Southgate Complex

Suntec REIT raises $94.4 mil in Suntec City strata sales to lower gearing - THE EDGE SINGAPORE

REIT Watch

Suntec REIT raises $94.4 mil in Suntec City strata sales to lower gearing

Suntec REIT's manager prefers selling strata units and/or Australian assets to pare debt rather than equity fund raising
Suntec REIT reports 16.2% y-o-y  growth in DPU to 2.045 cents for 1QFY21 - THE EDGE SINGAPORE

Results

Suntec REIT reports 16.2% y-o-y growth in DPU to 2.045 cents for 1QFY21

The higher DPU was driven mainly by contributions from office assets in Singapore and Australia.

Broker's Calls

Southgate offers Suntec REIT new hope

SINGAPORE (Aug 10): CIMB Research is upgrading its “reduce” call on Suntec REIT to “hold” with a higher target price of $1.68 on its latest acquisition.
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