Suntec Real Estate Investment Trust (Suntec REIT)

'A sigh of relief' as Suntec REIT closes FY2022, but outlook stays challenging: analysts - THE EDGE SINGAPORE

Broker's Calls

'A sigh of relief' as Suntec REIT closes FY2022, but outlook stays challenging: analysts

Despite a strong finish for FY2022, Suntec REIT faces a challenging outlook ahead, say analysts.

Results

Suntec REIT reports 9.7% drop in 2HFY2022 DPU of 4.074 cents

For the FY2022, Suntec REIT’s DPU stood at 8.884 cents, 2.5% higher than the previous year's DPU of 8.666 cents.
RHB downgrades Suntec REIT to 'neutral' with lower TP of $1.47 - THE EDGE SINGAPORE

Broker's Calls

RHB downgrades Suntec REIT to 'neutral' with lower TP of $1.47

Suntec REIT's office portfolio could be impacted by the slowdown in the technology sector, notes RHB analyst Vijay Natarajan.

REITs

Suntec REIT enters into $400 mil sustainability-linked loan facility

The loan was made to refinance part of the REIT’s outstanding borrowings and for general working capital purposes.
Analysts lower target prices on Suntec REIT as rising interest rates weigh on costs - THE EDGE SINGAPORE

Broker's Calls

Analysts lower target prices on Suntec REIT as rising interest rates weigh on costs

The REIT’s 3QFY2022 results have left sentiments generally mixed, with mostly “buy” calls and a “sell” call.

Results

Suntec REIT reports DPU of 2.084 cents for 3QFY2022, down 6.6%

Suntec REIT’s record date is on Nov 4. Unitholders will receive their distributions on Nov 29.

Broker's Calls

UOB Kay Hian keeps 'hold' call on Suntec REIT with higher TP of $1.73 on the back of recovery in London properties

Suntec REIT had “opportunistically” acquired Nova Properties and Minster Building in London during the Covid-19: UOBKH

Results

Suntec REIT reports 15.8% increase in 1HFY2022 DPU of 4.810 cents

Unitholders will receive their DPUs on Aug 29.
Brokers' Digest: Singtel, SIA, Genting Singapore, Suntec REIT - THE EDGE SINGAPORE

Broker's Calls

Brokers' Digest: Singtel, SIA, Genting Singapore, Suntec REIT

See what the analysts have to say this week.
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