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Suntec REIT most undervalued commercial S-REIT, says DBS

Khairani Afifi Noordin
Khairani Afifi Noordin9/20/2021 3:35 PM GMT+08  • 3 min read
Suntec REIT most undervalued commercial S-REIT, says DBS
Suntec REIT is the most undervalued commercial S-REIT, leading its peers with the highest two-year DPU CAGR.
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Suntec REIT is the most undervalued commercial Singapore REIT (S-REIT), leading its peers with the highest two-year DPU CAGR, according to DBS Group Research analysts Rachel Tan and Derek Tan.

In a report, the analysts say Suntec REIT’s two-year DPU cumulative annual growth rate (CAGR) of 12% is the highest among its commercial S-REIT peers. The REIT is currently trading at 0.7 times price to net asset value, while its peers are trading between 0.8 times to 1.2 times price to net asset value.

See also: Suntec REIT, Prime US REIT among RHB’s top picks for office REITs as companies adopt hybrid work model

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