- Suntec REIT’s 3Q25 gross revenue and net property income (NPI) fell 0.2% and 1.6% y-o-y to S$117.5m and S$78.5m respectively. This was attributed to stronger operating performance across its Singapore properties but offset by loss of revenue from the surrender of three floors at its 177 Pacific Highway property in Sydney and weaker contribution from The Minster Building in London.
- - Read this at SGinvestors.io -
3Q25 DPU jumped 12.5% y-o-y to 1.778 Singapore cents and beat our expectations.
- Joint venture income jumped 6.0% to S$26.5m. This, coupled with lower financing costs (~S$6m) and a reversal of withholding tax provision (~S$2m) in Australia, resulted in 3Q25 Suntec REIT's DPU rising 12.5% y-o-y to 1.778 Singapore cents.
- - Read this at SGinvestors.io -
- Cumulatively, 9M25 Suntec REIT's DPU rose 6.7% y-o-y to 4.933 Singapore cents. This exceeded our expectations as it accounted for 79.6% of our initial FY25 forecast.
Rental reversions in Singapore moderated as previously guided.
- Read more at SGinvestors.io.
