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PRESS RELEASE
8 October
Resilient portfolio benefits from recovering retail sentiments
- 12M FY2022 DPU at 5.52 cents, 2% increase year-on-year
- Net Property Income rose 3.5% yoy to S$209.7 million
- Maintains strong portfolio occupancy rate of 97.5%
SINGAPORE, 8 October 2022 ? SPH REIT Management Pte. Ltd. (?SPH RM? or the ?Manager?), the Manager of SPH REIT, today announced its financial results for the 12
months ended 31 August 2022 (?12M FY2022?).
On 29 July 2022, SPH REIT announced a change in financial year end from 31 August to 31 December. The revised FY 2022 will be a 16-month period from 1 September 2021 to 31 December 2022. Distribution for four months ending on 31 December 2022 is scheduled to be declared in February 2023.
In April 2022, the Covid-19 social distancing measures in Singapore were substantially lifted except for the requirement to wear masks at indoor venues. SPH REIT?s assets in Singapore benefited from the easing and saw improvements both in footfall and tenant sales. Meanwhile in Australia, similar movement restrictions were lifted earlier in December 2021.
Financial Performance
SPH REIT?s gross revenue increased 1.7% yoy to S$281.9 million and net property income (?NPI?) increased 3.5% yoy to S$209.7 million. SPH REIT declared a distribution per unit (?DPU?) of 1.39 cents for 4Q FY 2022. This distribution will be paid to unitholders on 25 November 2022.
Full year distribution ended 31 August 2022 DPU was 5.52 cents, an increase of 2.2% yoy....
https://links.sgx.com/1.0.0/corporate-announcements/R08XFV32KJJMJCTR/733793_SPH%20REIT%20Press%20Release%2012MFY22_Final.pdf
8 October
Resilient portfolio benefits from recovering retail sentiments
- 12M FY2022 DPU at 5.52 cents, 2% increase year-on-year
- Net Property Income rose 3.5% yoy to S$209.7 million
- Maintains strong portfolio occupancy rate of 97.5%
SINGAPORE, 8 October 2022 ? SPH REIT Management Pte. Ltd. (?SPH RM? or the ?Manager?), the Manager of SPH REIT, today announced its financial results for the 12
months ended 31 August 2022 (?12M FY2022?).
On 29 July 2022, SPH REIT announced a change in financial year end from 31 August to 31 December. The revised FY 2022 will be a 16-month period from 1 September 2021 to 31 December 2022. Distribution for four months ending on 31 December 2022 is scheduled to be declared in February 2023.
In April 2022, the Covid-19 social distancing measures in Singapore were substantially lifted except for the requirement to wear masks at indoor venues. SPH REIT?s assets in Singapore benefited from the easing and saw improvements both in footfall and tenant sales. Meanwhile in Australia, similar movement restrictions were lifted earlier in December 2021.
Financial Performance
SPH REIT?s gross revenue increased 1.7% yoy to S$281.9 million and net property income (?NPI?) increased 3.5% yoy to S$209.7 million. SPH REIT declared a distribution per unit (?DPU?) of 1.39 cents for 4Q FY 2022. This distribution will be paid to unitholders on 25 November 2022.
Full year distribution ended 31 August 2022 DPU was 5.52 cents, an increase of 2.2% yoy....
https://links.sgx.com/1.0.0/corporate-announcements/R08XFV32KJJMJCTR/733793_SPH%20REIT%20Press%20Release%2012MFY22_Final.pdf
Up to 0.945 suddenly... even though market bleeding.
coffee shops strongly believe that a corporate movement is happening soon.
please hor, coffee shop story, believe or not believe I don' t care.
coffee shops strongly believe that a corporate movement is happening soon.
please hor, coffee shop story, believe or not believe I don' t care.
Somewhat disappointing that they did not provide any updates on what the future entails now that the dust have settled on the transaction. Just a plain vanilla update on the operating stats with 3Q update.
SPH Reit posts 5.1% rise in Q3 DPU
SPH Reit : SK6U +2.26% posted a 5.1 per cent increase in distribution per unit to 1.45 Singapore cents for the third quarter ended May 31, 2022, from 1.38 Singapore cents a year ago. This gives it an annualised distribution yield of 5.8 per cent.
In its business update released on Jul 7, the real estate investment trust&rsquo s (Reit&rsquo s) manager noted that year-to-date third quarter gross revenue rose 0.9 per cent year-on-year to S$211.6 million.
It attributed this to high Covid-19 vaccination rates and the easing of safe distancing measures that helped to stabilise portfolio performance.
The distribution will be paid on Aug 29, after the record date on Jul 18.
The Reit manager added that year-to-date third quarter FY2022 sales at its properties in Singapore and Australia properties rose by approximately 12 per cent and 2 per cent year-on-year respectively.
SPH Reit&rsquo s occupancy rate stands at 97.6 per cent as at May 31. Meanwhile, its weighted average lease expiry (WALE) by net lettable area stood at 5.4 years and its WALE by gross rental income stood at 2.9 years.
Judging by today' s unit price performance, looks like there may be problems with the coming reporting. Or,..... price is beling ' pushed down' ,....
See what other following annt' s will be filed now,... Otherwise, if none, the coming qtr reporting will give a clearer picture of Cuscaden' s coming plans.
SINGAPORE (THE BUSINESS TIMES) - 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 night (June 30).
This will bring Cuscaden Peak and its concert parties' stake in the real estate investment trust (Reit) to 61.68 per cent, or about 1.73 billion units.
The offer had previously turned unconditional on June 1 after it received valid acceptances representing about 4.64 per cent of total issued SPH Reit units.
Cuscaden, a consortium comprising Hotel Properties, businessman Ong Beng Seng and Temasek-linked entities CLA and Mapletree, had in April 2022 offered to acquire SPH Reit at the minimum offer price of 93.72 cents per unit.
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 47.2 per cent of SPH Reit.
Units of SPH Reit were trading down 0.5 cent, or 0.5 per cent, to 93 cents at 10.42am on Friday, after the announcement.
This will bring Cuscaden Peak and its concert parties' stake in the real estate investment trust (Reit) to 61.68 per cent, or about 1.73 billion units.
The offer had previously turned unconditional on June 1 after it received valid acceptances representing about 4.64 per cent of total issued SPH Reit units.
Cuscaden, a consortium comprising Hotel Properties, businessman Ong Beng Seng and Temasek-linked entities CLA and Mapletree, had in April 2022 offered to acquire SPH Reit at the minimum offer price of 93.72 cents per unit.
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 47.2 per cent of SPH Reit.
Units of SPH Reit were trading down 0.5 cent, or 0.5 per cent, to 93 cents at 10.42am on Friday, after the announcement.
Announced at 11.15 pm (or dropped into my Inbox) = ONLY 61.68% is under Cuscaden' s control as of 5.30 pm TODAY. It' s YESTERDAY.
Hence, Cuscaden is not ' forced' to buyout all unitholders ! Since Cuscaden said earlier they have no intention to delist and to take SPHR private, SPHR will go on in a business-as-usual manner, IF Cuscaden keeps her words. If Cuscaden keeps her words, they will not put another offer on the table again. Unitholders will continue to own SPHR, and SPHR will prosper with Singapore' s re-opening.
Let' s see,....
Hence, Cuscaden is not ' forced' to buyout all unitholders ! Since Cuscaden said earlier they have no intention to delist and to take SPHR private, SPHR will go on in a business-as-usual manner, IF Cuscaden keeps her words. If Cuscaden keeps her words, they will not put another offer on the table again. Unitholders will continue to own SPHR, and SPHR will prosper with Singapore' s re-opening.
Let' s see,....
Will it remain listed? Anyone knows what is the current percentage under Cuscaden control?
coyote ( Date: 30-Jun-2022 13:16) Posted:
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Today is last day of of accepting the offer and share price is only kept up to 0.935 - 0.94. Seemed price is supported because of the offer.
After the offer lapse today, share price will drop below 0.937?
After the offer lapse today, share price will drop below 0.937?
Hit $0,95 convincingly, even though the market was on its knees, bleeding...
i m sure it will hit $1.00 by next month or earlier when the takeover offer expired....
Stay tuned for a marriage proposal.
i m sure it will hit $1.00 by next month or earlier when the takeover offer expired....
Stay tuned for a marriage proposal.
Today someone keeps attacking the 95 wall....
Theres some coffee shop story to it... I' ll tell some later because some uncles may be in the middle of it.
although the offer will expire at of the month, I think it is not likely to cross the 90% mark, so I suspect the horse trading already done....
Theres some coffee shop story to it... I' ll tell some later because some uncles may be in the middle of it.
although the offer will expire at of the month, I think it is not likely to cross the 90% mark, so I suspect the horse trading already done....
With due respect, if you want to be an expert in charts, MA Or SA or TA or whatever, at least get to know what are the basics in SGX rulings... in particular what the threshold of 30%, 50%, 90% means in a takeover setting... as well as a simple meaning in a whitewash resolution....
then you may get lesser headaches.. cheers
then you may get lesser headaches.. cheers
LongXia ( Date: 05-Jun-2022 17:06) Posted:
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LongXia Senior' s post 5Jun' 22 17:06 is accurate & correct. The consortium taking over Sph Reit is saying in Sgx that they will not be actively pursuing delisting unless
their holding crosses 90%. At the last that I read, it is only 51+%. I am not selling mine too until it perhaps crosses the $1 mark or where the yield is less than 5%. wyeo.
their holding crosses 90%. At the last that I read, it is only 51+%. I am not selling mine too until it perhaps crosses the $1 mark or where the yield is less than 5%. wyeo.
Mr Ong only now get 51% cannot force buy from you.So if from now till month end most SH don't selll can already ...
TA_Expert ( Date: 05-Jun-2022 17:40) Posted:
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Are you even given a choice?
It has become compulsory acqusition, i.e. whether you accept or not, the sale will still proceed.
This is a daylight robbery by the BBs. All the long term shareholders lose money.
This is a another classic case that Temasek companies kill minority shareholders.
It has become compulsory acqusition, i.e. whether you accept or not, the sale will still proceed.
This is a daylight robbery by the BBs. All the long term shareholders lose money.
This is a another classic case that Temasek companies kill minority shareholders.
This is the uncles views, which I conveyed some where......
I think I wrote somewhere, that you shouldn&rsquo t be accepting this ridiculous low ball offer... price will rebound big time once there dust is settled.... I am of the view, and I said so several times at various places, that the company will be transferred to the strongest bidder within the consortium either in whole or in parts. From the onset it has never been the intention of the consortium to delist the company , it so happened the terms of takeover of SPH was such that they have to make this chain takeover offer.
So conditional or unconditional, do not cave in. This is a at least a dollar stock. And many mouths with saliva dripping are waiting.....
Only buy up volume 100,200,1000 shares wayang wayang only .....extension date is also wayang ! shareholders won' t sell he also cannot do anything, beside increase the price..
LongXia ( Date: 24-May-2022 09:29) Posted:
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I' m not giving up my units too,... but,...
Was thinking : everytime a dividend is paid out, will the Offer Price keeps getting reduced ? Anywhere in the Offer Documents mentioning this ?
Secondly,... the Offeror can keep extending the Offer Price till they managed to accumulate a minimum of 90% ?
Was thinking : everytime a dividend is paid out, will the Offer Price keeps getting reduced ? Anywhere in the Offer Documents mentioning this ?
Secondly,... the Offeror can keep extending the Offer Price till they managed to accumulate a minimum of 90% ?
Thanks for all the advice and feedback. So I will hold and not sell to this stupid offer. However...key concern is after this exercise they may delist and play everyone out. :(...