SUNTEC Real Estate Investment Trust (Suntec Reit) posted on Tuesday a 3.7 per cent fall in distribution per unit (DPU) to 2.261 Singapore cents for the fourth quarter compared with 2.347 cents for the year-ago period.

ARA Trust Management, the manager of Suntec REIT, has reported distribution per unit (DPU) of 4.109 cents for the 2HFY2020 ended December, 12.8% lower than DPU of 4.712 cents a year ago, due to the absence of capital distribution for the period. “The second half and fourth quarter performance cont...

THE following companies saw new developments that may affect trading of their shares on Tuesday.

As financial markets continue to rebound from the impact of Covid-19, several Singapore-listed REITs (S-REITs) could ride on the recovery, according to analysts. Phillip Securities says its top picks are Manulife US REIT (MUST) and Ascendas REIT (A-REIT). The brokerage notes that the former has a lo...

What a year 2020 was, with the coronavirus upending industries, supply chains and the livelihoods of many. On Dec 31, 2020, the last trading day of the year, the benchmark Straits Times Index (STI) slid 25.41 points or 0.89% to 2,843.81 points at the closing bell.  Year-on-year (y-o-y) this is ...

MAYBANK Kim Eng has initiated "sell" on both Suntec Real Estate Investment Trust (Suntec Reit) and Keppel Reit with target prices of S$1.20 and S$0.90 respectively.

Analysts have mixed views on the outlook of Suntec REIT, with RHB and Maybank analysts giving the counter a “buy” and “sell” rating respectively.  In his initiation report, Maybank Kim Eng’s Chua Su Tye has given a target price of $1.20 for the REIT, as he expects “challenging headw...

MAYBANK Kim Eng has initiated "sell" on both Suntec Real Estate Investment Trust (Suntec Reit) and Keppel Reit with target prices of S$1.20 and S$0.90 respectively.

RHB on Wednesday said Suntec Real Estate Investment Trust (Suntec Reit) remains its preferred pick in the office/retail Reit space due to its attractive valuation and earnings recovery from its recently completed and acquired assets.

DBS Group Research’s Rachel Tan and Derek Tan have maintained a positive sentiment on office spaces in Singapore, despite a rising trend of flexible working arrangements.  They expect demand for office space emerging “with a new face” post Covid-19. With technology enablers and positive f...