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Suntec REIT raises $94.4 mil in Suntec City strata sales to lower gearing
Suntec REIT's manager prefers selling strata units and/or Australian assets to pare debt rather than equity fund raising
January 25, 2024
REITs
Suntec REIT’s manager raises $94.4 million in strata sales at Suntec, prefers divestments to EFR to lower gearing
Suntec REIT's manager looks to divest core plus property in Australia or Suntec's strata units to lower aggregate leverage to 40%
January 24, 2024
REITs
For S-REITs, acquisitions and hints of acquisitions have undermined prices
Compare the reaction to Suntec REIT's underwhelming business updates to Keppel DC REIT's more positive announcements
October 24, 2023
Broker's Calls
PhillipCapital initiates ‘buy’ on Suntec REIT, calling it ‘the discounted gem’
Analyst Liu Miaomiao has given Suntec REIT a target price of $1.47.
September 12, 2023
Broker's Calls
Analysts lukewarm on Suntec REIT as outlook moderates
The analysts expect a negative share price reaction on the earnings miss.
July 27, 2023
REITs
Resilient DPU, stable valuations, faltering ICR
As DPUs inch ahead, and valuations remain stable, ICR appears to be challenged
January 26, 2023
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.
January 25, 2023
Broker's Calls
Slowing economic growth to moderate office rent growth momentum for Singapore office sector in 2023: DBS
Office and commercial S-REITs peaked in August, outperforming other asset classes as of September — before the sentiment turned.
December 20, 2022
Insider moves
Nordic chairman and Suntec’s Celine Tang raise respective stakes; Food Empire buys back shares
Nordic's 1HFY2022 earnings were up 49% y-o-y to $11.6 million
September 01, 2022
Broker's Calls
Sunny outlook ahead for Suntec REIT
Analysts expect a sunny outlook ahead for Suntec REIT.
July 28, 2022