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Suntec Real Estate Investment Trust (Suntec REIT)
Broker's Calls
CGS-CIMB downgrades Suntec REIT to 'hold'; other analysts mixed
CGS-CIMB and Citi have rated Suntec REIT at 'hold' or 'neutral', while Maybank and RHB have kept their 'buy' calls.
April 27, 2022
Results
Suntec REIT reports DPU of 2.391 cents for 1QFY2022, up 16.9% y-o-y
Unitholders will receive their distributions on May 30, with the ex-date being May 5.
April 26, 2022
Broker's Calls
S-REIT DPUs expected to grow 12% y-o-y in FY2022; office REITs preferred: Maybank Securities
Maybank has also upgraded Suntec REIT to “buy” with a TP of $1.80 based on its leverage to Singapore’s reopening.
March 12, 2022
Results
Suntec REIT reports DPU of 4.512 cents for 2HFY2021, up 9.8% y-o-y
For the FY2021, Suntec REIT’s DPU stood at 8.666 cents, up 17.1% y-o-y.
January 26, 2022
Broker's Calls
A bumpy ride ahead for S-REITS: RHB
Both opportunities and risks are present for S-REITs in 2022, RHB says.
January 21, 2022
Broker's Calls
Analysts up Suntec REIT's TP estimate following latest divestment and acquisition of prime London office
CGS-CIMB has upped its TP to $1.79, while RHB has increased its TP to $1.76.
July 01, 2021
REITs
Suntec REIT divests Suntec City office strata units for $197 mil; acquires The Minster Building in London for $667.2 mil
The London acquisition is said to be accretive to the REIT’s distribution per unit (DPU) and net asset value (NAV).
June 30, 2021
Broker's Calls
Analyst mixed amid Suntec REIT's recovery in 1Q21 DPU
CGS-CIMB has kept "buy" on Suntec REIT with a TP of $1.76 while OCBC Investment Research has recommended "hold" with a TP of $1.56
April 29, 2021
Results
Suntec REIT announces 12.8% lower 2H20 DPU of 4.109 cents; 22.1% lower FY20 DPU of 7.402 cents on absence of capital distribution
As at 9.18am, units in Suntec REIT are trading 1 cent higher or 0.6% up at $1.55.
January 26, 2021
Sustainability
FLCT, Suntec REIT, Keppel Land gain recognition at sustainability awards
All three were recognised for their sustainability efforts in the 2020 GRESB Real Estate Assessment.
November 25, 2020