Shares & Derivatives
300% return of share price with Suntec REIT
By PropInvestSG  •  September 22, 2017
Suntec REIT has been a standout performer, with its share price rising from about S$0.5 in the depths of the financial crisis to about S$1.90 recently. With such a run up in prices, is there still room for growth in the future? How will Singapore’s and Australia’s retail and office market performance impact the REIT? This post looks through Suntec REIT’s 2Q 2017 results presentation and will make it simple for a first time investor thinking of purchasing the REIT or a seasoned professional looking to refresh on Suntec REIT’s performance. Let’s get started. Respectable 2Q2017 increase of 4.3% year on year in distributable income to S$66m. For yield investors, annualized yield is 5.18%. Personally, I feel this is on the low side compared to 6% average for all S-REITs. Financing cost is healthy at 2.41%, reflecting the low interest rate environment. Occupancy for both the office and retail portfolios......
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By PropInvestSG
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