Shares & Derivatives
PARAGON REIT 2H2023 Financial Results
By My Sweet Retirement  •  February 8, 2024
On 5th February 2024, PARAGON REIT released their 2H2023 financial results. Distribution Per Unit (DPU) in 2H2023 fell 1.9% to 2.60 cents. The 2H2023 distribution of 2.60 cents is expected be paid on 22nd March 2024. With the announcement of the final Distribution Per Unit (DPU), PARAGON REIT’s full year Distribution Per Unit (DPU) for FY2023 is 5.02 cents. The manager of PARAGON REIT laments the dip in Distribution Per Unit (DPU) due to the impact by higher interest costs. PARAGON REIT has a portfolio of five assets in Singapore and Australia. In Singapore, the properties are Paragon, The Clementi Mall and The Rail Mall. In Australia, PARAGON REIT owns a 50% freehold interest in Westfield Marion Shopping Centre and 85% interest in Figtree Grove Shopping Centre. Let us take a look at its latest 2H2023 financial results below. PARAGON REIT 2H2023 Financial Results In 2H2023, PARAGON REIT’s Gross Revenue increased by 3.0% to S$145.8 million. Net Property Income (NPI) increased 3.3% to S$109 million....
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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