Reviewing My Personal Analysis of SPH REIT

When I wrote about SPH Reit two years ago, SPH Reit only has two assets in its portfolio which are Paragon and The Clementi Mall. Back then, there was news that SPH Reit will add Seletar Mall to its portfolio but till date, it has not actualize. As of today, SPH Reit has include two new properties in its portfolio, which is The Rail Mall and Figtree Grove Shopping Centre.

The Rail Mall

SPH Reit acquired The Rail Mall on 28th June 2018 at S$63.2 million. Based on what I have gathered, 40% of the tenants are F&B restaurant operators, 20%are supermarkets and the rest consist of services providers such as spa and massage parlours and tuition centres.

The Rail Mall has 41.5% of its leases expiring in FY19. Read More

My Personal Analysis of SPH REIT

SPH REIT Logo

Portfolio

SPH REIT must be one of the fewer REITs with not much properties in its portfolio. In fact, there is only two which is Paragon and The Clementi Mall. There are news SPH REIT will add Seletar Mall to its portfolio.

Occupancy

Both Paragon and The Clementi Mall are at 100% occupancy. I have noticed there are no vacant shop spaces in Paragon and The Clementi Mall. If you have been to The Clementi Mall, you noticed that it is always bustling with people at any time. Perhaps it is also because of its proximity to the bus interchange and nearby schools.

I used to take part time night classes at Singapore Institute of Management (SIM) and I will grab a dinner prior to crossing the road to take the bus to school. I will say The Clementi Mall is situated at an excellent strategic location. Read More