- Suntec REIT's share price is trading at a ~34% discount to book value. It remains a potential M&A target and internalisation candidate.
- Suntec REIT's 3Q results were slightly above expectations, boosted by tax writebacks in Australia.
- - Read this at SGinvestors.io -
3Q DPU up 12% y-o-y.
- Suntec REIT's DPU for 3Q25 is up 12% y-o-y, driven by a stronger performance across its Singapore assets, lower financing costs, as well as a reversal of withholding tax provisions for its Australian assets. An additional S$2m in Australian tax provision reversals is expected to flow through to DPU in the next quarter.
- - Read this at SGinvestors.io -
- Suntec City mall saw an additional 13 units created from space optimisation, with an ROI of >40%, while overall retail occupancy rose 1.3ppts q-o-q to 99.3%.
Financing costs have declined.
- Read more at SGinvestors.io.
