SPH Reit to acquire Rail Mall

News about SPH REIT

SPH Reit has agreed to buy The Rail Mall in Upper Bukit Timah Road for $63.24 million, it announced yesterday. The mall comprises 43 single-storey shop units and 95 private carpark spaces.

Funding of this acquisition is announced to be from debt and internal resources.

SPH REIT
Price0.950 SGD
NAV0.920 SGD
Yield (4 quarters)5.94%
Gearing30.1%