Shares & Derivatives
Paragon REIT Review @ 19 February 2023
By REIT-TIREMENT  •  February 19, 2023
Basic Profile & Key Statistics
  • Main Sector(s): Retail & Healthcare
  • Country(s) with Assets: Singapore & Australia
  • of Properties (exclude development/associate/fund): 5
Key Indicators Performance Highlight Gross revenue and NPI have improved yoy but distributable income declined yoy mainly due to higher finance costs. Distribution to unitholders and DPU remain similar yoy. Rental Reversion Rental reversion is at negative for both Singapore and Australia properties at -3.3% and -7% respectively. Tenant Sales & Monthly Footfall Tenant sales have recovered to above pre-COVID level for all the 4 malls above. For monthly footfall, Australian properties have recovered to pre-COVID levels, while Paragon has recovered to close to pre-COVID levels as well, however, there is still some gap for Clementi Mall. Distribution Breakdown
  • Distributable Income Breakdown:
    • 5% from Operation
    • 5% from Fees Payable/Paid in Units
  • Distribution = 98% of Distributable Income
  • Distribution to Perpetual Securities Holder = 7.7% of Distributable Income
Related Parties Shareholding
  • REIT Sponsor's Shareholding: Above median for more than 20%
  • REIT Manager's Shareholding: Above median for more than 20%
  • Directors of REIT Manager's Shareholding: Below median for more than 20%
...
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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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