Suntec Real Estate Investment Trust (Suntec REIT)

Analysts up Suntec REIT's TP estimate following latest divestment and acquisition of prime London office - THE EDGE SINGAPORE

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.
Suntec REIT divests Suntec City office strata units for $197 mil; acquires The Minster Building in London for $667.2 mil - THE EDGE SINGAPORE

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).
Analyst mixed amid Suntec REIT's recovery in 1Q21 DPU - THE EDGE SINGAPORE

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
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 - THE EDGE SINGAPORE

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.
FLCT, Suntec REIT, Keppel Land gain recognition at sustainability awards - THE EDGE SINGAPORE

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.
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 REIT will be distributing its 3Q distributable income in full due to 'encouraging signs of recovery'.
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

The said programme has been renamed as the US$2 billion Euro Medium Term Securities Programme.
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

Analysts from CGS-CIMB, DBS, OCBC and UOB Kay Hian have given "buy" calls on the counter.
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

With the acquisition of Nova Properties, Suntec REIT’s AUM will grow from $10.7 billion to $11.5 billion.
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