Suntec REIT

Markets

Mapletree Logistics Trust added to STI; Golden Agri-Resources dropped

SINGAPORE (Dec 5): Mapletree Logistics Trust (MLT) will be added as a constituent of the benchmark Straits Times Index (STI) – replacing Golden Agri-Resources (GAR) – in the only change following a

Results

Suntec REIT posts 4.6% drop in 2Q DPU to 2.361 cents

SINGAPORE (July 26): The manager of Suntec REIT has announced a 4.6% drop in distribution per unit (DPU) to 2.361 cents for the 2Q19 ended June, from DPU of 2.474 cents a year ago.

Company in the news

Suntec REIT acquires Adelaide office building for $141 mil

SINGAPORE (July 15): Suntec REIT is acquiring a freehold Grade A office building in Adelaide’s CBD.

Update

Suntec REIT looks to expand Australia footprint with $150 mil private placement

SINGAPORE (April 24): Suntec REIT’s manager ARA Trust Management is proposing to issue 84.7 million new units of the REIT at $1.77 to $1.81 per new unit in its bid to raise up to $150 million of gr

Broker's Calls

DBS keeps Suntec REIT at 'buy' on securing UBS as sole tenant for 9 Penang Road

SINGAPORE (Apr 18): DBS Group Research continues to rate Suntec REIT a “buy” with a target price of $2.12.

Sector Focus

This is the year for office REITs to shine: OCBC

SINGAPORE (Jan 8): OCBC Bank is expecting Singapore office REITs to strengthen further in the near-term this year – and possibly, in the process, demand higher rents to bring about positive rental

Broker's Calls

Liquidation of Newstead to have minimal impact on REITs

SINGAPORE (Oct 10): CGS-CIMB Securities continues to rate Singapore REITs as “overweight” following media reports that home-grown electronics retailer Newstead Technologies is currently in liquidat

Broker's Calls

How bullish will analysts go on Suntec REIT?

SINGAPORE (July 26): CGS-CIMB Research and DBS Vickers Securities are maintaining their “add” and “buy” calls with the respective price targets of $2.08 and $2.30, after the REIT manager on Wednesd

Results

Suntec REIT posts 0.8% lower 2Q DPU of 2.47 cents

SINGAPORE (July 25): ARA Trust Management (Suntec) Limited announced that Suntec REIT’s DPU for 2Q18 had declined by 0.8% to 2.474 cents, compared to 2.493 cents in 2Q17.

In print this week

What does it take to be a REIT manager?

SINGAPORE (June 22): Earlier in June, John Lim, CEO of ARA Asset Management, and a pioneer of Singapore’ real estate investment trust sector, sat down with The Edge Singapore after just an

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