Suntec City mall

UOB Kay Hian Group Research has kept a “buy” rating on Suntec REIT with an increased target price of $1.88. Photo: Bloomberg

The higher DPU was driven mainly by contributions from office assets in Singapore and Australia.

RHB maintained its 'buy' call for the REIT with an unchanged target price of $1.79.

The REIT will be distributing its 3Q distributable income in full due to 'encouraging signs of recovery'.

DBS Research Group encourages investors to ride the Suntec REIT wave as circuit breakers slowly begin to lift.

SINGAPORE (Jan 23): ARA Trust Management, the manager to Suntec REIT, announced DPU for 4Q18 declined by 0.5% to 2.59 cents, compared to 2.60 cents in 4Q17.

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 (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 (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.