Suntec Real Estate Investment Trust (Suntec REIT)

Suntec REIT reports 21.9% drop in 3Q DPU to 1.848 cents on lower distributable income - THE EDGE SINGAPORE

Results

Suntec REIT reports 21.9% drop in 3Q DPU to 1.848 cents on lower distributable income

The manager of Suntec REIT has reported a distribution per unit (DPU) of 1.848 cents for 3QFY2020 ended Sept, some 21.9% lower than the 2.365 cents posted a year ago, on lower distributable income

Suntec REIT manager increases Euro Medium Term Note Programme to US$2 bil - THE EDGE SINGAPORE

Funds

Suntec REIT manager increases Euro Medium Term Note Programme to US$2 bil

ARA Trust Management, the manager of Suntec REIT announced on Oct 16 that it had increased the REIT’s Euro Medium Term Note Programme limit to US$2 billion ($2.72 billion) from US$1.5 billion previ

Analysts see Suntec REIT's London acquisition as positive, though higher gearing could drag near-term share price performance - THE EDGE SINGAPORE

Broker's Calls

Analysts see Suntec REIT's London acquisition as positive, though higher gearing could drag near-term share price performance

Following Suntec REIT’s $756 million acquisition of properties in London on Oct 8, analysts at CGS-CIMB, DBS Group Research and OCBC Investment Research have maintained their “add” or “buy” calls.

Suntec REIT diversifies into UK with $756 million acquisition of London properties - THE EDGE SINGAPORE

REITs

Suntec REIT diversifies into UK with $756 million acquisition of London properties

Suntec REIT is paying the Canada Pension Plan Investment Board £430.6 million ($756 million) for the latter’s 50% stake in two Grade A office buildings with ancillary retail at London’s West End.

Broker's Calls

Suntec REIT supported by rental assistance, Australia acquisitions: OCBC

Suntec REIT is “feeling the pinch” of the Covid-19 outbreak and circuit breaker measures in Singapore, says the OCBC Investment Research team in a July 23 report, with its retail and conv

Results

Suntec REIT posts 35.1% fall in 2Q20 DPU to 1.53 cents

The manager of Suntec REIT has announced a 35.1% drop in distribution per unit (DPU) to 1.53 cents for the 2Q20 ended June, from the DPU of 2.361 cents a year ago.

Company in the news

Suntec REIT makes capital injection of $40 mil into entitles of Suntec Singapore International Convention and Exhibition Centre

SINGAPORE (July 1): ARA Trust Management, the manager of Suntec REIT says that Suntec REIT’s wholly-owned subsidiary, Suntec Harmony, has subscribed for new ordinary shares in Harmony Investors Gro

Broker's Calls

'Buy' Suntec REIT on expected better 2H with new developments in Singapore and Australia: RHB

SINGAPORE (Jul 1): RHB analyst Vijay Natarajan is maintaining his “buy” call on Suntec REIT with an unchanged target price of $1.78, which represents a 26% upside on the stock.

Broker's Calls

937 Brokers' Digest

Food Empire
Price target:

RHB “Buy” 75 cents

Strengthening Ruble to help lift coffee maker’s earnings

Broker's Calls

Suntec REIT prospects to rebound as workers return to the office

SINGAPORE (June 9): With Phase 2 reopening of Singapore’s “circuit breaker” measures anticipated to take place earlier than expected, DBS Group Research analysts Rachel Tan and Derek Tan have reite

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