SPH REIT (SGX:SK6U)’s FY21 (Sep 2020 to Aug 2021) revenue rose by 14. 70851. She is also a member of the NUS Law Advisory Council and Temasek Junior Collegewith Cuscaden Peak Pte. 2m (-2% h-o-h), coming in at 98% of our full-year forecast. More On This Topic Keppel's privatisation offer for SPH viewed positively. 9%, reiterating tenants’ confidence in SPH REIT’s strategic assets. 9m (+1. All Island Equity REIT. About the company. 9372 per unit for all units of SPH REIT. SPH REIT is trading at ~6% DPU yield, below its 5-year mean of 5. SPH Reit's portfolio now includes a shopping centre in Adelaide, Australia, in which the Reit holds a 50 per cent stake. 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. 72 cents per unit, the minimum offer price for SPH Reit. 2 million. 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 REIT is not owned by hedge funds. 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. 9 years by NLA/gross rental income. The goal is to seek premium price because of differentiation and uniqueness of the offerings. SPH REIT’s growth momentum continued into 4Q19, both organically and inorganically. Sector / Industry / Sub-Industry: Real Estate / Equity Real Estate Investment Trusts (REITs) / Retail REITs. 4m SPH REIT units, valued at S$20m and 6. SPH REIT invests in retail properties in Asia-Pacific. Offeror Cuscaden Peak had received valid acceptances of its chain offer in respect of. This Offer is known as a Chain Offer, triggered by Cuscaden's acquisition of SPH has been completed. Find out all the key statistics for Paragon REIT (SK6U. Follow us on Facebook and join our Telegram channel for the latest updates. 596 Keppel REIT units valued at S$0. Distributed by Public, unedited and unaltered, on 24 June 2022 02:45:00 UTC. SPH REIT published this content on 13 June 2022 and is solely responsible for the information contained therein. 1) Cash of S$0. LTD. FTSE ST Real Estate Investment Trusts (FTSE ST REIT Index) decreased from 748. SI) stock quote, history, news and other vital information to help you with your stock trading and investing. The information behind this electronic gatepost is only being made available to residents of Singapore. When SPH REIT announced its FY19 full year results, I mentioned that the debt gearing currently stood at 27. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Managed by SPH REIT Management, its current portfolio comprises two properties in Singapore: Paragon, a premier upscale retail mall and medical suite/office property in the heart of Singapore’s famous shopping belt, Orchard Road, and The Clementi Mall, a mid-market suburban. 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. Disclaimer. The REIT justified its action based on challenging conditions in both their Singapore and Australian malls. SPH REIT Announces Change of Financial Year End from 31 August to 31 December 2022: CI SPH REIT Secures Term Loan Facility of SGD 975 Million 2022: CI Singapore Shares End Week Slightly Higher; SPH REIT Shares Climbed 3% as Fiscal Q3 DPU Rises Over 5%However, the cumulative value of Keppel REIT and SPH REIT units has gone up by S$0. SPH's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Dividend. 07 Aug 2023. SINGAPORE, 13 February 2022 – PARAGON REIT Management Pte. 668 per share, 0. 3. Ltd. Distributed by Public , unedited and unaltered, on 16 February 2022 03:03:05 UTC . Distributed by Public, unedited and unaltered, on 20 June 2022 03:43:09 UTC. 8 cents per share, 0. It divides the Forward Annualized Dividend by FY1 EPS. Unitholders whose securities accounts with The Central Depository (Pte) Limited are credited with Units as at the Record Date will be entitled to the Distribution to. SPH REIT - SG2G02994595 - SK6U. It is also 2. SGD 0. 9% below SPH REIT’s last traded price of 97. 40 a share now superior to Keppel's: SPH. 28 Jan 2021. 40 per share comprising $1. My Stocks. SPH REIT's stands as one of the key beneficiaries of Singapore’s reopening with the largest exposure to Orchard retail, with Paragon mall anchoring 65% of its portfolio (by asset valuation). SPH Reit to be renamed Paragon Reit from Jan 3 Link Reit plans $3. The name change will take effect from Jan 3, 2023, onwards. 36 per share or S$1. SPH REIT, in my opinion, is a decently-run REIT that has demonstrated a good track record of NPI and DPU growth. CI. Distributed by Public , unedited and unaltered, on 27 December 2021 02:56:04 UTC . Its portfolio of Singapore properties comprises Paragon, The Clementi Mall and The Rail Mall, with an aggregate net lettable area of about. It operates through the following segments. 9640 per unit on 29 April 2022. 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. SPH REIT Commits To Provide Tenants'. Securities Fixed Income Derivatives Indices Data & Connectivity Sustainable Finance Regulation. 8 million in the fiscal year ended July 31 from SG$92. What is the dividend yield of SPH REIT? SPH REIT - SK6U has a dividend yield of 5. Cuscaden Peak Pte. SGD 0 0 / 0 % Share Price as of: -Market / ISIN Code: SGX Mainboard / SG2G02994595. Financial Statements And Related Announcement - Half Yearly Results. 596 Keppel REIT units and 0. 66% for 1H FY2022 with a weighted average term to maturity of 2. 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. 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. 74 pence. 94 pence (3. Find the latest Paragon REIT (SK6U. (“ 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”). SPH REIT published this content on 07 June 2022 and is solely responsible for the information contained therein. Ltd. 4K links. 64% fromthe prior estimate of 0. 3 Key Takeaways from me: Rival Offer is Definitely. Login with Google. 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. P. 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. In particular, the units of PARAGON REIT have not been and will not be registered under the U. 782 of an SPH Reit unit through a distribution-in-specie by SPH. Ltd. As a new major unitholder of SPH REIT, Cuscaden has to g. BM4wkoB-e9p9PBi601taz5eSNkoDxC5wycV2xgrtyiM. SPH REIT renames to Paragon REIT from January 3rd, 2023. Of course if they do, the new consortium has the right to improve their offer as well. 1% on a forward basis and below. 9 per cent. 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. Money & Me: First Reit, CapitaLand, Daiwa, Digital Core Reit and the best of the S-Reit pivots (December 2021) Money and Me: VTL’s and hospitality and retail, a new Reit ETF and Making sense of offers for SPH (November 2021)SPH REIT - Units (SPHEF) Dividend Data Stock Data Avg Price Recovery N/A. Ltd. 964 per unit by the amount of any distribution or return of capital. 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 REIT Units (the “Relevant SPH REIT Units”) per Share (as defined below); and 1. 90 per unit on 30 December 2022 (31 August 2021: S$0. Disclosure Of Interest/ Changes In Interest Of Trustee-Manager/ Responsible Person - Disclosure Of Interest/Changes In Interest Of The Manager Of SPH REIT. The part cash part share offer dated 15 Nov 2021 is based on the SPH Reit price of $1. The Reit will be led by its sponsor, Cuscaden Peak Investments, a consortium of tycoons and investors. Security. 06:08 Outlook for Reits. Stock analysis for PARAGON REIT (SPHREIT:SP) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Search for stock quotes, share prices, market data and trading information of all equity securities traded on Singapore Exchange. 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. 48K subscribers. SPHR has been listed on the Singapore Stock Exchange (“SGX”) since 24 July 2013 and has a market capitalization of SGD2. 8 per cent voted against it. 9%, reiterating tenants' confidence in SPH REIT's strategic assets. Units of SPH Reit closed down two cents, or 2. Paragon REIT Reports Earnings Results for the Four Months Ended December 31, 2022. 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. 4 cents per SPH Reit. Disclaimer. 8 cents per SPH share plus 0. 7% y-o-y on. 2 per cent of SPH Reit. 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. SPH REIT announced the acquisition of a 50% stake in Westfield Marion along Diagonal Road, Adelaide for A$670m (c. 782 SPH REIT units per share. 2 per cent of SPH Reit. Disclaimer. 2%, announces divestment of five assets. S$636. 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. 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. 0%. SPH REIT’s 3rd Quarter Update for FY2019/20 – A Summary and My Thoughts – The Singaporean Investor. 798(1) Being the value of 0. 72 cents per unit, which is the minimum offer price required after adjusting for. 9372 per unit for all units of SPH REIT. 6m while NPI increased marginally by 0. 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. On a QoQ basis, SPH REIT performance is improving. THE chain offer for SPH Reit has closed with valid acceptances in respect of 402. Note Includes only corporate actions with Ex-Date within upcoming 3 months. Summary. A look at the shareholders of SPH REIT ( SGX:SK6U ) can. Prior to 1 December 2021, SPH was in the media business as well with a reach in the print, digital, radio, and outdoor media. Valuing Others – Associates, Joint Ventures (Property Development. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. Under the offer, SPH shareholders will receive a total consideration of $2. YqNexrI5Aa0WBVPygGIdrNajfWdAi30fregf8Fnbknxph2_brQpPnRNlew. SPH REIT has obtained the approval of its trustee to change its name to Paragon REIT. According to the REIT manager, the new name is “synonymous with quality and excellence”. . 668 per share. of the share. sg. 3449 only. FY2021 refers to the period 1 September 2020 to 31 August 2021. Cuscaden Peak says it reserves the right to adjust SPH REIT's chain offer price for DPU paid in Feb and May. The counter rose 1. According to present data SPH REIT's SK6U shares and potentially its market environment have been in bearish cycle last 12. Issued by SPH REIT Management Pte. Last Funding Type Post-IPO Equity. Distributed by Public, unedited and unaltered, on 17 June 2022 03:02:02 UTC. 715) and 0. 6 cents. S. Securities Act"), and may not be offered or sold in the United States absent registration or an exemption. In particular, the units of PARAGON REIT have not been and will not be registered under the U. Companies & Markets News -SINGAPORE (THE BUSINESS TIMES) - The impact of the pandemic hit SPH Reit in the second half with distribution per unit (DPU) well down. SPH REIT : Proposed Scheme Of Arrangement Involving Singapore Press Holdings Limited (Dealing Disclosure) -January 27, 2022 at 09:26 pm EST |. 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. 12-month FY22 revenue grew 1. Ltd. 01% of the Units. If that happens, Cuscaden will make a takeover offer at 96. The names. SI stock on Yahoo Finance. (v) TPPL is a subsidiary of SPH. Disclaimer. Contact Us. Read more at The Business Times. 38 cents. SK6U fundamental analysis;SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 41 to 734. Prior to that, shares of SPH closed flat at $2. LTD. Paragon REIT is a real estate investment trust (REIT) in Singapore and Asia Pacific, with a portfolio of income-producing retail properties. Operating Status Active. Prior to that, shares of SPH closed flat at $2. 5m sqft across a three-storey. Loading more data. 099 per share. 4%). 1 file. 8% y-o-y to S$277. Apps. Change Of Name Of SPH REIT And The Manager. Feb. Distributed by Public , unedited and unaltered, on 21 December 2021 03:39:03 UTC . Our data shows SPH REIT has a return on equity of 5. 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. In this post, you will find a summary (which I've compiled) of the CEO's presentation, questions which fellow attendees have raised during the meeting and responses provided by the management, along with results of 12. Download Telegram About. It is well served by the Hillview MRT station about 250 metres away and a network of public bus services. Paragon REIT announced dividend of taxable income distribution of 2. 056 by FY2019, up 3. 3 per cent to 90. The information behind this electronic gatepost is only being made available to residents of Singapore. 0543 and has increased to just S$0. Chain offer price for SPH REIT. For context, the second largest shareholder holds about 26% of. Cuscaden Peak Pte. 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. 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. 58 Singapore cents for the fourth quarter ended August. 668 per share, 0. 1. SPH acquires portfolio of five high quality senior independent living properties in Hokkaido, Nara and Tokyo. Episodes feature views and insights from property analysts. 4% stake in SPH. MT. SPH REIT maintained its strong portfolio occupancy rate of 97. 14. Date Of Release Of 2020 Second Quarter Results. Price vs Fair Value. 0172 for Four Months to December 2022 Period. Goola Warden Thu, Apr 14, 2022 • 08:31 PM GMT+08 • 1 min read. 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. For context, the second largest shareholder holds about 26% of. Download Telegram About. About 1. Disclaimer. The group’s newspaper ad revenue YoY decline has increased from 12. 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%INTRODUCTION TO 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 in Asia-Pacific, as well as real estate-related assets. Overall, the 12% increase is a combination of cash portion increase (c. In their report dated Jan 7, Eing and Lock like that the. SPH REIT MANAGEMENT PTE. Welcome to PARAGON REIT Investor Relations We are committed to providing timely, high quality information to investors interested in key performance ratios, financial news or. 782 SPH REIT units valued at S$0. SPH REIT will be part of the sponsor privatisation offer by Keppel Corporation(SGX:BN4). SPH Reit closed on Oct 7 up 1. $0. A physician or nurse practitioner. 92 per share for SPH REIT and forms a share price cap for the REIT in our view. 52K subscribers. 14. 3 million. The Manager's key objective for SPH REIT is to provide Unitholders with regular and stable distributions, and sustainable long. Therefore, the current financial year will be a 16-month period from 1 September 2021 to 31 December 2022. SPH REIT published this content on 25 April 2022 and is solely responsible for the information contained therein. It owns three retail assets in Singapore, with Paragon Mall. "Keppel will hold a remaining stake in SPH REIT and Keppel REIT of. 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. 30 cents was based on income available for distribution for the comparative quarter from 1 September 2013 to 30 November 2013. 1. This offer comprises cash of $0. 02% (or 515,800) of the votes against. Net asset value per unit as at 31 August 2022 remained stable at. 820. Follow us on Facebook and join our Telegram channel for the latest updates. 2% y-o-y. SPH shareholders will receive cash of S$0. Announcement Title. SPH REIT maintained its strong portfolio occupancy rate of 97. Felicia Tan Fri, Apr 29, 2022 • 08:19 AM GMT+08 • 2 min read. SINGAPORE PRESS HLDGS LTD ( SGX:T39) SINGAPORE PRESS HLDGS LTD (SGX:T39) has been delisted with effect from 2022-05-13. What this means is that SPH, which owns about 65% of SPH REIT, will transfer. 782 SPH Reit share) offer is valued much lesser today. View daily, weekly or monthly formats back to when Paragon REIT stock was issued. But substantially below the 52-week high of $1. Mandatory Cash Dividend/ Distribution. 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. CUSCADEN Peak will offer to acquire SPH Reit : SK6U 0% at S$0. 40 per share comprising $1. Back Dec 29, 2022. May 29, 2022. TAGS. More On This Topic Keppel's privatisation offer for SPH viewed positively. Consequently, portfolioDisclaimer. Other information is defined as all information in the annual report other than the financial statements and our auditors’ report thereon. 6 years. Feb. 782 SPH REIT units for every SPH share held. SPH REIT (SGX:SK6U) has changed the issuer name / code to PARAGON REIT (SGX:SK6U) with effect from 2023-01-03. 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. The Reit acquired Phipps Tower from its sponsor in 2018 for US$205 million (S$276 million). Build Retirement Portfolio with S-REIT. sg. As a new major unitholder of SPH REIT, Cuscaden has to g. 602 cash and 0. . Read more at The Business Times. 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. 602 in cash and 0. 4 million), the real estate investment trust (Reit) said on Thursday. The higher topline results were due to full year. 0124 for its 2QFY21 (ended 28 Feb), representing an increase of 3. Improved performance in 1H FY2022 reflecting SPH REIT's resilient portfolio of assets. Take a look at five REITs with recent insider buying that could be a tip-off that better times are ahead. As at end-August, its proportion of fixed debt was 71 per cent, with an average cost of debt of 1. As at Aug 31, SPH REIT’s portfolio is valued at $3,338. If we remove this S$ 7. 7% y-o-y). 4 Effective Date. 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. Ltd. This represents an annualised yield of 5. SPH REIT is not owned by hedge funds. SPH REIT has. 07 / share. Morningstar Rating. 4% in FY18 to 13. 782 SPH REIT units (worth $2. The recent restriction easing and border opening should improve SPH REIT's performance moving forward. 3 billion rights offering to expand war chest Join ST's Telegram channel and get the latest breaking news delivered to you. The Reit has $1. Contrast this with Parkway Life REIT (SGX: C2PU. The Cuscaden Peak offer comes in two options: $1. 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. 5 cent, or 0. 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. The offer to existing SPH shareholders is in the form of cash, SPH REIT, and Keppel REIT. The average one-year price target for SPH REIT (SGX:SK6U) has been revised to 1. 3% y-o-y. On 8th October 2022, SPH REIT announced its FY2022 results for the 12 months ended 31 August 2022. › Equity REITs › Mortgage REITs › Industrial REITsOn the possible chain offer price for SPH REIT: Unlike the Keppel Scheme, depending on the final proportion of SPH shareholders that elect between the two options, the completion of the scheme may result in Cuscaden incurring an obligation to undertake a chain offer for all the units in SPH REIT. 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. SPH REIT's inaugural distribution was 1. Legal Name SPH REIT Management Pte Ltd. The company is based in Singapore. 77 per cent. Summary. Announcement Details. 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. , a wholly-owned subsidiary of Singapore Press Holdings Limited. IT HAS been just over 8 months since Cuscaden Peak submitted a proposal to the board of directors of Singapore Press Holdings. News. . 3 = $293 mil. 0% stake in Westfield Marion Shopping Centre) reported its second quarter results for the financial. 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). 995 %. ) 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 Company invests in a portfolio of income-producing real estate primarily for retail purposes in Asia- Pacific, as well as real estate-related assets. Payout Ratio (FWD) Fwd Payout Ratio is used to examine if a company’s earnings can support the current dividend payment amount. 1 per cent at 89 cents. Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. The Cuscaden Scheme has become effective and binding in accordance with its terms today, 29 April 2022 (the "Effective Date"). Switch to all cash, and increase the price above $2. 782 SPH Reit unit. Platform. Its portfolio comprises leasehold. 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. 7K views 03:24. Join. 9%, reiterating tenants' confidence in SPH REIT's strategic assets. Since its takeover by Cuscaden Peak in 2022, it has been renamed Cuscaden Peak Investments . Share Price as of: -. Jul 01, 2022 11:47 AM. Note that in this quarter, SPH REIT distributes 0. DPU for the fiscal year 2014 (FY2014) was S$0. -0. . Ltd. SPH REIT. 351 comprises 86. 4% q-o-q but down 24. 3. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. 40 per. 5%, a reflection of its proactive leasing efforts to renew or sign leases in advance mitigating vacancies. Ltd. Singapore Press Holdings officially delisted, Gerald Yong to take over as CEO from Ng Yat Chung. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). The offer is made for all the units in SPH REIT, other than those already owned, controlled or agreed to be acquired by Cuscaden Peak and parties acting in concert with the offeror. #1. Search for stock quotes, share prices, market data and trading information of all equity securities traded on Singapore Exchange. 40 per share, comprising $1. 782) + Cash ($1. 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. 36 per SPH share, or an alternative of $2. for the period from 1 January 2023 to 30 June 2023. This is an increase of 10. It is relatively lower than other retail REITs with gearing ratio typically above 30%. SPH REIT published this content on 17 June 2022 and is solely responsible for the information contained therein. 2 per cent, at 89 cents on Wednesday. com. 602 cash per share plus 0. On 29th April 2022, SPH REIT announced that Cuscaden Peak Pte Ltd will make a Chain Offer of S$0. With effect from 3 January 2023, SPH REIT has officially been renamed PARAGON REIT; for more information, please refer to the following announcement.