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Paragon REIT
Broker's Calls
‘Hold’ on top Paragon REIT as Singapore assets drives revenue growth
Despite the lack of near-term catalysts, CGS-CIMB keeps 'hold' on Paragon REIT as its Singapore assets drive growth.
May 09, 2024
Results
Paragon REIT reports higher revenue in 1QFY2024 update, mulls acquisitions
Paragon REIT says it has rights of first refusal for the Woodleigh Mall, which opened last May.
May 06, 2024
REITs
Paragon REIT turns down offer to buy Seletar Mall for $550 million
The acquisition at this price will be dilutive to Paragon's DPU
February 29, 2024
Results
Paragon REIT posts 9% drop in DPU to 5.02 cents due to higher cost of debt
Despite higher interest rates, Paragon REIT is confident about its FY2024 outlook.
February 06, 2024
Broker's Calls
CGS-CIMB lowers target price for Paragon REIT to 88 cents after limited upside potential
Paragon REIT has made an improvement in operating metrics, but higher cost of equity and slowdown in consumer spending loom.
November 07, 2023
Results
Paragon REIT posts gross revenue growth of 1.2% y-o-y to $215.6 million in 3QFY2023
Gross revenue for its Singapore and Australia assets increased 2.4% y-o-y and 5.4% y-o-y respectively.
October 31, 2023
Results
Paragon REIT 1HFY2023 DPU down 15.7% as higher interest cost bites
In 1HFY2023, it managed to achieve rental reversion of 6.9%, versus a contraction of 4.1% in FY2022.
August 07, 2023
REITs
Shopping for REITs along Orchard Road
Of the REITs with Orchard Road malls, Paragon mall is the largest contributor to its REIT
August 03, 2023
Broker's Calls
Paragon REIT’s reversions could be negative to flat in FY2023; CGS-CIMB maintains 'hold'
The analysts believe that the REIT’s DPU downside is likely limited.
May 11, 2023
REITs
Paragon REIT malls to accept use of CapitaLand's eCapitaVoucher
The move will enable shoppers at these malls to use eCapitaVoucher as an in-store digital payment mode.
April 10, 2023