REITs • 22 Aug 2024
Paragon REIT
SK6U.SI : Singapore Exchange
0.870
-0.57%
Share Price in SGD. As of 20 Sep 17:04:45 SGT
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Chart
Key stats
Paragon REIT’s share price has increased by 7.4% over the past 1 year. It has underperformed the Singapore stock market during this period.
Share Price Performance
- 52 Week Range
- SGD 0.790 - 0.915
- Price vs 5-year high/low
- Near high
| SK6U.SI | Market | |
|---|---|---|
| 1 Month | -2.8% | 7.5% |
| YTD | -1.1% | 12.2% |
| 1 Year | 7.4% | 18.0% |
| 5 Year | -17.9% | 13.5% |
Valuation
Financial
Dividend
Recently happened to Paragon REIT
15 Aug 2024 • Dividend
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upcoming dividend payment
Earnings
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earnings highlights
Beansprout Analysis
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Beansprout Exclusive
- Rating:
Neutral
- Price Target*:
- $0.85
- Upside/Downside:
- -2.30%
*Target price is for 12 months
Research Reports
Beansprout's Checklist
-
Occupancy Rate of 98.1% is higher than sector average of 95.2%
-
Net property income yield of 5.22% is lower than its dividend yield of 5.7%
-
Gearing Ratio of 0.30x is lower than sector average of 0.37x
-
Interest Coverage Ratio of 2.8x is above 2.5x
-
Net Book Value of $0.91 is inline with its net book value of $0.91 in the previous year
-
Dividend Yield of 5.7% is lower than sector average of 7.4%
-
Distribution per unit growth is -9.06%
-
Price to Book of 0.93x is higher than sector average of 0.73x
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Revenue Breakdown by Asset
Revenue Breakdown by Geography
Market Analysis
Consensus Share Price Target
Paragon REIT’s price target is $0.97, according to consensus estimates as of 21 Sep 2024. Paragon REIT’s with a price target of $0.97 and current price of $0.87, has an upside potential of 11.5%.
Price Target: $0.970
Sell
Underperform
Neutral
Outperform
Buy
Source: SGX as of 21 Sep 2024
Analyst Ratings
CGS-CIMB
06 Feb 2024
Hold
0.860
(prev 0.880)
DBS Research
11 Apr 2024
Buy
1.050
Analyst Reports
Valuation
Earnings
Financials
News
Profile
Company Description
PARAGON REIT is a Singapore-based real estate investment trust established principally to invest in a portfolio of income-producing real estate primarily for retail purposes in AsiaPacific, as well as real estate-related assets. PARAGON REIT has a portfolio of five assets in Singapore and Australia. Its portfolio of properties in Singapore comprises a 99-year leasehold interest in Paragon that commenced on 24 July 2013, a 99-year leasehold interest in The Clementi Mall that commenced on 31 August 2010 and a 99-year leasehold interest in The Rail Mall that commenced on 18 March 1947. These Singapore properties have an aggregate net lettable area of approximately 960,000 sq. ft. In Australia, PARAGON REIT owns a 50% freehold interest in Westfield Marion Shopping Centre, the largest regional shopping centre in Adelaide, South Australia. PARAGON REIT also owns an 85% interest in Figtree Grove Shopping Centre, a freehold subregional shopping centre in Wollongong, New South Wales, Australia. Both Australian properties have an aggregate gross lettable area of approximately 1.7 million sq. ft.