SPH REIT

SINGAPORE (Jan 13): Analysts are keeping their positive stance on SPH REIT following the REIT’s 1Q20 results announcement on Jan 10.

SINGAPORE (Nov 21): The manager of SPH REIT has announced the launch of a private placement to raise gross proceeds of no less than $161.5 million to partially fund its proposed acquisition of a 50.0% stake in Westfield Marion Shopping Centre in South Aus

SINGAPORE (Nov 7): SPH REIT is acquiring a 50.0% stake in Westfield Marion Shopping Centre in Adelaide, Australia, for a consideration of A$670.0 million ($636.5 million). 

SINGAPORE (Oct 14): SPH REIT saw its earnings for the FY19 ended August boosted by its two acquisitions in FY18 – The Rail Mall and Figtree Grove Shopping Centre. But analysts say this might not be enough for the REIT to earn a re-rating.

SINGAPORE (Oct 10): The manager of SPH REIT has declared distribution per unit (DPU) of 1.46 cents for the 4Q19 ended August, some 2.1% higher than DPU of 1.43 cents a year ago.

SINGAPORE (July 11): The manager of SPH REIT has declared a 3Q19 distribution per unit (DPU) of 1.39 cents, up 1.5% from 3Q18.

SINGAPORE (May 6): On April 22, Singapore Press Holdings announced it had entered into an agreement to sell its stake in the retail podium and four office strata units (Chinatown Point mall) at the Chinatown Point integrated development in Singapore’s C

SINGAPORE (Apr 8): Maybank Kim Eng is reiterating its “hold” call on SPH REIT with an unchanged target price of $1.05 on expectations of limited retail sales growth.

SINGAPORE (Jan 7): OCBC Investment Research and Maybank Kim Eng are maintaining their “hold” calls on SPH REIT with an unchanged fair value estimate and price target of 99 cents and $1.02, respectively.

SINGAPORE (Dec 19): Maybank Kim Eng Research is keeping its “hold” call on SPH REIT with a marginally higher target price of $1.02, raised from $1.00 previously, even as the REIT makes its first overseas foray.