Suntec REIT
Suntec Real Estate Investment Trust ("Suntec REIT") is the first composite REIT in Singapore, owning real estate that is primarily used for office and/or retail purposes.
See below for the Latest Suntec REIT News, Analysis, Profit Results, Share Price Information, and Commentary.
Suntec REIT’s H1 distributable income is $88.7m; DPU is 3.042 cents
Suntec REIT’s H1 distributable income is $88.7m; DPU is 3.042 cents
Higher costs and vacancies in its Australia and UK properties weighed on income.
Suntec REIT’s DPU drops 13.0% YoY in Q1 2024 to $0.226
The REIT recorded a lower DPU and a higher revenue for Q1 2O24.
Suntec REIT's distributable income dips 1.1% YoY in 1Q24
With lower income, the REIT also reported a 1.8% dip in DPU.
SREITs’ retail, office, hospitality saw strong recovery in Q4 2023: analyst
Hospitality and retail will continue to benefit from visitor arrivals and domestic spending.
Suntec REIT announces board committee changes
Changes are effective from 13 March.
Suntec REIT’s distributable income falls 13.3% YoY to $52m in 3Q23
Given the decline, the REIT proposed a 14.0% YoY lower DPU.
Keppel REIT bumps off Olam Group in STI reserve list
STI constituents, on the other hand, were unchanged.
Which 20 Singapore stocks booked the most net retail inflow in 1H23?
Net retail inflow booked by SG stocks in 1H23 hit $1.49b.
Suntec REIT’s distributable income drops 26.8% YoY to $50.3m in 1Q23
Given the drop, it recorded a 27.4% YoY lower DPU to unitholders.
Suntec REIT ‘vulnerable’ due to its exposure to tech sector: broker
It is also facing headwinds such as slow demand and cost pressures.
Suntec REIT's distributable income rises 3.4% YoY to $255.5m in FY22
The increase also pushed distribution per unit up to $0.08884.
Suntec Reit’s office portfolio to slow down due to tech sector’s problems: RHB
RHB sees moderating rent growth and an uptick in vacancy.
Rising rents to boost Suntec Reit’s office, retail assets: Maybank
The firm’s distribution per unit went up 15% in the second quarter of 2022.
Suntec REIT DPU rises 15.8% YoY in H1
Its distributable income from operations increased by 7.1% You to $126.6m.
Suntec REIT's net income jumps 24.9% to $74.3m
The increase was due to higher contributions from Suntec Mall, and two other properties.
Suntec REIT DPU up 17.1% YoY to 8.67 cents for FY21
The result was due to a higher distribution income of $129m.
Suntec REIT DPU up 20.8% YoY in Q3
This strong performance was due to the recent acquisitions by the company.
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