Welcome!
Suntec REIT
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.
July 15, 2019
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 gross proceeds, with the possibility of increasing the siz
April 24, 2019
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.
April 18, 2019
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 reversion.
January 08, 2019
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 liquidation.
October 10, 2018
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 Wednesday posted a 2Q DPU of 2.47 cents which came in lin
July 26, 2018
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.
July 25, 2018
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 announcing a sterling set of results.
June 22, 2018
Broker's Calls
Can Suntec REIT count on improving retail revenue to drive its earnings up?
SINGAPORE (Apr 26): RHB and Maybank Kim Eng are maintaining their "hold” calls on Suntec REIT with target prices of $1.75 and $1.94 respectively, a day after the release of its latest 1Q18 results.
April 26, 2018
Broker's Calls
Accumulate Singapore REITs on price weakness, says DBS
SINGAPORE (Feb 20): Over the past week, the spike in 10-year bonds and fears over inflation has caused the Singapore REIT (S-REIT) index to decline by about 7%.
February 20, 2018