|Bid||1.0300 x 0|
|Ask||1.0400 x 0|
|Day's range||1.0300 - 1.0400|
|52-week range||1.0200 - 1.1600|
|Beta (5Y monthly)||0.30|
|PE ratio (TTM)||17.46|
|Earnings date||03 Apr 2020 - 08 Apr 2020|
|Forward dividend & yield||0.06 (5.26%)|
|Ex-dividend date||28 Nov 2019|
|1y target est||1.03|
SINGAPORE (Nov 7): SPH REIT is acquiring a 50.0% stake in Westfield Marion Shopping Centre in Adelaide, Australia, for a consideration of A$670.0 million ($636.5 million). Marion Sub Trust, which is wholly-owned by SPH REIT, on Thursday entered into a sale of land contract with investment management platform Lendlease Real Estate Investments. The acquisition is expected to be completed by end-2019.
S-REITs, in general, has so far made a strong showing which came on the back of growing investor interest that arose from the uncertain outlook of US-China trade war. As we re-enter the phase of escalating tensions and rising tariffs, investors may once again look to S-REITs in hunt for higher yields and stability.