Gross revenue increased 1.9% y-o-y, while NPI slipped 0.3% due to the absence of the S$8.4mil one-off compensation from 177 Pacific Highway recognised in 1H25, as well as higher operating expenses from vacancies at The Minster Building.
Aggregate leverage increased to 43.0% from 41.6% in 1Q26 following the redemption of S$150mil in perpetual securities.
The Positive
(+) Core Singapore operations remain key earnings driver.
- 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/.
Darren Chan Phillip Securities Research | https://www.poems.com.sg/ 2026-07-27
Previous report by Phillip:
2026-04-27 Suntec REIT - Strength In Singapore 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
