Key Milestones

Dec 2022
  • The DPU was 1.72 cents for the 4 months ended 31 December 2022
  • Valuation of PARAGON REIT’s portfolio of properties was S$4.1 billion as at 31 December 2022
  • Announced change of Trust’s name from SPH REIT to PARAGON REIT
Nov 2022
  • PARAGON REIT announced a 5-year extension of the appointment of property manager, Straits Retail Property Management Services Pte. Ltd., for the Singapore portfolio
Oct 2022
  • PARAGON REIT announced DPU of 1.39 cents for 4Q FY2022
  • 12M FY2022 NPI improved 3.5% yoy to S$209.7 million
Aug 2022
  • Announced the following changes to the Board and Audit & Risk Committee composition
    1. Retirement of Mr. Soon Tit Koon as Non-Executive and Non-Independent Director, Chairman of Audit & Risk Committee and Member of the Nomination & Remuneration Committee
    2. Appointment of Ms. Jennie Chua as Non-Executive and Independent Director, Deputy Chairman of the Board and Chairman of the Nominating & Remuneration Committee
    3. Appointment of Mr. Eugene Lai as Non-Executive and Lead Independent Director, Chairman of the Audit & Risk Committee and Member of the Nominating & Remuneration Committee
    4. Appointment of Mr. Gerald Yong as Non-Executive and Non-Independent Director, Member of the Audit & Risk Committee and Member of the Nominating & Remuneration Committee
Jul 2022
  • Announced the resignation of Mr. Chua Hwee Song as a Non-Executive and Non-Independent Director and Member of Nomination & Remuneration Committee
  • PARAGON REIT announced DPU of 1.45 cents for 3Q FY2022
  • PARAGON REIT announced change of financial year end from 31 August to 31 December
Jun 2022
  • Cuscaden Peak Pte. Ltd. held 61.68% of PARAGON REIT upon close of mandatory chain-offer for PARAGON REIT
  • Re-designation of Dr. Leong Horn Kee and Mr. Soon Tit Koon as Independent Director to Non-Executive and Non-Independent Director
Apr 2022
  • PARAGON REIT announced DPU of 1.44 cents for 2Q FY2022
  • Cuscaden Peak Pte. Ltd. completed the acquisition of Singapore Press Holdings Limited and became the new Sponsor of PARAGON REIT
  • Cuscaden Peak Pte. Ltd. announced mandatory chain-offer for PARAGON REIT
  • 1H FY2022 NPI improved 0.4% yoy to S$105.3 million
Feb 2022
  • PARAGON REIT announced DPU of 1.24 cents for 1Q FY2022
Dec 2021
  • Appointment of 2 new Non-Executive Independent Directors
    1. Mr. Ray Ferguson
    2. Mr. Bernard Phang
Sep 2021
  • SPH REIT joins FTSE EPRA Nareit Global Developed Index
Aug 2021
  • SPH REIT secures refinancing of S$85 million in a five-year loan
Jun 2020
  • Launched a relief scheme for tenants in its Australia assets, in line with the “SME Commercial Code of Conduct and Leasing Principles”
Apr 2020
  • SPH REIT secures refinancing of S$280 million in a five-year loan
Feb 2020
  • Provided a tenants’ assistance scheme to mitigate the impact of COVID-19 on the performance of its tenants in its Singapore assets
Dec 2019
  • Acquisition of 50% in Westfield Marion Shopping Centre, South Australia
Nov 2019
  • Raised gross proceeds of about S$164.5 million through a private placement to partly finance the acquisition of Westfield Marion Shopping Centre, South Australia
Aug 2019
  • SPH REIT establishes S$1 billion multi-currency debt issuance programme
  • SPH REIT issues S$300 million of 4.1% subordinated perpetual securities
Dec 2018
  • Acquisition of an 85% interest in Figtree Grove Shopping Centre, New South Wales Australia
June 2018
  • SPH REIT acquired The Rail Mall
July 2013
  • Listing on SGX Mainboard
  • Registration of Prospectus by MAS
  • Grant of CMAS licence by MAS
May 2013
  • ETL by SGX