Let’ see whether this Singapore REIT can continue to make steady gains.
Today, I’m looking at a Singapore retail REIT.
And this Singapore REIT happens to own a popular, high-end shopping mall in the Orchard Road belt.
In fact, this shopping mall is a mix of retail and healthcare tenants.
It has over 60 medical specialist clinics in their 14-storey office building.
Enter Paragon.
Paragon has a strong suite of high-end luxury tenants — Burberry, Prada, Ermenegildo Zegna and Ferragamo are some of them.
Paragon is the crown jewel of SPH REIT (SGX:SK6U).
Paragon contributes 56% of its total rent to SPH REIT.
Today, SPH REIT is a major Singapore retail landlord with a market capitalization of S$2.6 billion....