SPH REIT (SGX: SK6U) owns two shopping malls in Singapore with a total net lettable area of around 900 thousand square feet that are worth $3.23 billion. As its name suggests, its sponsor is none other than Singapore Press HoldingsLimited (SGX:T39). Being a relatively new REIT, it was spun-off from SPH to hold SPH’s real estate assets in July 2013. While its parent, SPH, is facing a bleak business outlook, SPH REIT has actually performed rather consistently over past few years.
Here are 7 things to know about SPH REIT before deciding whether to invest in it.
Ticker Symbol: SK6U
Market Capitalisation: S$2.56n
Sector: Real Estate Investment Trust
SPH REIT’s Assets
SPH REIT comprises 2 commercial properties: Paragon in Orchard Road and Clementi Mall located in Clementi.
Paragon Mall is an upscale retail mall with 711,339 sq ft of Net Lettable Area (NLA). …