Ending FY25 on a strong footing.
- Suntec REIT reported a solid set of FY25 results.
- Although gross revenue and net property income (NPI) increased by a modest 1.7% and 1.9% y-o-y respectively, DPU jumped 13.6% to 7.035 Singapore cents. This was boosted by lower finance costs, which improved by 12.8% y-o-y to S$154.6m, coupled with some one-off items such as the reversal of higher withholding tax provisions on distributions receivable from Australia.
- - Read this at SGinvestors.io -
- FY25 Suntec REIT's DPU of 7.035 Singapore cents firmly exceeded our forecast by 8.0%.
Decent rental reversion guidance for its Singapore retail and office operations in FY26.
- Read more at SGinvestors.io.
Above is an excerpt from a report by OCBC Group Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.
Andy Wong CFA OCBC Investment Research | https://www.iocbc.com/ 2026-01-23
Read also OCBC's most recent report:
2026-07-24 Suntec REIT - Delivering Another Quarterly Beat.
Previous report by OCBC:
2026-04-24 Suntec REIT - Domestic Strength Continues.
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 Dividend Payout Dates & Corporate Actions,
Suntec REIT News
