-
Suntec REIT (SGX:T82U) delivered a strong set of results for 1H26, with a 24.8% increase in DPU y-o-y to 3.936 cents (or ~3.3% higher q-o-q), supported by higher rents and occupancy across its Singapore portfolio, improved contributions from its joint ventures and lower financing costs. This is slightly ahead of both our estimates and consensus, with 1H26 Suntec REIT's DPU forming more than 52% of our FY26 estimates.
Gross revenue rose 1.9% y-o-y to S$238.9mil.
- - Read this at SGinvestors.io -
-
The higher distributable income was primarily driven by Singapore leasing and lower financing costs, even as overseas vacancies and the absence of prior-year one-offs weighed on NPI. In particular, Suntec City Mall and Office achieved occupancies of 99.6% and 100%, respectively, while completed retail AEIs supported incremental income.
- - Read this at SGinvestors.io -
Our views.
- Read more at SGinvestors.io.
Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.
Dale Lai DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-07-24
Previous report by DBS:
2026-04-24 Suntec REIT 1Q26 Business Update - Recovery Gathering Pace.
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
