Paragon REIT suspension has taken effect on 15th May 2025. The last day of trading for Paragon REIT is on 14th May 2025. Paragon REIT will delist on 6th June 2025 from Singapore Stock Exchange (SGX). As shared in February, the manager of Paragon REIT and Cuscaden Peak jointly announced the privatization of Paragon REIT. The scheme consideration of S$0.98 per unit will be paid in 100% cash. At this point of writing, Paragon REIT makes up 6.89% of my stock portfolio.
After divesting The Rail Mall, Paragon REIT has a portfolio of three 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 and a 99-year leasehold interest in The Clementi Mall that commenced on 31 August 2010. In Australia, Paragon REIT owns a 50% freehold interest in Westfield Marion Shopping Centre, the largest regional shopping centre in Adelaide, South Australia.
How much is the manager offering to delist Paragon REIT and take it private? The scheme consideration of S$0.9800 in cash per unit represents a 7.1% premium to adjusted NAV (Net Asset Value) which translates to a Price / Adjusted NAV multiple of 1.07x. It also represents premiums of 10.9% and 12.8% to the 1-month and 12-month volume-weighted average price, respectively.
At a scheme meeting held on 22nd April 2025, unit holders of Paragon REIT representing 97.57% by value and 82.78% by headcount gave the go-ahead to privatise Paragon REIT. The expected date for the payment of the Scheme Consideration will be on 4th June 2025.
Paragon REIT Dividend
Are you interested to know how much dividend had Paragon REIT paid in the past? Below is Paragon REIT historical dividend payouts.
Financial Year: 2024
Dividend Payout: 6.50 cents
Financial Year: 2023
Dividend Payout: 5.02 cents
Financial Year: 2022
Dividend Payout: 7.24 cents
Financial Year: 2021
Dividend Payout: 5.40 cents
Financial Year: 2020
Dividend Payout: 2.72 cents
Financial Year: 2019
Dividend Payout: 5.60 cents
Financial Year: 2018
Dividend Payout: 5.54 cents
Financial Year: 2017
Dividend Payout: 5.53 cents
Financial Year: 2016
Dividend Payout: 5.50 cents
Financial Year: 2015
Dividend Payout: 5.47 cents
Financial Year: 2014
Dividend Payout: 5.43 cents
Final Farewell
As you can see from the above, Paragon REIT share price has been quite flat over the years. On the last day of trading (14th May 2025), Paragon REIT share price closed at S$0.97. Including the dividends collected over the years, my total profit for Paragon REIT is 19.68%.
Goodbye Paragon REIT!