Paragon REIT
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. PARAGON REIT has a portfolio of five assets in Singapore and Australia.
See below for the Latest Paragon REIT News, Analysis, Profit Results, Share Price Information, and Commentary.
Paragon REIT finalises sale of Figtree Grove Shopping Centre
Paragon REIT finalises sale of Figtree Grove Shopping Centre
A deposit of approximately A$9.6m has already been paid by the purchaser.
Paragon REIT divests 85% stake in Australian Mall for $168.3m
The divestment reflects a 5% premium over the independent valuation of $160.3m.
Paragon REIT’s gross revenue climbs 3% despite tenant sales dip
Tenant sales in Singapore fell 3% YoY.
Paragon REIT divests The Rail Mall for $78.5m
Proceeds will be used to reduce the property's outstanding debts.
Paragon REIT revenue soars 30% in H1 2024
Revenue for the period was $147.4m.
Paragon REIT declines acquisition offer for The Seletar Mall
The REIT cited the potential dilution of DPU as a factor that led to the decision.
Paragon REIT’s net property income rises 1.7% YoY to $215.1m in FY23
Despite higher income, the REIT declared a 9% YoY lower DPU.
Paragon REIT NPI up 0.1% YoY to $106.1m in H1
However, its DPU declined by 15.7% to 2.4 cents.
Paragon REIT NPI up 3.3% YoY to $279.9m
It was supported by the recovery of the retail industry.
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Commentary
Adapting to changing consumer needs in an evolving property market