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Does anyone knows why Seletar Mall result was not recorded in this April 2016 report?
yes, agreed that it a quality stock..but looks like their DPU can' t rise even there are rental revision. at least their occupancy rate are full unlike other sector reits..
us9392 ( Date: 05-Apr-2016 01:08) Posted:
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Occupancy at Paragon 99.9 %, Clementi Mall 100 % , both with rental revision up. Given the current conditions , these results are graded A plus. The play here is also the future injection of one more mall
given the low gearing of 25 % and NAV 94 cents ( without shareholders being burdened ).
result flat again.
so if SPH reit not performing well, other reits DPU will not too..
Medical units are making their way to Paragon. Aesthetics for one. You are buying this reit
for a combo of retail and medical. ......Do your homework .
Just out sph reit 1Q DPU flare at 1.33 cos and navigation down from 0.95 to 0.94....retail sector not performing
For spore reits heslthcare still best sector..
Good dividend play in uncertain times with a decent dividend yield of 5.8%, a relatively low debt ratio of 26% consisting mostly of fixed rate borrowings with no need for refinancing til 2016 and a strong operating asset in Paragon.
http://www.investark.com/Analysis60sphreit3q15.html
SPH Reit posts 2.3% rise in DPU to 1.33 cents in Q1
By Lynette Khoo[email protected]@LynetteKhooBT
12 Jan7:56 PM
SPH Reit posted a 2.3 per cent increase in distribution per unit to 1.33 Singapore cents for the first quarter ended Nov 30, 2014, thanks to strong rental reversions and occupancies at its malls.
Gross revenue during the quarter improved 1.8 per cent from a year ago to S$50.6 million, while net property income grew 4.9 per cent to S$37.9 million.
According to the Reit manager SPH Reit Management, the improvements came on the back of higher rental income and proactive management of expenses in both Paragon and The Clementi Mall, which are both fully leased.
" Paragon continues to achieve consistently robust performance with rental uplift of 12.5 per cent for new or renewed leases in Q1 2015," the Reit manager said. " The Clementi Mall completed the first lease renewal cycle in 2014 with 84.2 per cent of lease expiring (by net lettable area) in 2017."
Units of SPH Reit were unchanged at S$1.04 at market close.
Alignment of interest between the Sponsor and Unitholders
✔ SPH to hold at least 70% stake in SPH REIT immediately
following the IPO
✔ ROFR (as defi ned herein) to acquire the Sponsor&rsquo s completed
income-producing real estate located in Asia Pacifi c which
is used primarily2 for retail purposes. Currently, there is one
applicable property being The Seletar Mall, a 283,854 sq ft GFA
suburban lifestyle mall slated for completion by December 2014
Yes, in my own opinion it will rise even further when seletar mall open by december this year. I' m staying nearby and its really the next big thing for resident nearby. Not forgetting there are so many BTO, EC and Condo completed within 2-3 years time.
MtFaber ( Date: 30-Jul-2014 17:59) Posted:
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The rise in the price of the reit is probably due to the upcoming Seletar Mall which will see a rise in rental yield.
they r in the midst of buyin spree...
MtFaber ( Date: 30-Jul-2014 17:31) Posted:
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So far SPH reit had already committed $13+$13.90+$13.50 = $40.40 (For 3 quarters). Assuming worse case DPU of $13 for the last qtr.
The total will be $53.40 which will yield 5.93% assuming IPO of 90c. If you buy at 1.06, then the yield will be 5.03%. Shoud be quite resonable.
On top of that those who bought at 90c already has a capital gain of $155 per lot if they sell now.
bbshares ( Date: 30-Jul-2014 17:12) Posted:
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the dividend yield is 3.3% a year ? i mean in their portfolio they only own Paragon and clementi mall.....
chunjing ( Date: 15-Jul-2014 08:29) Posted:
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Dividend coming again :)
SPH Reit Management Pte Ltd wishes to announce that it will release SPH REIT' s financial results for the third quarter/period ended 31 May 2014 on Friday, 11 July 2014.
Issued by SPH Reit Management Pte Ltd
27 June 2014
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.
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...
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
Distribution for quarter ending 30th Nov coming! Going into unchartered territory after IPO?