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Suntec Real Estate Investment Trust (Suntec REIT)
Offer
Gordon and Celine Tang increase Suntec REIT cash offer to $1.19
The offer closing date has also been extended to 5.30pm on Feb 5, from Jan 20 previously.
9 days ago
Offer
Gordon and Celine Tang to make conditional cash offer of $1.16 per unit for Suntec REIT
The Tangs increased their stake on Dec 5 by paying $1.16 each for more than 62.5 million units from the open market
December 05, 2024
Broker's Calls
Suntec REIT biggest beneficiary from MAS’s ‘looser’ leverage, ICR rules: OCBC
S-REITs are now subject to a single aggregate leverage limit of 50% and a minimum interest coverage ratio (ICR) of 1.5 times.
November 29, 2024
Broker's Calls
Analysts remain neutral on Suntec REIT after results met expectations despite 3QFY2024 DPU slip
Maybank upgraded its TP to $1.25, while CGSI and OIR have kept their TPs unchanged at $1.38 and $1.19.
October 29, 2024
Results
Suntec REIT reports DPU of 1.58 cents for 3QFY2024, down 0.9% y-o-y
This came on the back of vacancies at 55 Currie Street in Australia and The Minster Building in London.
October 24, 2024
Broker's Calls
Brokers’ Digest: Digital Core REIT, Suntec REIT, UOB, DBS, DFI Retail Group, Wilmar, ST Engineering
Here's what the analysts have to say this week.
September 27, 2024
Broker's Calls
OCBC downgrades Suntec REIT to ‘sell’ with higher TP of $1.19
Suntec REIT historically traded at a 10Y average forward distribution yield of 5.7%, based on the team's estimates.
September 23, 2024
Broker's Calls
Analysts mostly maintain ‘hold’ calls on Suntec REIT following the release of 1HFY2024 results
CGSI, DBS and OCBC maintain their “hold” calls on the REIT, RHB has kept its “buy” call.
July 29, 2024
Results
Suntec REIT reports 1QFY2024 DPU of 1.511 cents, 1.8% lower y-o-y
Unitholders will receive their DPUs on May 30.
April 25, 2024
Broker's Calls
RHB upgrades Suntec REIT to ‘buy’ on strong operational metrics; analysts up TPs on forward estimates
Analysts from CGS-CIMB, DBS, Maybank and OCBC have kept their "hold" calls while Citi has kept its "sell" rating.
January 25, 2024