Suntec REIT

SINGAPORE (April 26): The manager of Suntec REIT has declared a 1Q17 distribution per unit (DPU) of 2.425 cents, up 2.3% as compared to the 2.371 cents posted in 1Q16.

SINGAPORE (Jan 26): OCBC Investment Research has upgraded its call on Suntec REIT from “sell” back to “hold” and raised its fair value estimate to $1.54 from $1.53 previously, after incorporating the REIT’s full-year results into its model.  

SINGAPORE (Jan 25): Suntec REIT has declared a distribution per unit (DPU) of 2.6 cents for the fourth quarter ended Dec 2016, 5.6% lower from the previous year’s DPU of 2.75 cents.

SINGAPORE (Nov 17): There were no major surprises for UOB Kay Hian in 3Q16. According to the research house, 65% of the stocks under its coverage reported financial results came in line with their expectations.

SINGAPORE (Oct 21): Maybank Kim Eng and CIMB are reiterating their “hold” calls on Suntec REIT after its manager, ARA Trust Management, reported a distribution per unit (DPU) of 2.535 cents for 3Q16, just 0.5% higher than its DPU of 2.522 cents a year

SINGAPORE (Oct 20): The manager of Suntec REIT has reported a distribution per unit (DPU) of 2.535 cents for 3Q16 ended Sept, just 0.5% higher than its DPU of 2.522 cents a year ago. This brought DPU for the nine months ended Sept to 7.407 cents.

SINGAPORE (Aug 10): CIMB Research is upgrading its “reduce” call on Suntec REIT to “hold” with a higher target price of $1.68 on its latest acquisition.

SINGAPORE (Aug 2): ARA Asset Management posted a 9% rise in 1H16 earnings ended June to $38.7 million from $35.4 million a year ago.

SINGAPORE (July 22): Market watchers are turning cautious on Suntec Real Estate Investment Trust (Suntec REIT), as it reported an unchanged distribution per unit of 2.5 cents for 2QFY2016.

SINGAPORE (July 21): ARA Trust Management (Suntec), the manager of Suntec REIT, has declared a DPU of 2.501 cents for 2Q16 ended June, relatively unchanged compared to the DPU of 2.500 cents in 2Q15 a year ago.