| Dividend Yield | 5.19% |
| P/B Ratio | 0.62 |
| Aggregate Leverage Ratio | 41 |
| Occupancy Rate | 93% |
| WALE | 2.3 year(s) |
| Interest Coverage Ratio | 2 times |
| Fixed Rate Debt | 66% |
| Ex-dividend Date | 30 Oct 2025 |
| Record Date | 31 Oct 2025 |
| Payout Date | 28 Nov 2025 |
| Type | Office & Retail |
Remarks
Suntec REIT reported a relatively 'muted' set of financial results for the third quarter of FY2025. Gross revenue declined by 0.2% YoY, and the net property income (NPI) decreased by 1.6% YoY. DPU rose by 12.5% YoY. Overall, 3Q FY2025 was a decent result for Suntec REIT compared to some of its previous quarters.
David Ang - 24 Oct 2025Suntec REIT's debt profile strengthened slightly in 3Q2025, with the aggregate leverage ratio declining to 41% (from 41.1% in the previous quarter), while the adjusted interest coverage ratio (ICR) stayed at 2.0x. The overall debt profile remains unfavorable.
David Ang - 24 Oct 2025Suntec REIT's debt hedged to a fixed rate is relatively low at 66%. 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 - 24 Oct 2025Suntec REIT has no more refinancing obligations in 2025 and only ~2.46% in 2026.
David Ang - 24 Oct 2025Suntec REIT has around 14% 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 - 24 Oct 2025Geographical Exposure
| Singapore | 75% |
| Australia | 14% |
| United Kingdom | 11% |
Sectoral Exposure
| Office | 71% |
| Retail | 24% |
| Convention | 5% |
Dividend Distribution History (DPU)
Debt Maturity Profile
In $ millions
Show debt maturity profile details
| Fiscal Year | Debt (in $ millions) | Percentage |
|---|---|---|
| FY25 | 0 | 0% |
| FY26 | 100 | 2.46% |
| FY27 | 900 | 22.17% |
| FY28 | 1,378 | 33.94% |
| FY29 | 1,150 | 28.33% |
| FY30 | 356 | 8.79% |
| FY31 | 175 | 4.31% |
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.