Suntec Real Estate Investment Trust
| Dividend Yield | 5.97% |
| P/B Ratio | 0.65 |
| Adjusted ICR | 2.20 times |
| Aggregate Leverage Ratio | 43.0% |
| Occupancy Rate | 94.0% |
| WALE | 2.4 years |
| Fixed Rate Debt | 57.0% |
| Ex-dividend Date | 30 Jul 2026 |
| Record Date | 31 Jul 2026 |
| Payout Date | 28 Aug 2026 |
| Type | Office & Retail |
Remarks
Suntec REIT reported a relatively decent set of financial results for 1H2026. Gross revenue increased by 2.2% YoY, while the net property income (NPI) increased by 2.3% YoY. DPU rose by 24.8% YoY. Overall, 1H FY2026 was a relatively good result for Suntec REIT compared to some of its previous quarters.
David Ang- Jul 24, 2026Suntec REIT has only ~4.65% ($210 million) refinancing cost in 2026.
David Ang- Jul 24, 2026Suntec REIT's debt profile weakened slightly in 2Q2026, with the aggregate leverage ratio rising to 43% (from 41.6% in the previous quarter), while the adjusted interest coverage ratio (ICR) remained stable at 2.2x. The overall debt profile remains unfavorable.
David Ang- Jul 24, 2026Suntec REIT has around 16% exposure to the Australian market. The weaker AUDSGD exchange rate reduced its Australian revenue. With office vacancies likely to increase due to the incoming supply and competition, Suntec may find it harder to divest its Australian portfolio in unfavorable market conditions.
David Ang- Apr 25, 2026Suntec REIT's debt hedged to a fixed rate is relatively low at 57%. This low rate makes the REIT susceptible to interest rate volatility. However, as we appear to have entered a new rate-cut cycle, Suntec REIT may benefit more quickly given its higher proportion of floating-rate debt.
David Ang- Jul 24, 2026Geographical Exposure
Singapore | 73% |
Australia | 16% |
United Kingdom | 11% |
Sectoral Exposure
Office | 71% |
Retail | 27% |
Convention | 2% |
Dividend Distribution History (DPU)
Debt Maturity Profile
Disclaimer: We do not guarantee the data above is accurate. The information presented here is for general information only. It is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice or recommendation of any sort. Please do your own research before investing.