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Paragon REIT
Broker's Calls
Figtree Grove sale is 'early Christmas gift' for Paragon REIT unitholders
Paragon REIT unitholders can receive a distribution of 1.6 cents per unit from proceeds of the sale, DBS estimates
8 days ago
REITs
Paragon REIT to divest 85%-owned Figtree Grove Shopping Centre in Australia at 4.9% above valuation
Upon completion of the divestment, Paragon REIT’s portfolio will comprise three prime retail properties across Singapore and Australia.
8 days ago
Results
Paragon REIT reports higher gross revenue of $223 mil in 3QFY2024 update, up 3% y-o-y
Paragon, the REIT’s crown asset, saw an increase in revenue to $135.5 million for the same period, up from $128.6 million in the previous year.
23 days ago
Broker's Calls
Paragon REIT could be acquired within CLI’s ecosystem of fund partners or other consortium partners: DBS
Even though the market expects Paragon REIT to be acquired by CICT, the analysts see that the capital allocated for ION could mean that Paragon's suitor could be elsewhere.
September 26, 2024
REITs
Paragon REIT completes divestment of The Rail Mall; to distribute special distribution of 1.85 cents per unit
The special distribution is expected to be paid on Oct 7.
August 15, 2024
Results
Paragon REIT posts DPU of 2.32 cents for 1HFY2024, 4.1% lower y-o-y
Rental reversion improved to 19.1% for 1HFY2024 compared to 6.9% for 1HFY2023.
August 06, 2024
Broker's Calls
CGS International keeps ‘hold’ call on Paragon REIT with lowered TP following divestment of Rail Mall
CGS International keeps ‘hold’ call on Paragon REIT with lowered TP following divestment of Rail Mall
June 24, 2024
Broker's Calls
DBS keeps 'buy' on Paragon REIT following divestment of Rail Mall
Proceeds from the divestment, which is made at nearly 30% above valuation, can be used to help pay down a perpetual securities
June 21, 2024
REITs
Paragon REIT to divest The Rail Mall for $78.5 mil
Paragon REIT is divesting The Rail Mall for $78.5 million.
June 20, 2024
Broker's Calls
Brokers’ Digest: ComfortDelGro, Frasers Property, Bumitama Agri, Paragon REIT, Cromwell European REIT, Memiontec, CSE
See what the analysts have to say this week.
May 17, 2024