders can choose to receive either $2. 38 cents. VICTORIA, BC (September 10, 2010) - Partners Real Estate Investment Trust. 1. SPH REIT maintained a solid portfolio occupancy rate of 97. 2%. SPH Media to acquire Tech in Asia; no layoffs expected. Download Telegram About. 40 per share comprising $1. . Based on its Q3 FY17 report, it has total liabilities of S$922m and total assets of S$3. 0 / 0 %. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 54%. 1. 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. Switch to all cash, and increase the price above $2. completed the acquisition of an additional 14. 8 cents per share, 0. THE stakes have been raised in the battle for Singapore Press Holdings (SPH) T39. For the full year, gross revenue and net property income (NPI) jumped 7. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. 5 cents on Thursday, before the business update was released. 782 SPH REIT units for every SPH share held. SPH REIT - SG2G02994595 - SK6U. Ltd. SPH REIT, in my opinion, is a decently-run REIT that has demonstrated a good track record of NPI and DPU growth. SPH shares closed 0. Overall, the 12% increase is a combination of cash portion increase (c. SPH REIT published this content on 27 May 2022 and is solely responsible for the information contained therein. SPH REIT Management Pte Ltd, the Manager of the Trust (“the Manager”) is responsible for the other information contained in the annual report. 798(1) Being the value of 0. Announcements. 868 per share in cash, 0. Cuscaden Peak. Ltd. 2m (+14. 2. 0 / 0 %. 15am, units in SPH REIT are trading flat at 97 cents, or an FY2022 P/B of 1. As at end-August, its proportion of fixed debt was 71 per cent, with an average cost of debt of 1. The Rail Mall, acquired by then SPH REIT on 28 June 2018, is located along Upper Bukit Timah Road. "Keppel will hold a remaining stake in SPH REIT and Keppel REIT of. 3. 820. TAGS. . 1. 7% from S$0. 2 per cent of SPH Reit. 4%. 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. Summary. 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. . Apps. 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). 36, or $2. Correspondingly, the REIT’s 3Q 2021 DPU of 1. This was an improvement from its 97. Date Of Release Of PARAGON REIT's Financial Statements For The Half Year Ended 30 June 2023. The Offering consists of (i) an. SPH REIT Units. Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. 07 Aug 2023. 36445, not much difference from the all cash offer of $2. Price vs Fair Value. . Distributed by Public , unedited and unaltered, on 27 December 2021 02:56:04 UTC . Cuscaden Peak Pte. In all, this values SPH at $3. To capitalize SPH Media with initial resources, SPH will provide a one-time injection of funds to it (akin to a “divorce fee”). 68 per cent, or about 1. 975), it is valued at $2. 21 Jul 2023. The offer price translates to a valuation of S$0. For Immediate Release Media Release SPH REIT successfully secures refinancing of S$280 million in a five-year loan 29. P. SPH REIT’s growth momentum continued into 4Q19, both organically and inorganically. 8% yoy. 2% premium over the one-month volume. Date &Time of Broadcast. 9208. 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. In addition, the high occupancy was supported by a high tenant retention ratio of 82. SPH REIT is not owned by hedge funds. If you had been. 8 million in the fiscal year ended July 31 from SG$92. 099 per share. This offer was worth $2. 782 units) for each SPH share. Includes hours of operation for specific types of medical imaging at Saanich Peninsula Hospital. Paragon REIT engages in the direct and indirect investments on a portfolio of income-producing real estate used primarily for retail purposes. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. 3) 0. SPH shareholders will be entitled to 0. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. Stock Symbol SGX:SK6U. *Close price adjusted for splits. It is relatively lower than other retail REITs with gearing ratio typically above 30%. 74 pence. Download the PDF file and learn more about PARAGON REIT's. SPH REIT MANAGEMENT PTE. This includes a cash injection of $80 million, $30 million worth of SPH shares and SPH REIT units (Approximately 23. All this comes after Cuscaden sweetened its first bid - in a battle with Keppel Corp for SPH - with an all-cash offer of $2. 2 million a year ago. Arbor Realty Trust Inc. SPH shareholders will receive cash of S$0. As at Aug 31, SPH REIT’s portfolio is valued at $3,338. Cuscaden Peak Pte. 9 per cent. SPH REIT published this content on 17 June 2022 and is solely responsible for the information contained therein. Jul 01, 2022 11:47 AM. 8 cents per SPH share plus 0. Contact Us. Take a look at five REITs with recent insider buying that could be a tip-off that better times are ahead. Cost of debt was at 1. 9372 per unit. SPH REIT has a portfolio of five assets in Singapore and Australia. 4K links. 0 / 0 %. SPH REIT Commits To Provide Tenants'. 36, or $2. 3% y-o-y. 7% y-o-y on. 30 cents was based on income available for distribution for the comparative quarter from 1 September 2013 to 30 November 2013. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. So, the total value of all this when the offer was made was $2. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 9 years by NLA/gross rental income. PRESS RELEASE. 9 million units, representing about 14. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. 36 per share or S$1. 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. 4 Effective Date. And since they are holding 70% of SPH REIT they have a. 9% below SPH REIT’s last traded price of 97. 5K views 05:23SPH Reit posts lower DPU after distribution deferment, capital. 3 million (0. 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. Valuing Others – Associates, Joint Ventures (Property Development. It adde. 108 (A slight increase due to the improvement of SPH REIT share price). 36, or S$2. 2 cents, Business News & Top. 0172 for Four Months to December 2022 Period. SPH REIT Units (via DIS) S$0. Financial Statements And Related Announcement - Half Yearly Results. 596 Keppel REIT units and 0. The information behind this electronic gatepost is only being made available to residents of Singapore. 782 SPH REIT units for every SPH share held. 4 billion. 77 per cent. 9372 per unit for all units of SPH REIT. 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. 596 Keppel REIT units valued at S$0. 27 Feb 2020. Distributed by Public , unedited and unaltered, on 25 November 2021 03:09:02 UTC . 9%, reiterating tenants’ confidence in SPH REIT’s strategic assets. SPH REIT published this content on 16 February 2022 and is solely responsible for the information contained therein. 36 per share. Distributed by Public, unedited and unaltered, on 25 April 2022 03:18:03 UTC. SPH shareholders will receive cash of S$0. 3 million. Stock analysis for PARAGON REIT (SPHREIT:SP) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 13. 97 dated December 1, 2022. SPH REIT’s 3rd Quarter Update for FY2019/20 – A Summary and My Thoughts – The Singaporean Investor. SGD 0. SPH REIT strives toThe 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. 3m. It operates through the following segments: Paragon, The Clementi Mall, The Rail Mall, Figtree Grove, and Westfield Marion. Receive at least 75% of gross income from real estate, such as real property rents. Under the new offer, SPH shareholders can now choose between (1) $2. REITirement - SREIT. 782) + Cash ($1. (PBSA) portfolio, SPH REIT’s Figtree Grove and Rail Mall, which helped to offset declines in its media revenue. 4% q-o-q but down 24. 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). SPH REIT renames to Paragon REIT from January 3rd, 2023. The ratio is calculated by dividing the trailing 12 months EBITDA by the trailing 12 months interest. 10%) and increased value of Keppel REIT and SPH REIT. 48K subscribers. 05 per. According to present data SPH REIT's SK6U shares and potentially its market environment have been in bearish cycle last 12. Chart. SPH REIT's (SGX:SK6U) top owners are individual investors with 33% stake, while 31% is held by private companies. 9%, underpinned by higher occupancy at its Singapore assets and recovering tenant sales, while its WALE remains healthy at 5. My Notes. 668 per share, 0. Chain offer price for SPH REIT. 28 Jul 2022. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption. CUSCADEN Peak's mandatory cash offer to acquire all units of SPH Reit : SK6U +0. **Close price adjusted for splits and dividend and/or capital gain distributions. Singapore Hospitality / Property Development / Aluminium Assistant to CFO Stamford Land Corporation (Hospitality / Property Development). (“ 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”). Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. 5 per cent, lower at 97 cents. With Keppel REIT and SPH REIT trading at S$1. Cuscaden Peak says it reserves the right to adjust SPH REIT's chain offer price for DPU paid in Feb and May. 72 cents per unit, the minimum offer price for. Distributed by Public, unedited and unaltered, on 20 June 2022 03:43:09 UTC. 36 per share or S$1. 602 cash and 0. 056 by FY2019, up 3. LTD. 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. sg. 13 and S$0. Morningstar Rating. Sponsor and major shareholder, SingaporeFinancial Highlights. 7% y-o-y). Suburban Propane Partners, L. Industry analysis of Real Estate Operations using Porter Five Forces can help SPH REIT to avoid spaces that are. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. 8 million changing hands. 6. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. 6 years. 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. In their report dated Jan 7, Eing and Lock like that the. 099 per share. Build Retirement Portfolio with S-REIT. This represents an annualised yield of 5. 86 cents for the period from 24 July 2013 (listing date) to 30 November 2013. Contrast this with Parkway Life REIT (SGX: C2PU. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. This brings DPU for the second half of FY2021 to 2. Ltd. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. Cuscaden Peak’s offer—which gave SPH shareholders the option of accepting an all-cash offer of S$2. Should the proposed privatisation go through, the sponsor’s stake will decrease from the current 63% to below. Looking ahead, SPH Reit said that it would maintain a disciplined approach to capital management. 72 Singapore cents for the four months ended Dec 31, 2022, unchanged from a year ago. Loading more data. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. Photo: Samuel Isaac Chua/The Edge Singapore. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. Notes. Therefore, the current financial year will be a 16-month period from 1 September 2021 to 31 December 2022. BM4wkoB-e9p9PBi601taz5eSNkoDxC5wycV2xgrtyiM. 28 Jan 2021. 9372 is: 3. 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. 020 per SPH REIT Unit as at 12 November 2021, being the Last Trading Day. 099 per share, comprising cash of S$0. SPH REIT published this content on 09 June 2022 and is solely responsible for the information contained therein. Given that the markets usually pay for the long-term financial health of a company, we wonder if the current momentum in the share. The Board and Management firmly believe that success and prosperity depend upon our adherence to ethical business conduct. 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. The company is based in Singapore. Ltd. 715 per share, and 0. 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.