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Securities

Suntec REIT

T82U.SI : Singapore Exchange

1.180

+3.51%

Share Price in SGD. As of 26 Jul 17:06:53 SGT

Suntec REIT announced dividend per share (DPS) of S$0.02

25 Jul 2024 • Upcoming dividend

All

Chart

Key stats

  • 52-Week High
    SGD 1.300
  • 52-Week Low
    SGD 1.030
  • Market Cap
    SGD 3.4B
  • Avg Volume
    8.6M
  • P/E Ratio (TTM)
    19.67
  • Forward Dividend Yield
    5.1%

Share Price Performance

T82U.SI
Market
1 Day 4.42% 0.24%
5 Day 0.85% -0.31%
1 Month 11.32% 2.49%
6 Month 0.00% 9.02%
YTD -4.07% 6.08%
1 Year 1.72% 6.50%
5 Year -37.89% 9.82%
Include dividend return
Beansprout Analysis

Beansprout's Checklist

Fundamental

  • Occupancy Rate of 95.1% is higher than sector average of 93.3%

  • Net property income yield of 2.57% is lower than its dividend yield of 5.1%

Financial

  • Gearing Ratio of 0.42x is higher than sector average of 0.40x

  • Interest Coverage Ratio of 1.9x is below 2.5x

  • Net Book Value of $2.12 is higher than its net book value of $2.10 in the previous year

Valuation

  • Dividend Yield of 5.1% is lower than sector average of 7.8%

  • Distribution per unit growth is -19.70%

  • Price to Book of 0.53x is lower than sector average of 0.65x

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Revenue Breakdown by Asset

Revenue Breakdown by Geography

Market Analysis

Consensus Share Price Target

Price Target: $1.165

Sell
Underperform
Neutral
Outperform
Buy

Source: SGX as of 26 Jul 2024

Analyst Ratings

  • CGS-CIMB

    24 Jan 2024

    Hold

    1.290

    (prev 1.280)

  • DBS Research

    11 Apr 2024

    Hold

    1.150

  • Maybank Research

    26 Apr 2024

    Hold

    1.100

    (prev 1.200)

  • OCBC Investment

    25 Jan 2024

    Hold

    1.120

    (prev 1.060)

  • Phillip Securities

    26 Apr 2024

    Buy

    1.410

    (prev 1.470)

  • RHB Invest

    01 Apr 2024

    Buy

    1.350

  • UOB Kay Hian

    29 Apr 2024

    Hold

    1.280

Valuation

Price to book (P/B) ratio

Current P/B
0.5
Historical Average P/B
0.7

Suntec REIT's current P/B ratio of 0.5x is lower than its historical average P/B ratio of 0.7x.

Earnings

Earnings per share (EPS)

The latest earnings per share is $0.06, which is lower than the earnings per share of $0.16 in 2022.

Financials

Financial Statements

25 Jul 2024

Half Yearly Results

For period ending 30 Jun 2024

24 Jan 2024

Full Yearly Results

For period ending 31 Dec 2023

26 Jul 2023

Half Yearly Results

For period ending 30 Jun 2023

Annual Reports

30 May 2024

Sustainability Report

For period ending 31 Dec 2023

27 Mar 2024

Annual Report

For period ending 31 Dec 2023

News
Profile

Company Description

Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapores largest integrated commercial development (including one of Singapores largest shopping Mall), a 60.8% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay, a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall, and a 30.0% interest in 9 Penang Road which is under construction. Suntec REIT holds a 100% interest in a commercial building located at 177 Pacific Highway, Sydney, a 50.0% interest in Southgate Complex, Melbourne, and a 50.0% interest in a commercial building under development which is located at Olderfleet 477 Collins Street, Melbourne, Australia. Its aim is to invest in income-producing real estate which is primarily used for office and/or retail purposes. Suntec REIT is managed by an external manager, ARA Trust Management (Suntec) Limited.

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