Suntec REIT - Phillip Securities 2025-02-10: Resilient Singapore Performance Sustained

• Suntec REIT's gross revenue for FY24 inched up by 0.2% y-o-y to S$463.6mil, underperforming our forecast at 93% of full-year estimates. The improvement was supported by strong rental reversions of 22.9% for retail and 10.6% for office spaces.
• - Read this at SGinvestors.io -
• Suntec REIT successfully divested S$58.3mil of strata units at a price 24% above book value, reflecting the underlying value of the assets. However, it fell short of its FY24 divestment target of S$100mil.
• - Read this at SGinvestors.io -

The Positives

Singapore's performance remains robust.

• Read more at SGinvestors.io.

Above is an excerpt from a report by Phillip Securities Research.
Clients of Phillip Capital may be the first to access the full PDF report @ https://www.stocksbnb.com/.

Previous report by Phillip:
2024-10-29 Suntec REIT - Overseas Performance Subdued.

Price targets by 2 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 Dividend Payout Dates & Corporate Actions,
Suntec REIT News