Suntec REIT

SINGAPORE (Jan 25): DBS Vickers Securities is reiterating its “buy” call on Suntec REIT with an unchanged target price of $2.30 after its manager on Wednesday posted a 4Q distribution per unit (DPU) of 2.604 cents, in line with expectations.

SINGAPORE (Jan 24): ARA Trust Management (Suntec), the manager of Suntec REIT, has declared a 4Q17 distribution per unit of 2.604 cents, 0.3% higher than 2.596 cents in 4Q16.

SINGAPORE (Oct 30): Suntec REIT announced its 3Q18 results and posted a 2.1% decrease in DPU to 2.483 cents compared to 2.535 cents in 3Q16, due to an enlarged units base which included 95.7 million new units issued in May.

SINGAPORE (Sept 6): DBS expects August’s market choppiness to continue into September over uncertainty policy actions over central banks, the risk of escalating geopolitical tensions in the Korean peninsula plus a lacklustre 2Q results season.

SINGAPORE (July 26): Religare Capital Markets says Suntec REIT’s 2Q results are in line with expectations, with revenue and distribution per unit (DPU) accounting for 25.7% and 24.8% of its full-year estimates, respectively.

SINGAPORE (July 26): UOB KayHian is keeping a “hold” call on Suntec REIT with a target price of $1.90 based on its dividend discount model (DDM), pending more details after the analyst briefing.

SINGAPORE (July 26): The manager of Suntec REIT today posted a distribution per unit (DPU) of 2.493 cents for the second quarter ended June, 0.3% lower compared to the 2.501 cents it posted in the same period a year ago.

SINGAPORE (June 15): ARA Asset Management has been said to be in line to purchase a half-share of Mirvac’s Olderfleet office development at 477 Collins Street, Melbourne, Australia.  

SINGAPORE (June 1): Global index provider FTSE Russell announces that there will be no changes to the constituents of the Straits Times Index (STI), following the June quarterly review.

SINGAPORE (April 26): Maybank Kim Eng Research is maintaining its “hold” call on Suntec REIT with an unchanged price target of $1.76, even as the trust registered 2.3% higher distribution per unit (DPU) at 2.425 cents this morning for the first quarte