Shares & Derivatives
Suntec Reit – First Quarter results update is out. 24.8% Year-on-Year Increase in Distributable to $57.3 million. DPU was 1.936 cents or 23.9 percent
By Singapore Stocks Sharing  •  April 23, 2026
Suntec REIT Achieves 24.8% Year-on-Year Increase in Distributable to $57.3 million For the period from 1 January to 31 March 2026 (“1Q 26”), 24.8% higher than the quarter ended 31 March 2025 (“1Q 25”), Distribution per unit (“DPU”) to unitholders was 1.936 cents or 23.9% higher year-on-year. The robust year-on-year improvement was driven by the stronger operational performance of the Singapore Office and Retail portfolio, lower financing costs as well as lower Australia withholding tax provision as the REIT retained the Australia Managed Investment Trust status1. This more than offset the weaker performance of The Minster Building in London due to the lease expiry of a tenant in mid-June 2025. The office market is expected to remain resilient on the back of limited core CBD office supply and tight vacancies. The Singapore Office portfolio occupancy is expected to remain high with positive rent reversion expected to be near 5%. The Singapore Office portfolio performance is expected to improve, supported by healthy occupancies and past quarters...
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By Singapore Stocks Sharing
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