The information behind this electronic gatepost is only being made available to residents of Singapore. General. This presentation may also contain forward-looking statements that involve risks and uncertainties. But since we can’t do much about Seletar mall, we can deduct the 30% non-controlling cash of SPH REIT from SPH total cash. 0172 for Four Months to December 2022 Period. Distributed by Public, unedited and unaltered, on 15 June 2022 04:02:03 UTC. LTD. This offer was worth $2. 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. Distributed by Public , unedited and unaltered, on 27 December 2021 02:56:04 UTC . The information behind this electronic gatepost is only being made available to residents of Singapore. SPH REIT is not owned by hedge funds. Keep the Cash + Keppel / SPH REIT offer, but up the price, or. Discover historical prices for SK6U. The average one-year price target for SPH REIT (SGX:SK6U) has been revised to 1. 07 Aug 2023. 5 years. 2 per cent of shareholder votes signalled their approval for the acquisition of SPH, while 1. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. Disclaimer. View real-time stock prices and stock quotes for a full financial overview. General. Despite the decline in visitor traffic, FY tenant sales remain resilient. TAGS. 01% of the Units. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. Consequently, portfolioDisclaimer. Overview of 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. For instance, SPH REIT (SGX: SK6U) has the backing of media giant Singapore Press Holdings (SGX: T39), but its distribution per unit (DPU) has not grown much over the years. The stronger results were driven by higher revenue across all assets mainly due to lower rental relief provided and full year financial contribution from Westfield Marion. 05 cents. 602 in cash and 0. Barrie ON - Head Office: Phone – Direct (705) 725-6020 Phone – Toll Free 1–844-474-9620 Fax (705) 725-8026. , 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. 099 per share, comprising cash of 66. It is relatively lower than other retail REITs with gearing ratio typically above 30%. 30pm on June 30. 798(1) Being the value of 0. 099 per share when it was tabled. The Rail Mall. 72 cents per unit, which is the minimum offer price required after adjusting for. 3 Key Takeaways from me: Rival Offer is Definitely. SK6U. 099 per share, comprising cash of S$0. 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 published this content on 17 June 2022 and is solely responsible for the information contained therein. BM4wkoB-e9p9PBi601taz5eSNkoDxC5wycV2xgrtyiM. 3% quarter-on-quarter (QoQ) and 313. S$636. It is now offering each SPH shareholder the option of an all-cash offer of $2. Disclaimer. It operates through the following segments: Paragon, The Clementi Mall, The Rail Mall, Figtree Grove, and Westfield Marion. According to the REIT manager, the new name is “synonymous with quality and excellence”. Morningstar Rating. More On This Topic. This is a big draw for investor interest in REITs. Units in SPH REIT closed 1 cent higher or 1. 782 SPH REIT units (worth $2. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 3 cents) for 1HFY2023 ended June, up 6. This came following the completion of an offer by Cuscaden to take SPH (Singapore Press Holdings) private, which resulted in. It divides the Forward Annualized Dividend by FY1 EPS. 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. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. THE stakes have been raised in the battle for Singapore Press Holdings (SPH) T39. 782 of an SPH Reit unit through a distribution-in-specie by SPH. 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 did not declare any distributions during the quarter as it is bound by the Singapore takeover code on the back of the possible chain offer by Cuscaden. Episodes feature views and insights from property analysts. Disclaimer. 0 / 0 %. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. Switch to all cash, and increase the price above $2. 2m (+14. (SPH) dividend growth history: By month or year, chart. 02. Summary. Contact Email [email protected], or 5. Note Daily OHLC share price according to SGX Ready Market transactions. SPH Reit to be renamed Paragon Reit from Jan 3 Link Reit plans $3. 6). SPH REIT published this content on 24 June 2022 and is solely responsible for the information contained therein. [Announcement] Mapletree Logistics Trust's EGM to be Held on Monday, 23 November 2020, at 2. Paragon REIT announced dividend of taxable income distribution of 2. Cost of debt was at 1. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 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. Securities Act of 1933, as amended (the "U. 58%. 5m sqft across a three-storey retail mall,. . 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. 1. Contact Email [email protected] REIT's (SGX:SK6U) stock is up by 1. 602 cash per share plus 0. Cuscaden Peak says it reserves the right to adjust SPH REIT's chain offer price for DPU paid in Feb and May. 8 million in the fiscal year ended July 31 from SG$92. 36, or S$2. 4m SPH REIT units, valued at S$20m and 6. SGD 0. Build Retirement Portfolio with S-REIT. 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. Based on current price of SPH REIT, the alternative will fetch $2. Date Of Release Of PARAGON REIT's Financial Statements For The Half Year Ended 30 June 2023. 9372 is: 3. 33 last Friday, while SPH Reit ended 1 per cent up at $1. Coming Dividends. Distributed by Public, unedited and unaltered, on 22 June 2022 03:24:01 UTC. SPH REIT MANAGEMENT PTE. The company is based in Singapore. This offer comprises cash of $0. Paragon Shopping Mall, which is part of the REIT's portfolio. Date &Time of Broadcast. communications functions in the SPH Group and sits on several steering and senior management committees. 2 million a year ago. Welcome to PARAGON REIT Investor Relations. 38B. Paragon REIT Reports Unchanged DPU of SG$0. units of SPH REIT are only being offered outside the United States in reliance on Regulation S under the U. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. Its portfolio of Singapore properties comprises Paragon, The Clementi Mall and The Rail Mall, with an aggregate net lettable area of about. S. Note Short Sell volume according to the Daily. , a wholly-owned subsidiary of Singapore Press Holdings Limited. Note that in this quarter, SPH REIT distributes 0. Sph Reit Management Pte Ltd, 1000 Toa Payoh North, News Centre. DPU for the fiscal year 2014 (FY2014) was S$0. sg. 36 per SPH share, or an alternative of $2. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. 35, while units of SPH Reit ended 0. 2 per cent of SPH Reit. Based on closing price of S$0. 3 Key Takeaways from me on the Rival SPH offer. General. Morgan Stanley Asia, on behalf of Cuscaden Peak, said the Ong Beng Seng-led consortium has received valid acceptances of its chain offer of an aggregate of 130,059,351 offer units, representing approximately 4. Announcement Title. 91). 3250 per share was made to shareholders on Tuesday, November 14, 2023. 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. , 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”). 02% (or 515,800) of the votes against. With effect from 3 January 2023, SPH REIT has officially been renamed PARAGON REIT; for more information, please refer to the following announcement. A physician or nurse practitioner. Distributed by Public, unedited and unaltered, on 13 June 2022 02:52:00 UTC. SPH REIT (SGX:SK6U) ’s portfolio occupancy at 98. 94 cents, up 184. If you had been. 13. 782 of an SPH Reit unit through a distribution-in-specie by SPH. Securities Act of 1933,. 4 billion. 21 Jul 2023. 06:08 Outlook for Reits. Last Funding Type Post-IPO Equity. 13. (vii) SPH is a subsidiary of Cuscaden. View daily, weekly or monthly formats back to when Paragon REIT stock was issued. 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. 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. . Morningstar Rating. 602 cash and 0. SPH REIT has a portfolio of five assets in Singapore and Australia. Every investor in SPH REIT should be aware of the most powerful shareholder groups. 3% y-o-y. 8% in 1Q22 was stable q-o-q and rose y-o-y from 97. Cuscaden Peak’s offer—which gave SPH shareholders the option of accepting an all-cash offer of S$2. 099 per SPH share, which represents a 16. Units of SPH Reit rose two cents or 2. We would like to show you a description here but the site won’t allow us. SPH REIT : Proposed Scheme Of Arrangement Involving Singapore Press Holdings Limited (Dealing Disclosure) -January 27, 2022 at 09:26 pm EST |. 8 cents per share, 0. 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 2022Simply enter your email below to download the 5 Singapore REITs that consistently increase their DPU for your watchlist. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. Share Price as of: -. is currently the largest shareholder, with 31% of shares outstanding. 86 cents for the period from 24 July 2013 (listing date) to 30 November 2013. 2 per cent, at 89 cents on Wednesday. Share Price as of: -. SPH REIT maintained its strong portfolio occupancy rate of 97. 2% premium over the one-month volume. Join REITirement - SREIT. Therefore, the current financial year will be a 16-month period from 1 September 2021 to 31 December 2022. 668 per share, 0. MT. 12-Jul-2021 18:43:20. PRESS RELEASE. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Singapore’s largest omnichannel media network, bringing you trusted news and lifestyle content across print, digital, radio and outdoor mediaPARAGON Real Estate Investment Trust (Reit), previously known as SPH Reit, declared a distribution per unit (DPU) of 1. Security SPH REIT - SG2G02994595 - SK6U. 04 cents in H2 last year. Announcement Details. SPH REIT invests in retail properties in Asia-Pacific. 40 per share comprising $1. 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). 1 per cent at 89 cents. 30pm on March 22 to vote on the proposed distribution in-specie of SPH Reit units under the Cuscaden scheme. . A look at the shareholders of SPH REIT ( SGX:SK6U ) can. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. Announcement Title. As at 10. Cuscaden Peak Pte. SPH REIT, LREIT, KORE, ARA LOG, ESR REIT in list of potential candidates for upcoming FTSE. The counter code of the REIT will remain unchanged at SK6U. com Industry Dividends REIT MLP. 099 per share. 6 million for the nine months ended 31 May, an increase of 22% year-on-year. 9 per cent below SPH Reit's last traded price, on Thursday (Apr 28), of S$0. Chart. 2% y-o-y) was in line, forming 79% of our 16-month FY22F. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 1) Cash of S$0. 36 per share or S$1. Payment Of Management Fees (Base Fee) By Way Of Issue Of Units In SPH. Stock Symbol SGX:SK6U. SPH shareholders will receive cash of S$0. To capitalize SPH Media with initial resources, SPH will provide a one-time injection of funds to it (akin to a “divorce fee”). 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. 716 per share from a distribution in-specie by SPH. CUSCADEN Peak will offer to acquire SPH Reit : SK6U 0% at S$0. 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. CapitaLand Ascendas Real Estate Investment Trust. 2 Acquisition: upon the DIS taking effect, a proposed acquisition (the “Acquisition”) by the Offeror of all the issued and paid. 0124 for its 2QFY21 (ended 28 Feb), representing an increase of 3. Valuing Others – Associates, Joint Ventures (Property Development. Elite Commercial REIT has posted distribution per unit (DPU) of 1. 0%. 98, respectively, as of 28 October 2021, the total consideration is now around S$2. 020 per SPH REIT Unit as at 12 November 2021, being the Last Trading Day. SGD 0 0 / 0 % Share Price as of: -Market / ISIN Code: SGX Mainboard / SG2G02994595. 3 billion in borrowings at a gearing ratio of 30 per cent and a weighted average term to maturity of 2. completed the acquisition of an additional 14. 1. SPH REIT (SGX:SK6U)’s FY21 (Sep 2020 to Aug 2021) revenue rose by 14. 6 years. 2 per cent of SPH Reit. Goola Warden Thu, Apr 14, 2022 • 08:31 PM GMT+08 • 1 min read. In their report dated Jan 7, Eing and Lock like that the. 4% in FY18 to 13. Company Type For Profit. Paragon REIT (formerly known as SPH REIT) Dec 2018 - Present 5 years. CGS-CIMB Adjusts Paragon REIT's Price Target to SG$1. Arbor Realty Trust Inc. 6%. Security. 72 cents for the 4MFY2022 ended Dec 31, 2022, unchanged y-o-y compared to the same period the year before. 782 SPH REIT units 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. " SPH is a media organisation whose portfolio also includes properties, broadcasting, and events and. SPH Reit's DPU in Q1 down 13% to 1. Blog. com. My Notes. As at end-August, its proportion of fixed debt was 71 per cent, with an average cost of debt of 1. SPH REIT maintained a solid portfolio occupancy rate of 97. 5 cents on Jan 12. In particular, the units of PARAGON REIT have not been and will not be registered under the U. Photo: Samuel Isaac Chua/The Edge Singapore. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions, and sustainable long. Search for stock quotes, share prices, market data and trading information of all equity securities traded on Singapore Exchange. As manager of SPH REIT 29 December 2022 IMPORTANT NOTICE This Announcement is for information only and does not constitute an invitation or offer to acquire, purchase or subscribe for units in the Trust (the “Units”). In particular, the units of PARAGON REIT have not been and will not be registered under the U. 351 comprises 86. Market / ISIN Code: SGX Mainboard / SG2G02994595. MT. Our data shows SPH REIT has a return on equity of 5. Summary. 5% which I felt is low for a retail REIT and there is definitely further room for more acquisitions. is managed by SPH REIT Management Pte. 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. Cuscaden Peak Pte. Distributed by Public, unedited and unaltered, on 24 June 2022 02:45:00 UTC. SPH REIT (SGX:SK6U) provided an update for the third quarter FY2019/20 ended 31 May 2020 yesterday evening. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia-. 12-Jul-2021 18:43:20. Paragon Reit, previously named SPH Reit, has changed it financial year end from Aug 31 to Dec 31. SPH REIT's inaugural distribution was 1. 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. LTD. 4 per cent to. 5 cents on Thursday (April 28). 602 of cash per share and 0. Units of SPH Reit closed down two cents, or 2. 8 million changing hands. Cuscaden Peak’s offer—which gave SPH shareholders the option of accepting an all-cash offer of S$2. THE chain offer for SPH Reit has closed with valid acceptances in respect of 402. 782 SPH REIT units per share. Since its takeover by Cuscaden Peak in 2022, it has been renamed Cuscaden Peak Investments . 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. SPH REIT's (SGX:SK6U) top owners are individual investors with 33% stake, while 31% is held by private companies. It adde. About the company. In its regulatory filing furnished to. 6-2% to factor in 2 weeks of mandated rental rebates and lower fees paid in units. 715) and 0. 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. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. 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. 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. 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 (SGX:SK6U)'s 12-month FY22 DPU of S$0. Price vs Fair Value. Distributed by Public, unedited and unaltered, on 17 June 2022 03:02:02 UTC. 820. It is also 2. This 10 Years comparison chart explains everything why S-REIT is a MUST have asset class in your investment portfolio. SPH REIT's eligibility to list on the Main Board of the SGX-ST does not indicate the merits of the Offering, SPH REIT, the Manager, the Trustee, the Sponsor, the Global Coordinator, the Joint Bookrunners or the Units. If we remove this S$ 7. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. Payout Ratio (FWD) Fwd Payout Ratio is used to examine if a company’s earnings can support the current dividend payment amount. Ltd. SPH REIT’s key asset is the Paragon mall, which enjoyed a 25. 54%. MT. Looking ahead, SPH Reit said that it would maintain a disciplined approach to capital management. 14. 4% stake in SPH REIT (SGX:SK6U) for approximately SGD 380 million. 20. 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). Login with PasswordKEPPEL Reit has divested its stake in its Brisbane property for A$275 million (S$277. 0 / 0 %. 3. 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. 6m (+11. The portfolio of SPH REIT comprises the following five quality and well located commercial properties in Singapore and Australia:SPH REIT can select one or more attributes in terms of products and services that customers in the Real Estate Operations values most. Singapore Press Holdings Limited (SPH) received an unsolicited proposal from Temasek-backed real estate consortium Cuscaden Peak Pte. 36, or $2. 602 in cash and 0. SPH REIT Commits To Provide Tenants'. 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. Ms Lim is a director of Times Development Pte Ltd, Orchard 290 Ltd and SPH REIT (Investments) Pte Ltd, all of which are property subsidiaries of SPH. 54K subscribers. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. 782 units) for each SPH share. 596 of a Keppel Reit unit and 0. 2m (-2% h-o-h), coming in at 98% of our full-year forecast. Disclaimer. . 7% over the past week. This will bring the number of SPH REIT units to be acquired by the offerer and its. Mandatory Cash Dividend/ Distribution. Distributed by Public, unedited and unaltered, on 20 June 2022 03:43:09 UTC. Apr 29, 2022, 8:05 AM SGT SINGAPORE ( THE BUSINESS TIMES) - Cuscaden Peak will offer to acquire SPH Reit at 93. The investment strategy of SPH REIT is to invest, directly or indirectly, in a portfolio of income-producing real estate which is used primarily for retail purposes in Asia Pacific, as well as real estate-related assets. Welcome to PARAGON REIT Investor Relations. Cuscaden Peak's offer of up to $2. 668), Keppel REIT (0. , a wholly-owned subsidiary of Cuscaden Peak Investments Private Limited (formerly known as Singapore Press Holdings Private Limited). One word of caution is that SPH have purchase Clementi mall by outbidding the other REITs dramatically . 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. 26. SPH Reit aims to be a premier retail real estate investment trust with a portfolio of quality income-producing retail properties. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer 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. We know SPH REIT has $63 mil in cash but not sure about Seletar Mall. 0% interest in 15 properties, and a 100. is ACRA - registered entity that has been operating for 10 years 8 months in Singapore since its incorporation in 2013. Distributed by Public , unedited and unaltered, on 21 December 2021 03:39:03 UTC . She is also a member of the NUS Law Advisory Council and Temasek Junior Collegewith Cuscaden Peak Pte. of the share. Distributed by Public, unedited and unaltered, on 27 May 2022 09:42:19 UTC. 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. SPH REIT gearing remains stable at 30. 668 per share, 0. 15am, units in SPH REIT are trading flat at 97 cents, or an FY2022 P/B of 1. 7% y-o-y on. Market / ISIN.