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Correspondingly, the REIT’s 3Q 2021 DPU of 1. Blog. As at 21 February 2022 (being the Latest Practicable Date prior to the publication of the Cuscaden Composite. 602) part share (0. SPH REIT is a real estate investment trust that invests in income-producing retail malls in Singapore and Australia. 4K links. 68 cents for 1H FY2022, increasing by 9. Cuscaden Peak says it reserves the right to adjust SPH REIT's chain offer price for DPU paid in Feb and May. 782 SPH REIT units valued at S$0. 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. 85-$0. Its final offer for SPH is S$2. PARAGON REIT MANAGEMENT is a Subsidiary Company of. 6%. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. It owns three retail assets in Singapore, with Paragon Mall. BM4wkoB-e9p9PBi601taz5eSNkoDxC5wycV2xgrtyiM. 20. This is a big draw for investor interest in REITs. SPH REIT published this content on 17 June 2022 and is solely responsible for the information contained therein. 07 Aug 2023. (iv) TPR and the REIT Manager are subsidiaries of TPPL. sg. 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. 208 photos. 5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. 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”). 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. "Keppel will hold a remaining stake in SPH REIT and Keppel REIT of. 9640 per unit on 29 April 2022. or more of the SPH REIT Units (including those SPH REIT Units held by SPH after the completion of the DIS). Note that in this quarter, SPH REIT distributes 0. 1. Summary. Should the proposed privatisation go through, the sponsor’s stake will decrease from the current 63% to below. We tweak SPH REIT 's FY21-23F DPU forecast down 0. Cuscaden Peak, a consortium of local investors, offered to buy all units of SPH real estate investment trust (Reit) at 93. Hope to catch a nice uptrending wave for SPH Reit as the price bounces off. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 716 per share, from a distribution in-specie (“DIS”) by SPH. The information behind this electronic gatepost is only being made available to residents of Singapore. The Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia-. SGD 0. More On This Topic SPH seeks to buy back outstanding $500m of 3. IT HAS been just over 8 months since Cuscaden Peak submitted a proposal to the board of directors of Singapore Press Holdings. 14. (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 "). 052/SPH share between 30 July 2021 to 9 November 2021 due to changes in unit prices of Keppel REIT and SPH REIT. 8% y-o-y) and NPI of S$202. PARAGON REIT MANAGEMENT PTE. Partners REIT Announces Senior Management Appointments and Relocation of Offices . It is now offering each SPH shareholder the option of an all-cash offer of $2. 5% y-o-y). 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. SPH REIT declared a DPU of S$0. 0 / 0 %. 782 SPH REIT units per share. . 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). Cuscaden Peak’s offer—which gave SPH shareholders the option of accepting an all-cash offer of S$2. In particular, the units of PARAGON REIT have not been and will not be registered under the U. With effect from 3 January 2023, SPH REIT has officially been renamed PARAGON REIT; for more information, please refer to the following announcement. 3 per cent to 90. 0 / 0 %. 2% premium over the one-month volume. Payment Of Management Fees (Base Fee) By Way Of Issue Of Units In SPH. 72 Singapore cents for the four months ended Dec 31, 2022, unchanged from a year ago. provides SPH shareholders with either a total consideration of S$2. Issued by SPH REIT Management Pte. 975), it is valued at $2. 05 cents. SPH REIT. Market / ISIN Code: SGX Mainboard / SG2G02994595. SPH REIT’s Portfolio: With a total of just 2 retail malls during its IPO (Paragon and The Clementi Mall), CEO Ms Susan Leng shared that its portfolio have expanded to 5 malls – with The Rail Mall acquired in June 2018, an 85% stake in the Figtree Grove (in Australia) acquired in December 2018, and a 50% stake in Westfield Marion (in. The higher topline results were due to full year. Company Type For Profit. 0172 for Four Months to December 2022 Period. We know SPH REIT has $63 mil in cash but not sure about Seletar Mall. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. SPH REIT MANAGEMENT PTE. Operating Status Active. SPH REIT Management Pte. Barrie ON - Head Office: Phone – Direct (705) 725-6020 Phone – Toll Free 1–844-474-9620 Fax (705) 725-8026. Stock XSES Rating as of Nov 17, 2023. Ltd. 1. Improved performance in 1H FY2022 reflecting SPH REIT's resilient portfolio of assets. Ltd. 06:08 Outlook for Reits. 05 (1. TAGS. More On This Topic. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 02. 782 SPH REIT units valued at S$0. In their report dated Jan 7, Eing and Lock like that the. 40 per. 40 per share comprising $1. 596 Keppel Reit unit (valued at $0. 30pm, to seek unitholders' approval on the following: (i) The proposed acquisitions of the remaining 50. SPH REIT - SG2G02994595 - SK6U. The company's portfolio includes Paragon and The Clementi Mall. Distributed by Public, unedited and unaltered, on 07 June 2022 03:21:00 UTC. One thing I would like to point out is that the distribution for 1H FY 21 includes the release of approximately S$7. 01% of the Units. 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. 6% has turned unconditional in all respects, according to a bourse filing on Thursday (Jun 2). SGD 0. 020 per SPH REIT Unit as at 12 November 2021, being the Last Trading Day. Feb. The Cuscaden Scheme has become effective and binding in accordance with its terms today, 29 April 2022 (the "Effective Date"). The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions. 798(1) Being the value of 0. 6m (+11. We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or results. 4m SPH REIT units, valued at S$20m and 6. 1. Follow us on Facebook and join our Telegram channel for the latest updates. $12. In addition, the high occupancy was supported by a high tenant retention ratio of 82. 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. The average one-year price target for SPH REIT (SGX:SK6U) has been revised to 1. 13. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. Founded Date 2013. SPH REIT maintained a solid portfolio occupancy rate of 97. 2) 0. In the mail today they made an offer. Morningstar Rating. FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 748. This will bring the number of SPH REIT units to be acquired by the offerer and its. 74 pence. 2 billion, Keppel will be offering S$2. 782 SPH Reit units valued at. Distributed by Public , unedited and unaltered, on 21 December 2021 03:39:03 UTC . Indeed, the consortium subsequently announced the chain offer of SPH REIT at $0. 77 per cent. 0124 for its 2QFY21 (ended 28 Feb), representing an increase of 3. 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. There have been a number of acquisitions allowing further growth of the REIT. 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. Keppel's final offer of $2. Jul 01, 2022 11:47 AM. 1% on a forward basis and below. 1 day ago · Synopsis: Hosted by senior correspondent Leslie Yee, PropertyBT from The Business Times shares insights on all things Singapore property to help you on your property investment journey. See Saanich Penninsula Hospital location page . Officially, PARAGON REIT MANAGEMENT PTE. com. Cuscaden Peak’s offer—which gave SPH shareholders the option of accepting an all-cash offer of S$2. The property was valued at US$210 million as at Dec 31, 2022. 72 cents per unit, the minimum offer price for. 2 per cent of SPH Reit. last Friday (29 October), to acquire all of the issued ordinary shares of SPH for S$2. For the full year, gross revenue and net property income (NPI) jumped 7. . Feb. The goal is to seek premium price because of differentiation and uniqueness of the offerings. SPH REIT published this content on 27 December 2021 and is solely responsible for the information contained therein. 12-Jul-2021 18:43:20. Asia’s most international, multi-asset exchange, operating securities, fixed income and derivatives markets to the highest regulatory standards. Disciplined Capital Management. On the back of improved operating performance across its portfolio, SPH REIT has reported gross revenue of SGD209. THE chain offer for SPH Reit has closed with valid acceptances in respect of 402. Feb. 8%,. 3. 4. MT. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. 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. SPH REIT and SPH REIT Management Pte Ltd Announces Resignation of Chua Hwee Song as Non Executive Non Independent Director. 099 per share, comprising cash of S$0. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. 9450. SPH REIT has a healthy balance sheet with low gearing. SPH REIT's (SGX:SK6U) top owners are individual investors with 33% stake, while 31% is held by private companies. 5 million through the private placement. 04% up at 97. Under the offer, SPH shareholders will receive a total consideration of $2. 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. 19 Jul 2023. Contact Us. 94 cents, up 184. 9400. 41 to 734. From REIT Pulse perspective, SPH REIT has been performing fairly well over the last 3 years. Cuscaden Peak makes cash offer of 93. This could potentially trigger a chain offer for SPH Reits if Cuscaden accumulates 30 per cent or more of the Reits. 35, while units of SPH Reit ended 0. 596 of a Keppel Reit unit and 0. The REIT is bound by a chain offer, resulting from its sponsor’s ongoing. 15. 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. SPH REIT published this content on 09 June 2022 and is solely responsible for the information contained therein. News. 2 million a year ago. 782 SPH REIT units per share. Based on its Q3 FY17 report, it has total liabilities of S$922m and total assets of S$3. 5m sqft across a three-storey. . Live Company UEN: 198402868E 79 ROBINSON ROAD Phone: +65-63196319, +65-63191050 Fomerly known as: SINGAPORE PRESS HOLDINGS PRIVATE LIMITED • SINGAPORE PRESS. . If you had been. of the share. 1% to SG$157. SGD 0. 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. 5m) from a fund (Australian Prime Property Fund – Retail) which is managed by Lendlease Real Estate. More On This Topic. 9% less than the total consideration. 782 SPH REIT units for every SPH share held. 6 cents. 9m SPH shares, valued at S$10m), as well as SPH’s. As a unitholder, I have gone through the presentation slides and in this post, you will find a summary, along with my thoughts (on. Disclaimer. 10%) and increased value of Keppel REIT and SPH REIT. Contrast this with Parkway Life REIT (SGX: C2PU. As at 6 pm on Wednesday, offeror Cuscaden Peak had received valid acceptances of its chain offer in respect of approximately 4. My Stocks. 596 Keppel REIT units and 0. SGD 0 0 / 0 % Share Price as of: -Market / ISIN Code: SGX Mainboard / SG2G02994595. SPH REIT (SGX:SK6U)'s 12-month FY22 DPU of S$0. Actual future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of. It divides the Forward Annualized Dividend by FY1 EPS. The Rail Mall, acquired by then SPH REIT on 28 June 2018, is located along Upper Bukit Timah Road. 02. SPH REIT Units (via DIS) S$0. 8 million changing hands. LTD. 0%. SPH had in August received a privatisation offer from Keppel at S$2. 3) 0. The offer price translates to a valuation of S$0. 1% of SPH REIT units will be transferred to Cuscaden Peak, against settlement by Cuscaden Peak of the all cash consideration payable in the acquisition of. More On This Topic Keppel's privatisation offer for SPH viewed positively. CGS-CIMB Adjusts Paragon REIT's Price Target to SG$1. 6. Indeed, the consortium subsequently announced the chain offer of SPH REIT at $0. As part of the renewal process of the Board, Mr. 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. SPH REIT (SGX:SK6U) provided an update for the third quarter FY2019/20 ended 31 May 2020 yesterday evening. Ltd. General. S. Valuing Others – Associates, Joint Ventures (Property Development. This represents an annualised yield of 5. 28 Jan 2021. 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. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Its portfolio comprises leasehold. 782 SPH Reit units valued at 79. Payout Ratio (FWD) Fwd Payout Ratio is used to examine if a company’s earnings can support the current dividend payment amount. SPH REIT (SGX:SK6U)’s 1H22 ending Feb 2022 (FY22) gross revenue grew 1. , 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. 596 Keppel Reit unit and 0. , 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”). 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. More On This Topic SPH seeks to buy back outstanding $500m of 3. 2% for the last year. 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. 05 in profit. Follow us on Facebook and join our Telegram channel for the latest updates. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. Chua Hwee Song resigns as SPH CFO and from SPH Reit board. SPH REIT is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. The Manager’s key objective for SPH REIT is to provide Unitholders with regular and stable. To capitalize SPH Media with initial resources, SPH will provide a one-time injection of funds to it (akin to a “divorce fee”). SPH REIT : Proposed Scheme Of Arrangement Involving Singapore Press Holdings Limited (Dealing Disclosure) -January 27, 2022 at 09:26 pm EST |. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. 715) and 0. 12-month FY22 revenue grew 1. 596 units) and SPH REIT (0. 2 per cent of shareholder votes signalled their approval for the acquisition of SPH, while 1. As of 29 February 2020, SPH REIT has a portfolio of 5 assets across Singapore and Australia. 668), Keppel REIT (0. 3m. S. Follow us on Facebook and join our Telegram channel for the latest updates. SPH REIT's inaugural distribution was 1. 8 per cent voted against it. Disclaimer. SPH REIT MANAGEMENT PTE. Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager 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. 3 Key Takeaways from me: Rival Offer is Definitely. SINGAPORE: SPH Media has entered into an agreement to acquire technology media company Tech in Asia (TIA). This is an increase of 10. 0141 in the same period last year. DPU at 2. 4m SPH REIT units, valued at S$20m and 6. 6m while NPI increased marginally by 0. The Board of Directors of SPH REIT Management Pte. 3. SPH REIT's Share Price trades at a compelling yield of 6. S. 33 last Friday, while SPH Reit ended 1 per cent up at $1. 64% of the total issued SPH REIT units. Other information is defined as all information in the annual report other than the financial statements and our auditors’ report thereon. Ltd. THE BUSINESS TIMES SPH Reit - Find SPH Reit News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. In addition to the distribution of SPH Reit shares to SPH shareholders amounting to S$1. 2 per cent of SPH Reit having completed its scheme to take SPH private. Securities Act of 1933,. 30pm Mapletree Logistics Trust (SGX:M44U) will be holding an EGM on Monday, 23 November 2020, at 2. The Reit has $1. . Invest at least 75% of total assets in real estate or cash. S$636. 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. This boost SPH REIT’s debt headroom should it needs to raise debt for. Offeror Cuscaden Peak had received valid acceptances of its chain offer in respect of. SI) stock quote, history, news and other vital information to help you with your stock trading and investing. 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. 782 SPH Reit share) offer is valued much lesser today. LTD. 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. 9 per cent higher at $2. Ltd. SK6U. Headquarters. PARAGON REIT Announces Distribution for the Period from 1 September 2022 to 31 December 2022, Payable on 28 March 2023. 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. The names. Welcome to PARAGON REIT Investor Relations. 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. 4% stake in SPH. 9%. 54%. 2m (-2% h-o-h), coming in at 98% of our full-year forecast. CUSCADEN Peak will offer to acquire SPH Reit : SK6U 0% at S$0. SPH REIT Management Pte. 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. Price vs Fair Value. 2. SINGAPORE - SPH Reit is planning to acquire The Rail Mall for $63. 97 dated December 1, 2022. CapitaLand Ascendas Reit was among the most actively traded by value, with 24 million units worth $67. SPH REIT Units (the “Relevant SPH REIT Units”) per Share (as defined below); and 1. Ltd. In all, this values SPH at $3. SPH REIT published this content on 07 June 2022 and is solely responsible for the information contained therein. 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. 0172 for Four Months to December 2022 Period. 36445, not much difference from the all cash offer of $2. SK6U fundamental analysis;SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 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. completed the acquisition of an additional 14. 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. SPH Real Estate Investment Trust (Reit) : SK6U -1. 72 cents per unit, which is the minimum offer price. Thus SPH’s cash and cash equivalent is $312 – $63 x 0. 782 SPH Reit unit. 4bn as at 1 April 2021. Paragon REIT Reports Unchanged DPU of SG$0. 48K subscribers. THE BUSINESS TIMES SPH Reit - Find SPH Reit News & Headlines, insight and analysis in Singapore, Asia-Pacific & global markets news at The Business Times. 9% below SPH REIT’s last traded price of 97. (“ 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”). Ltd. Market / ISIN. The Offering consists of (i) an. SPH REIT Commits To Provide Tenants'. SPH REIT published this content on 24 May 2022 and is solely responsible for the information contained therein. Under the proposed scheme, they will receive $2. Every investor in SPH REIT should be aware of the most powerful shareholder groups. is managed by SPH REIT Management Pte. , a wholly-owned subsidiary of Cuscaden Peak Investments Private Limited (formerly known as Singapore Press Holdings Private Limited). Distributed by Public, unedited and unaltered, on 17 June 2022 03:02:02 UTC. On a QoQ basis, SPH REIT performance is improving.