- Suntec REIT’s 3Q24 business update reflected another quarter of divergence between its mostly solid operational trends and weak DPU performance due largely to borrowing cost pressures.
3Q24 DPU slipped 11.9% y-o-y to 1.58 Singapore cents and met our expectations
- - Read this at SGinvestors.io -
- Its joint venture income rose 5.0% to S$25.0m but overall DPU fell 11.9% y-o-y to 1.58 Singapore cents. This was due to higher borrowing costs and absence of capital distributions which amounted to 0.198 Singapore cents in 3Q23.
- - Read this at SGinvestors.io -
Robust rental reversions and improved occupancy for both office and retail portfolios
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
OCBC Research Team OCBC Investment Research | https://www.iocbc.com/ 2024-10-28
Previous report by OCBC:
2024-09-20 Suntec REIT - Not Getting Carried Away.
Price targets by 5 other brokers at Suntec REIT Target Prices.
Listing of research reports at Suntec REIT Analyst Reports.
Relevant links:
Suntec REIT Share Price History,
Suntec REIT Announcements,
Suntec REIT Dividends & Corporate Actions,
Suntec REIT News Articles
