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ARA Trust Management
Company in the news
Suntec REIT acquires Adelaide office building for $141 mil
SINGAPORE (July 15): Suntec REIT is acquiring a freehold Grade A office building in Adelaide’s CBD.
July 15, 2019
Update
Suntec REIT looks to expand Australia footprint with $150 mil private placement
SINGAPORE (April 24): Suntec REIT’s manager ARA Trust Management is proposing to issue 84.7 million new units of the REIT at $1.77 to $1.81 per new unit in its bid to raise up to $150 million of gross proceeds, with the possibility of increasing the siz
April 24, 2019
Broker's Calls
Retail continues to be thorn in Suntec REIT’s side
SINGAPORE (Oct 21): Maybank Kim Eng and CIMB are reiterating their “hold” calls on Suntec REIT after its manager, ARA Trust Management, reported a distribution per unit (DPU) of 2.535 cents for 3Q16, just 0.5% higher than its DPU of 2.522 cents a year
October 21, 2016
Results
Suntec REIT’s 3Q DPU marginally higher at 2.535 cents on divestment and lower revenue
SINGAPORE (Oct 20): The manager of Suntec REIT has reported a distribution per unit (DPU) of 2.535 cents for 3Q16 ended Sept, just 0.5% higher than its DPU of 2.522 cents a year ago. This brought DPU for the nine months ended Sept to 7.407 cents.
October 20, 2016