Shares & Derivatives
SPH REIT Review @ 31 March 2021
By REIT-TIREMENT  •  March 31, 2021
Basic Profile & Key Statistics SPH REIT invests in retail properties in Singapore and Australia and currently owns 5 properties. Its flagship property - Paragon has healthcare exposure which leases to medical clinics. Performance Review Gross revenue and NPI increased YoY by 4.9% and 1.3% respectively while distributable income decreased by 1.5% YoY. DPU increased YoY by 45.2% due to partial retention released in 1H FY21 and retained distribution in FY20. From the above, there is an undistributed portion of which amounts to S$ 15.717 million (S$ 76.181 - S$ 67.764 + S$ 7.3), before retain for working capital use. Rental reversion is at +0.4% for Singapore assets. No information disclosed on Australia assets. Tenants sales for Clementi Mall, Westfield Marion and Figtree Grove have recovered to very close to pre-COVID times. Whereas for Paragon, its performance is affected by tourist arrivals. Related Parties Shareholding...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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