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PARAGONREIT
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SPH Reit
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Octavia
Supreme |
25-Mar-2014 09:43
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SPH Reit Management Pte Ltd wishes to announce that it will release SPH REIT's financial results for the second quarter/period ended 28 February 2014 on Tuesday, 8 April 2014. |
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guoyanyunyan
Supreme |
10-Jan-2014 10:35
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http://www.ocbcresearch.com/Article.aspx?type=research& id=20140110084858_35674 SPH REIT: Steady start to FY14 SPH REIT reported DPU of 1.86 S cents for the period from 24 Jul (listing date) to 30 Nov 2013. This is largely consistent with our projection of 1.84 S cents. The better performance was mainly attributable to higher rental rates at Paragon and stable income from Clementi Mall. In addition, both malls retained their 100% committed occupancy track record. SPH REIT?s keen eye for capital management has also enabled it to establish a well-staggered debt profile and long weighted average term to maturity of 4.8 years. Moreover, ~54.7% of its interest rate exposure has been fixed, which will alleviate any negative impact of rising rates to its DPU. We continue to like SPH REIT for its unique exposure to the upscale and suburban retail market and healthcare services sector. However, as the stock appears to be fairly priced relative to our fair value of S$0.99, we maintain our HOLD rating. ...last: $0.995... |
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Octavia
Supreme |
10-Jan-2014 09:13
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SPH REIT is pleased to announce that its income available for distribution to unitholders was $46.5m for the period from 24 July 2013 (listing date) to 30 November 2013. This translates to a distribution per unit of 1.86 cents, an increase of 2.2% against IPO forecast. The first distribution will be paid to unitholders on 14 February 2014 | ||
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MtFaber
Senior |
26-Nov-2013 16:56
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Distribution for quarter ending 30th Nov coming! Going into unchartered territory after IPO? | ||
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luminol
Senior |
16-Sep-2013 17:08
Yells: "Correlation does not imply causation." |
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" SPH REIT?s First Distribution after the Listing Date will be for the period from the Listing Date to 30 November 2013 and will be paid by the Manager on or before 27 February 2014."
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MtFaber
Senior |
16-Sep-2013 14:50
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The selling pressure seemed to have died down meaning those IPO already taken profit. Chart looks good with double bottom. Only minus point is the relatively low volume. May trend up if interest comes back. Any one knows when SPHReit will distribute the first DPU payout? | ||
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NoMoney
Master |
27-Aug-2013 12:48
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vested but at high price =(. hope this will be like suntec reit some day | ||
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Octavia
Supreme |
27-Aug-2013 09:35
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Credit Suisse initiating coverage on SPH REIT with a NEUTRAL Call and $1.05 TP. Supportive sector fundamentals should continue to underpin rental growth, with healthy income growth (low unemployment) as well as a manageable supply outlook. Two Orchard Road malls, completing this year, are already 80-100% pre-leased Clementi Mall is supported by a strong catchment and good transport links. Further, growth is likely to be driven by acquisitions. SPH REIT has ROFR for SPH's (sponsor) Asia Pacific retail-focused assets. The Seletar Mall may be in SPH REIT's future pipeline. SPH REIT has the lowest gearing among SG-dominant retail REITs, at 27%, implying S$1 bn debt headroom assuming 45% gearing. SPH REIT trades on 5.5% FY14 yield (5.3% ex. income support). | ||
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