SPH REIT reports DPU in 3Q16 increased 0.7% to 1.36 cents on
the back of higher rental income achieved from Paragon.
One of thing I like about SPH REIT is its Good management. Although
SPH REIT has only 2 properties under its portfolio, the management has since been
trying hard on AEI to free up space to build more shops for rental. Below are examples.
“The Asset Enhancement Initiative involving the decanting of
Air Handling Units at Paragon are progressing well and we have secured
tenancies for all the newly created units ahead of its opening end of this
year,” says Susan Leng, CEO of SPH REIT Management.
“We have received strong demand from retailers for the
reconfiguration of Basement 1 at The Clementi Mall,” she adds. “The revamped
food cluster will be a refreshing destination for our shoppers.”
really hope SPH REIT will acquire Seletar Mall from its sponsor this year. had been saying this in their outlook presentation for many quarters. *disappointed
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