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Suntec Real Estate Investment Trust (Suntec REIT)
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
April 29, 2021
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.
January 26, 2021
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.
November 25, 2020
Broker's Calls
Suntec REIT trustee issues $200 mil perpetual securities under US$2 bil Euro Medium Term Securities Programme
Approval in-principle has been received from the SGX-ST.
October 27, 2020
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'.
October 22, 2020
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.
October 16, 2020
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.
October 13, 2020
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.
October 08, 2020
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.
July 27, 2020
Results
Suntec REIT posts 35.1% fall in 2Q20 DPU to 1.53 cents
The manager had retained 10% of the distributable income in operations for the period. Had the retention been included, the DPU for 1H20 would have been 3.659 cents per unit.
July 23, 2020