SPH Reit

Cuscaden Peak to put The Clementi Mall up for sale at around S$750 million

The price tag is around 15% higher than its latest valuation of S$645 million

The Paragon, Paragon Reit's flagship asset in Singapore. The Reit's capitalisation rates for its Singapore assets remain unchanged in FY2023.

Paragon Reit posts 1.9% lower H2 DPU of S$0.026

PARAGON Real Estate Investment Trust’s (Reit) distribution per unit (DPU) for the second half ended December 2023 was down 1.9 per cent on the year to S$0.026 from S$0.0265 previously.

The Reit’s manager says the fall in DPU was due primarily to higher finance costs amid the current high interest rate environment.

Paragon Reit H1 2023 DPU falls 15.7% to S$0.0242

PARAGON Reit posted a 15.7 per cent decrease in distribution per unit (DPU) to S$0.0242 for the first half of its 2023 financial year ended Jun 30, from S$0.0287 in the same period last year. 

The distribution per unit of 1.72 Singapore cents represents an annualised yield of 5.7 per cent, says Paragon Reit.

Paragon Reit posts DPU of S$0.0172 in latest 4-month period

PARAGON Real Estate Investment Trust (Reit), previously known as SPH Reit, declared a distribution per unit (DPU) of 1.72 Singapore cents for the four months ended Dec 31, 2022, unchanged from a year ...

SPH Reit's portfolio includes its anchor asset, Paragon, along with The Clementi Mall and The Rail Mall. It has two more such facilities in Australia.

SPH Reit will rename as Paragon Reit from January 2023

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...

A view of SPH REIT's Paragon retail mall at Orchard Road.

Chain offer expected as Cuscaden and concert parties to own 47% of SPH Reit units

CUSCADEN Peak and its concert parties behind the takeover of Singapore Press Holdings (SPH) are expected to make a chain offer for SPH Reit.

SPH Reit, which owns the Paragon retail mall at Orchard Road, last traded at S$0.975.

Cuscaden offers S$0.9372 per SPH Reit unit, 3.9% below last traded price

Cuscaden Peak will offer to acquire SPH Reit at S$0.9372 per unit, which is the minimum offer price required after adjusting for recent SPH Reit distributions.

Clementi Mall is part of the portfolio of SPH Reit, which was the subject of a recent chain offer by Cuscaden Peak.

Cuscaden Peak should focus on growing SPH’s retail and student housing Reits

IT HAS been just over 8 months since Cuscaden Peak submitted a proposal to the board of directors of Singapore Press Holdings (SPH) to acquire all the shares of SPH.  

The offer brings Cuscaden Peak and its concert parties’ stake in the real estate investment trust to about 1.73 billion units. 

SPH Reit offer closes; Cuscaden to own 61.7% 

THE chain offer for SPH Reit has closed with valid acceptances in respect of 402.9 million units, representing about 14.36 per cent of total issued units, according to a bourse filing on Thursday (Jun...

Chua Hwee Song was the chief financial officer of SPH, which has since been delisted.

Chua Hwee Song resigns from SPH Reit’s board

SPH Reit on Wednesday (Jul 6) announced that SPH chief financial officer Chua Hwee Song will resign from SPH, the real estate investment trust’s (Reit) sponsor on Friday.