716 per share from a distribution in-specie by SPH. Ltd. Read more at The Business Times. Hello Seniors and fellow SPH holders, Got letter in mail today for the cash offer from SPH. 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. 782 SPH REIT units valued at S$0. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. 2 per cent of SPH Reit having completed its scheme to take SPH private. . It is relatively lower than other retail REITs with gearing ratio typically above 30%. Apps. 86 cents for the period from 24 July 2013 (listing date) to 30 November 2013. Chain offer price for SPH REIT. 07 Aug 2023. Arbor Realty Trust Inc. In all, this values SPH at $3. Singapore Hospitality / Property Development / Aluminium Assistant to CFO Stamford Land Corporation (Hospitality / Property Development). Switch to all cash, and increase the price above $2. Based on closing price of S$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. Paragon, one of the key malls that's part of SPH REIT's portfolio. Headquarters. 3449 only. SPH REIT renames to Paragon REIT from January 3rd, 2023. SPH had in August received a privatisation offer from Keppel at S$2. Distributed by Public, unedited and unaltered, on 20 June 2022 03:43:09 UTC. Ltd. 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. CI. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. Security. More On This Topic SPH seeks to buy back outstanding $500m of 3. Given that the markets usually pay for the long-term financial health of a company, we wonder if the current momentum in the share. 782 SPH REIT shares with an indicative value of. SI) stock quote, history, news and other vital information to help you with your stock trading and investing. 596 Keppel REIT units valued at S$0. All Island Equity REIT is a diversified real estate investment trust that is focused on British Columbia with around $215 million of assets on Vancouver Island. 099 per SPH share, which represents a 16. SPH REIT Units (via DIS) S$0. And since they are holding 70% of SPH REIT they have a. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. "Keppel will hold a remaining stake in SPH REIT and Keppel REIT of. SPH REIT has. 782 SPH REIT Unit valued at S$0. 4K links. 5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. 2% premium over the one-month volume. sg. Announcement Title: Change in Issuer Name: Date & Time of Broadcast: Dec 29, 2022 12:50: Status: New: Announcement Reference:. Cuscaden Peak says it reserves the right to adjust SPH REIT's chain offer price for DPU paid in Feb and May. 5% y-o-y). 715 per share. This 10 Years comparison chart explains everything why S-REIT is a MUST have asset class in your investment portfolio. THE BUSINESS TIMES SPH Reit - Find SPH Reit News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. Legal Name SPH REIT Management Pte Ltd. SPH REIT is not owned by hedge funds. 20. 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. Contact Us. SPH REIT is managed by SPH REIT Management Pte. 596 of a Keppel Reit unit and 0. 01 From SG$0. 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. 5%, with no refinancing due till June 2021. 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. (iv) TPR and the REIT Manager are subsidiaries of TPPL. SGD 0 0 / 0 % Share Price as of: -Market / ISIN Code: SGX Mainboard / SG2G02994595. Elite Commercial REIT has posted distribution per unit (DPU) of 1. 975), it is valued at $2. As a new major unitholder of SPH REIT, Cuscaden has to g. Share Price as of: -. YqNexrI5Aa0WBVPygGIdrNajfWdAi30fregf8Fnbknxph2_brQpPnRNlew. (NYSE: ABR) is a Long Island, New. 2 million a year ago. 5 cent and SPH Reits is 71. Suburban Propane Partners, L. Build Retirement Portfolio with S-REIT REITirement - SREIT @REITirement. 40 per share, comprising a mix of SPH REIT units and cash, or an all cash offer of S$2. ) Let us take a look at its financial results, and compare them against the REIT’s results. Whether you are interested in key performance ratios, financial news and results, we hope that you will find what you need readily here. LTD. 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. 596 units) and SPH REIT (0. As at 6 pm on Wednesday, offeror Cuscaden Peak had received valid acceptances of its chain offer in respect of approximately 4. 3% y-o-y respectively, mainly on contributions from Figtree Grove (Sydney) and full year contribution from Rail Mall. As a unitholder, I have gone through the presentation slides and in this post, you will find a summary, along with my thoughts (on. 86 cents for the period from 24 July 2013 (listing date) to 30 November 2013. Payout Ratio (FWD) Fwd Payout Ratio is used to examine if a company’s earnings can support the current dividend payment amount. Welcome to PARAGON REIT Investor Relations. 1. 36 apiece. 12-Jul-2021 18:43:20. 798(1) Being the value of 0. Sph Reit Management Pte Ltd, 1000 Toa Payoh North, News Centre. 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. 0543 and has increased to just S$0. Market / ISIN. Cuscaden Peak, a consortium comprising Hotel Properties, its managing director Ong Beng Seng, and 2 Temasek-related entities CLA and Mapletree, is offering each SPH shareholder the choice between an all-cash offer of S$2. Cuscaden Peak Pte. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. 099 per SPH share, which represents a 16. The mall is South Australia’s largest shopping centre spanning c. , a wholly-owned subsidiary of Cuscaden Peak Investments Private Limited (formerly known as Singapore Press Holdings Private Limited). The group’s newspaper ad revenue YoY decline has increased from 12. SPH REIT published this content on 25 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 10:16:17 UTC. com. 41 to 734. 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. From REIT Pulse perspective, SPH REIT has been performing fairly well over the last 3 years. On 8th October 2022, SPH REIT announced its FY2022 results for the 12 months ended 31 August 2022. Ltd. 782 SPH Reit unit. 782 SPH REIT Units per Share (1) Illustrative price based on SPH REIT closing price of S$1. This offer comprises cash of $0. Its portfolio comprises leasehold. Maintain HOLD rating on SPH REIT's with target price at S$0. 4 per cent to. **Close price adjusted for splits and dividend and/or capital gain distributions. 3 billion in borrowings at a gearing ratio of 30 per cent and a weighted average term to maturity of 2. Follow us on Facebook and join our channel for the latest updates. It is offering each shareholder the option of an all-cash offer of $2. 16M FY2022 refers to the period 1 September 2021 to 31 December 2022. S. 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. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. SPH shareholders will be entitled to 0. THE BUSINESS TIMESperformance of SPH REIT is not necessarily indicative of its future performance. The name change will take effect from Jan 3, 2023, onwards. 36 per SPH share, or an alternative of $2. SPH shareholders will be entitled to 0. 1 per cent in total return terms, after a challenging 2022 which saw it decline 12 per cent. It is also 2. Price vs Fair Value. 8% yoy. 0 / 0 %. (PBSA) portfolio, SPH REIT’s Figtree Grove and Rail Mall, which helped to offset declines in its media revenue. 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. Stock analysis for PARAGON REIT (SPHREIT:SP) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 602 cash and 0. Barrie ON - Head Office: Phone – Direct (705) 725-6020 Phone – Toll Free 1–844-474-9620 Fax (705) 725-8026. Legal Name SPH REIT Management Pte Ltd. Distributed by Public, unedited and unaltered, on 25 April 2022 03:18:03 UTC. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 12-month FY22 revenue grew 1. However, given its sizable exposure to the high-end retail mall industry, concern over its business operational outlook. . There have been a number of acquisitions allowing further growth of the REIT. Goola Warden Thu, Apr 14, 2022 • 08:31 PM GMT+08 • 1 min read. 54K subscribers. 02. 商业时报Find detailed analysis of Singapore-listed companies, along with advices on long-term investing and short-term trading here. 36445, not much difference from the all cash offer of $2. 38B. 30pm Mapletree Logistics Trust (SGX:M44U) will be holding an EGM on Monday, 23 November 2020, at 2. 13 and S$0. Distributed by Public, unedited and unaltered, on 24 June 2022 02:45:00 UTC. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. 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). Distributed by Public, unedited and unaltered, on 07 June 2022 03:21:00 UTC. SPH Reit units shed three cents to close at $1. Ltd. 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. 8 cents per share, as well as 0. 72 cents per unit, which is the minimum offer price required after adjusting for. SPH REIT published this content on 17 June 2022 and is solely responsible for the information contained therein. 4% stake in SPH REIT (SGX:SK6U) for approximately SGD 380 million. 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. 782 SPH REIT units valued at S$0. 74 pence. Security SPH REIT - SG2G02994595 - SK6U. 9%, reiterating tenants’ confidence in SPH REIT’s strategic assets. Loading more data. 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. All this comes after Cuscaden sweetened its first bid - in a battle with Keppel Corp for SPH - with an all-cash offer of $2. Coupled with the potential travel bubble arrangement between Singapore and other countries, Paragon. 36 per share or S$1. 8% y-o-y) and NPI of S$202. CGS-CIMB Adjusts Paragon REIT's Price Target to SG$1. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 58%. . The Board and Management firmly believe that success and prosperity depend upon our adherence to ethical business conduct. Cuscaden Peak makes cash offer of 93. Welcome to PARAGON REIT Investor Relations. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. SPH shares closed 0. 8 cents per SPH share plus 0. SI stock on Yahoo Finance. SPH REIT published this content on 25 November 2021 and is solely responsible for the information contained therein. Includes hours of operation for specific types of medical imaging at Saanich Peninsula Hospital. Note Includes only corporate actions with Ex-Date within upcoming 3 months. The offer by Cuscaden is required by the Singapore Code on Take-overs and Mergers, as it now owns 47. 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. 07 Aug 2023. Platforms. Ltd. Paragon REIT Reports Unchanged DPU of SG$0. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. 2% premium over the one-month volume weighted average price. Cuscaden Peak's offer of up to $2. 782 of an SPH Reit unit per share. 9%. 2 per cent, at 89 cents on Wednesday. 26. 91). 15am, units in SPH REIT are trading flat at 97 cents, or an FY2022 P/B of 1. 1% on a forward basis and below. 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. 97 dated December 1, 2022. 3 cents) for 1HFY2023 ended June, up 6. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. Contrast this with Parkway Life REIT (SGX: C2PU. As at 10. SPH REIT MANAGEMENT PTE. 09% of the Units. Ng has indicated his desire to step down as Director with effect from 1 January 2023. 6. (vii) SPH is a subsidiary of Cuscaden. All Island Equity REIT. 06:08 Outlook for Reits. It is well served by the Hillview MRT station about 250 metres away and a network of public bus services. 782 SPH REIT shares with an indicative value of. SPH Real Estate Investment Trust (Reit) : SK6U -1. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia-. SPH REIT, LREIT, KORE, ARA LOG, ESR REIT in list of potential candidates for upcoming FTSE. 72 cents per unit, the minimum offer price for SPH Reit. 8%,. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 2 billion, Keppel will be offering S$2. 9640 per unit on 29 April 2022. Disciplined Capital Management. 7% y-o-y on. Security. Paragon, one of the key malls that's part of SPH REIT's portfolio. SPH REIT () Stock Market info Recommendations: Buy or sell SPH REIT stock? Singapore Stock Market & Finance report, prediction for the future: You'll find the SPH REIT share forecasts, stock quote and buy / sell signals below. More On This Topic. 596 Keppel REIT units and 0. Since the takeover from Morgan Stanley, read in news that each stock will become SPH REIT (0. Here’re some comparisons. SPH Reit's DPU in Q1 down 13% to 1. 05 per. 36 per share or S$1. 2) 0. The SGX-ST assumes no responsibility for the correctness of any statements or opinions made or reports contained in this Prospectus. 72 cents for SPH REIT units after adjusting for distributions. SPH REIT. SPH REIT published this content on 29 July 2022 and is solely responsible for the information contained therein. 5K views 05:23SPH Reit posts lower DPU after distribution deferment, capital. 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. Invest at least 75% of total assets in real estate or cash. The company is based in Singapore. 44K links. P. S. 1. 3. Payment Of Management Fees (Base Fee) By Way Of Issue Of Units In SPH. 28 Jan 2021. Ltd. FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 748. On 7th November 2019, SPH REIT announced the acquisition of 50% in Westfield Marion Shopping Centre, Adelaide, South Australia. 3250 per share was made to shareholders on Tuesday, November 14, 2023. 3% y-o-y from $3,296. Receive at least 75% of gross income from real estate, such as real property rents. 1. Under the terms of the transaction, a refundable deposit of. 2 cents, Business News & Top. A look at the shareholders of SPH REIT ( SGX:SK6U ) can tell us which group is. 1. Under the offer, SPH shareholders will receive a total consideration of $2. 10 a share. 64% fromthe prior estimate of 0. The Rail Mall. Units of SPH Reit closed down two cents, or 2. S. Feb. Company Type For Profit. The overall positive financial results were a little surprising to me. SPH REIT announced full year revenue of S$281. 3 per cent to 90. 5 years. 0 / 0 %. , a wholly-owned subsidiary of Singapore Press Holdings Limited. Read more at straitstimes. 5 per cent, lower at 97 cents. SPH REIT to merge with MPACT or CICT? Lifetime Membership When SPH shareholders approved the acquisition by Cuscaden Peak on 22 March 2022, the writing was on the wall that SPH REIT would be the next to be acquired. This could potentially trigger a chain offer for SPH Reits if Cuscaden accumulates 30 per cent or more of the Reits. SPH REIT will be part of the sponsor privatisation offer by Keppel Corporation(SGX:BN4). TAGS. SPH REIT has a portfolio of five assets in Singapore and Australia. 36, or $2. SPH REIT published this content on 13 June 2022 and is solely responsible for the information contained therein. 9% in FY19, owing to. Distributed by Public, unedited and unaltered, on 22 June 2022 03:24:01 UTC. 15. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. S. 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 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. Partners REIT Announces Senior Management Appointments and Relocation of Offices . Disclaimer. completed the acquisition of an additional 14. The name change will take effect from Jan 3, 2023, onwards. The distribution per unit (DPU) of 1. 782 SPH REIT units for every SPH share held. 351 comprises 86. Paragon REIT Reports Unchanged DPU of SG$0. . Find out all the key statistics for Paragon REIT (SK6U. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. SPH REIT's (SGX:SK6U) top owners are individual investors with 33% stake, while 31% is held by private companies. 782) + Cash ($1. 8 per cent as at end-November, its manager disclosed in a quarterly update last Friday (Jan 7). SPH REIT, in my opinion, is a decently-run REIT that has demonstrated a good track record of NPI and DPU growth. 099 per share, comprising cash of 66. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Last Funding Type Post-IPO Equity. View real-time stock prices and stock quotes for a full financial overview. 9% less than the total consideration. The tenant sales are positive for both Clementi Mall and Westfield while marginal drop for Paragon. One word of caution is that SPH have purchase Clementi mall by outbidding the other REITs dramatically . Securities Act of 1933, as amended (the "U. SPH REIT Management Pte. SPH REIT renames to Paragon REIT from January 3rd, 2023. In an extraordinary general meeting (EGM) held on Dec 9, some 98. Stock Symbol SGX:SK6U. 782 of an SPH Reit unit. SPH Reit noted that FY2021 had a full-year contribution from Westfield Marion in South Australia which was acquired in the prior year with an incremental net property income of S$9. Financial Statements And Related Announcement - Half Yearly Results. Episodes feature views and insights from property analysts. If that happens, Cuscaden will make a takeover offer at 96. SPH REIT maintained a solid portfolio occupancy rate of 97. SPH REIT published this content on 24 May 2022 and is solely responsible for the information contained therein. The Reit has $1. 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. With Keppel REIT and SPH REIT trading at S$1. Retail investors net buy S$390 million of S-Reits in H1 2023. THE manager of SPH Reit on Monday announced distribution per unit (DPU) of 1. The name change will take effect from Jan 3, 2023, onwards. 30pm on June 30. 5% as at 31 August 2020 which is way below the permissible limit giving them the headroom for further acquisition. #1. 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. Every investor in SPH REIT should be aware of the most powerful shareholder groups. A wellmanaged shopping mall in an area with a growing catchment population would be a good pipeline asset for SPH REIT, which currently holds Paragon and The Clementi. According to present data SPH REIT's SK6U shares and potentially its market environment have been in bearish cycle last 12. 052/SPH share between 30 July 2021 to 9 November 2021 due to changes in unit prices of Keppel REIT and SPH REIT. 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. 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. 33 last Friday, while SPH Reit ended 1 per cent up at $1. 9% less than the total consideration. THE stakes have been raised in the battle for Singapore Press Holdings (SPH) T39. SPH REIT’s Financial Results in the Current Year (1H FY2019/20) Compared to the Previous Year (1H FY2018/19) SPH REIT released its financial results for first half of the financial year 2019/20 (also known at 1H FY2019/20) last week (on 01 April 2020. com. 54%. SPH REIT's (SGX:SK6U) top owners are individual investors with 33% stake, while 31% is held by private companies. The goal is to seek premium price because of differentiation and uniqueness of the offerings. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. The retail property component of the project is larger than some analysts had expected, and underscores the long-term value that SPH could tap from the project. Steady Recovery Underpinned By Resilient Domestic Demand And Resumption Of International Travel. 96, Keeps at Hold. The Cuscaden Peak offer comes in two options: $1. Disclaimer. Ltd. 6 cents. Follow us on Facebook and join our Telegram channel for the latest updates. General. 36 per cent of total issued units, according to a bourse filing on Thursday (Jun 30) night. On the back of improved operating performance across its portfolio, SPH REIT has reported gross revenue of SGD209. A poor SPH REIT does not bode well for them. (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 "). [Announcement] Mapletree Logistics Trust's EGM to be Held on Monday, 23 November 2020, at 2. The information behind this electronic gatepost is only being made available to residents of Singapore. 5%, which is underpinned by a high tenant retention ratio of 82. Find the latest Paragon REIT (SK6U.