On 7th August 2023, Paragon REIT announced their 1HFY2023 Financial Results. Paragon REIT was formerly known as “SPH REIT”. For those familiar with SPH REIT, you may have followed the chain offer saga which resulted in today’s Paragon REIT. Today, Paragon REIT has a portfolio of five assets in Singapore and Australia. How has Paragon REIT performed in 1H FY2023? Was Paragon REIT able to provide Unitholders with regular and stable distributions, and sustainable long-term growth in DPU and NAV per Unit as per how it promised Unitholders? Let us take a look at Paragon REIT’s financial results below.

Paragon REIT 1HFY2023 Financial Results

Paragon REIT’s gross revenue rose 0.6% to S$143.1 million in 1H FY2023 as compared to 1H CY2022. Net Property Income (“NPI”) also grew 0.1% year-on-year to S$106.1 million for the same period. Distribution per unit (“DPU”) for 1H FY2023...