报业控股房地产投资信托可派发收入比预测高
报业控股房地产投资信托（SPH REIT）首次在上市后发布业绩，信托从去年7月24日上市至11月底的可派发收入达4653万元，相当于每单位可派发收入（DPU）1.86分，比首次公开售股时的预测高出0.04分或2.2％。
该信托的两个资产——百利宫（Paragon）与金文泰广场（Clementi Mall）都已全面租出。其中，百利宫保持优异表现，在去年7月24日至11月底期内的续租及新租约的租金调升12.4％。
金文泰广场的租约情况也取得长足进展，大多数于2014年到期的租约都已续期或重新出租，超过90％租户（按净出租面积而计）也已承诺继续第二个租期。
报业控股房地产投资信托管理公司总裁练美英说：“我们很高兴信托首次派发的收入超越上市时的预测。这两家购物商场都保持100％承诺租约的表现，其中百利宫续约租金表现强劲，金文泰广场也取得稳定业绩。”
她说，信托将继续积极管理其房地产，为信托单位持有者提供可持续的回报，同时寻求创造价值的新机会。
由于新加坡交易所豁免该信托发布截至去年8月底的2013财年全年业绩，信托将去年上市日至8月底的业绩并入了截至11月底的第一季业绩中。
该信托在这四个多月期间的总营业额为7040万元，较预测少了50万元或0.7％；净房地产收入则比预期高出了30万元或0.5％，计5137万元。
以每单位0.90元的发售价来计算，信托的年率化派息率为5.80％，这也比预测的5.68％高出2.1％。
信托每单位盈利为1.54分，每单位净资产值为0.90元。
信托将于下月14日派发收入。
- See more at: http://news.omy.sg/News/Finance/Bao-Ye-Kong-Gu-Fang-Di-Chan-Tou-Zi-Xin-Tuo-Ke-Pai-Fa-Shou-Ru-Bi-Yu-Ce-Gao-233783#sthash.AnBlyJv4.dpuf
- wong chee tat :)
Showing posts with label Clement Mall. Show all posts
Showing posts with label Clement Mall. Show all posts
Sunday, January 12, 2014
Wednesday, July 17, 2013
SPH Prices REIT IPO at S$0.90 per Unit
SPH Prices REIT IPO at S$0.90 per Unit
by Admin on Jul 17, 2013 • 7:01 pm
by Ernie B. Calucag
Media group Singapore Press Holdings (SPH) has priced Wednesday its real estate investment trust (REIT) offering at S$0.90 per unit, at the top end of an indicative range of S$0.85-S$0.90 per unit.
SPH said the final price was settled after seeing strong institutional investor response during the bookbuilding process, amounting to approximately 42 times the number of units offered under the placement tranche.
The media group is expected to raise S$504.0 million on offering of 308.9 million units to institutional and public investors, and 251 million units to cornerstone investors such as Great Eastern Life Assurance Company, Hong Leong Asset Management and Morgan Stanley Investment Management Company.
At S$0.90 per unit, SPH REIT offers a yield of 5.58 per cent and 5.79 per cent for the forecast period 2H2013 and projection year 2014, respectively.
The SPH REIT’s assets will include the luxury Paragon mall in the prime shopping district of Orchard Road and the suburban Clementi Mall.
Paragon and Clementi Mall are valued at S$2.5 billion and S$570.5 million respectively by Knight Frank in February.
The retail tranche for the IPO opens on Wednesday and the listing will be on July 24.
Upon listing of SPH REIT, SPH will remain the single largest unitholder, with approximately 70 per cent stake. The group also plans to distribute a special dividend of S$0.18 to shareholders after the listing.
“The manager will take an active role in managing and enhancing SPH REIT’s properties,” SPH REIT said in the prospectus, adding that it will “assess acquisition opportunities in line with SPH REIT’s investment objective.”
Credit Suisse, DBS and Oversea-Chinese Banking Corp are joint bookrunners for SPH REIT, while CIMB and Nomura are co-lead managers.
More REIT IPOs
Another REIT offering is expected to be finalised in the days to come. Last week, Singapore property firm Overseas Union Enterprise Ltd (OUE) lodged its preliminary prospectus seeking to raise up to S$614.0 million.
According to the prospectus, OUE Hospitality Trust will offer 434,598,000 staple securities to the public and institutions. The offer includes 51.1 million staple securities for the retail investors while another 247,220,000 will go to cornerstone investors.
The listing will hope to raise up to S$614.0 million with an offer price expected to be between 88 S-cents and 90 S-cents per stapled security.
The trust will comprise a real estate investment trust and a business trust. OUE said it will initially inject two assets in the trust- the Mandarin Orchard hotel and the Mandarin Gallery mall along Orchard Road.
REITs raised S$3.4 billion or 68 per cent of the S$5.0 billion of stock sold in Singapore IPOs in the past 12 months, according to data compiled by Bloomberg.
The biggest share sale was the S$1.6 billion raised by Mapletree Greater China Commercial Trust, a REIT that owns assets including the Festival Walk shopping mall in Hong Kong and an office complex in Beijing.
The citystate lists 23 REITs and is the largest REIT market in Asia ex-Japan. Singapore-listed REITs have a combined market capitalisation of S$52.0 billion. Together the 23 REITs provide a diverse mix of local and international property assets that house industrial, commercial, retail, residential and specialised tenants.
More good news coming?
- wong chee tat :)
by Admin on Jul 17, 2013 • 7:01 pm
by Ernie B. Calucag
Media group Singapore Press Holdings (SPH) has priced Wednesday its real estate investment trust (REIT) offering at S$0.90 per unit, at the top end of an indicative range of S$0.85-S$0.90 per unit.
SPH said the final price was settled after seeing strong institutional investor response during the bookbuilding process, amounting to approximately 42 times the number of units offered under the placement tranche.
The media group is expected to raise S$504.0 million on offering of 308.9 million units to institutional and public investors, and 251 million units to cornerstone investors such as Great Eastern Life Assurance Company, Hong Leong Asset Management and Morgan Stanley Investment Management Company.
At S$0.90 per unit, SPH REIT offers a yield of 5.58 per cent and 5.79 per cent for the forecast period 2H2013 and projection year 2014, respectively.
The SPH REIT’s assets will include the luxury Paragon mall in the prime shopping district of Orchard Road and the suburban Clementi Mall.
Paragon and Clementi Mall are valued at S$2.5 billion and S$570.5 million respectively by Knight Frank in February.
The retail tranche for the IPO opens on Wednesday and the listing will be on July 24.
Upon listing of SPH REIT, SPH will remain the single largest unitholder, with approximately 70 per cent stake. The group also plans to distribute a special dividend of S$0.18 to shareholders after the listing.
“The manager will take an active role in managing and enhancing SPH REIT’s properties,” SPH REIT said in the prospectus, adding that it will “assess acquisition opportunities in line with SPH REIT’s investment objective.”
Credit Suisse, DBS and Oversea-Chinese Banking Corp are joint bookrunners for SPH REIT, while CIMB and Nomura are co-lead managers.
More REIT IPOs
Another REIT offering is expected to be finalised in the days to come. Last week, Singapore property firm Overseas Union Enterprise Ltd (OUE) lodged its preliminary prospectus seeking to raise up to S$614.0 million.
According to the prospectus, OUE Hospitality Trust will offer 434,598,000 staple securities to the public and institutions. The offer includes 51.1 million staple securities for the retail investors while another 247,220,000 will go to cornerstone investors.
The listing will hope to raise up to S$614.0 million with an offer price expected to be between 88 S-cents and 90 S-cents per stapled security.
The trust will comprise a real estate investment trust and a business trust. OUE said it will initially inject two assets in the trust- the Mandarin Orchard hotel and the Mandarin Gallery mall along Orchard Road.
REITs raised S$3.4 billion or 68 per cent of the S$5.0 billion of stock sold in Singapore IPOs in the past 12 months, according to data compiled by Bloomberg.
The biggest share sale was the S$1.6 billion raised by Mapletree Greater China Commercial Trust, a REIT that owns assets including the Festival Walk shopping mall in Hong Kong and an office complex in Beijing.
The citystate lists 23 REITs and is the largest REIT market in Asia ex-Japan. Singapore-listed REITs have a combined market capitalisation of S$52.0 billion. Together the 23 REITs provide a diverse mix of local and international property assets that house industrial, commercial, retail, residential and specialised tenants.
More good news coming?
- wong chee tat :)
Tuesday, May 28, 2013
Singapore Press to list two malls worth $2.4 bln in REIT IPO
Singapore Press to list two malls worth $2.4 bln in REIT IPO
ReutersReuters – Mon, May 27, 2013
SINGAPORE, May 27 (Reuters) - Singapore Press Holdings Ltd
(SPH) said on Monday it plans to list two shopping
malls valued at S$3.07 billion ($2.43 billion) via a real estate
investment trust (REIT) listing scheduled for July.
SPH plans to hold 70 percent of the units in SPH REIT, whose
assets are the Paragon shopping mall in the city-state's prime
Orchard shopping district and Clement Mall in a western suburb.
The Singapore publishing and property firm plans to
distribute 18 Singapore cents a share as a special dividend to
shareholders after the listing, it said in a statement.
Credit Suisse, DBS and Oversea-Chinese
Banking Corp are joint bookrunners for the IPO, IFR, a
Thomson Reuters publication, reported earlier.
($1 = 1.2644 Singapore dollars)
(Reporting by Rujun Shen; editing by Kevin Lim)
- wong chee tat :)
ReutersReuters – Mon, May 27, 2013
SINGAPORE, May 27 (Reuters) - Singapore Press Holdings Ltd
(SPH) said on Monday it plans to list two shopping
malls valued at S$3.07 billion ($2.43 billion) via a real estate
investment trust (REIT) listing scheduled for July.
SPH plans to hold 70 percent of the units in SPH REIT, whose
assets are the Paragon shopping mall in the city-state's prime
Orchard shopping district and Clement Mall in a western suburb.
The Singapore publishing and property firm plans to
distribute 18 Singapore cents a share as a special dividend to
shareholders after the listing, it said in a statement.
Credit Suisse, DBS and Oversea-Chinese
Banking Corp are joint bookrunners for the IPO, IFR, a
Thomson Reuters publication, reported earlier.
($1 = 1.2644 Singapore dollars)
(Reporting by Rujun Shen; editing by Kevin Lim)
- wong chee tat :)
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