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Suntec Real Estate Investment Trust (Suntec REIT)
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.
30 days ago
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
Results
Suntec REIT reports FY2023 DPU of 7.135 cents, 19.7% lower y-o-y
The REIT's distributable income for the year fell by 19.1% y-o-y to $206.8 million.
January 24, 2024
Broker's Calls
Brokers' Digest: Suntec REIT, Tiong Woon, MLT, Keppel DC REIT, ComfortDelGro, Hyphens Pharma, Frencken
See what the analysts have to say this week.
October 27, 2023
Broker's Calls
Analysts mostly negative on Suntec REIT after 3QFY2023 business update; TPs range from $1.10 to $1.47
PhillipCapital was the only brokerage to keep its ‘buy’ call and target price unchanged at $1.47.
October 24, 2023