| Dividend Yield | 5.23% |
| P/B Ratio | 0.68 |
| Aggregate Leverage Ratio | 41.6 |
| Occupancy Rate | 94% |
| WALE | 2.3 year(s) |
| Interest Coverage Ratio | 2.2 times |
| Fixed Rate Debt | 65% |
| Ex-dividend Date | 30 Apr 2026 |
| Record Date | 4 May 2026 |
| Payout Date | 29 May 2026 |
| Type | Office & Retail |
Remarks
Suntec REIT's debt profile remained stable in 1Q2026, with the aggregate leverage ratio rising slightly to 41.6% (from 41.5% in the previous quarter), while the adjusted interest coverage ratio (ICR) strengthened slightly to 2.2x from 2.1x. The overall debt profile remains unfavorable.
David Ang - 25 Apr 2026Suntec REIT's debt hedged to a fixed rate is relatively low at 65%. 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 - 26 Jan 2026Suntec REIT reported a relatively 'muted' set of financial results for 1Q2026. Gross revenue increased by 0.8% YoY, while the net property income (NPI) decreased by -0.7% YoY. DPU rose by 23.9% YoY. Overall, 1Q FY2026 was a relatively good result for Suntec REIT compared to some of its previous quarters.
David Ang - 25 Apr 2026Suntec REIT has only ~3.89% ($160 million) refinancing cost in 2026.
David Ang - 25 Apr 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 - 25 Apr 2026Geographical Exposure
| Singapore | 73% |
| Australia | 16% |
| United Kingdom | 11% |
Sectoral Exposure
| Office | 71% |
| Retail | 27% |
| Convention | 2% |
Dividend Distribution History (DPU)
Debt Maturity Profile
In $ millions
Show debt maturity profile details
| Fiscal Year | Debt (in $ millions) | Percentage |
|---|---|---|
| FY26 | 160 | 3.89% |
| FY27 | 900 | 21.88% |
| FY28 | 1,377 | 33.48% |
| FY29 | 1,150 | 27.96% |
| FY30 | 351 | 8.53% |
| FY31 | 175 | 4.25% |
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.