SPH REIT may spend up to $500m in acquisitions: report

Submitted By:  Staff Reporter Case Study:  No The expected portfolio expansion may add 5-8% to its FY2020-21 DPU. Singapore Press Holdings REIT (SPH REIT) may spend up to $500m in acquisitions with its $300m proceeds from perpetual securities and at the back of its strong portfolio performance, DBS Equity Research reported. This is despite the DBS analyst Derek Tan’s generally cautious sentiment on the retail subsector, especially the Orchard Area. But DBS believes that the limited upcoming retail supply in Orchard would be to the REIT’s advantage. read more