Suntec REIT lifts 3Q25 distributable income by 13.4%

SGX Filings
2025/11/19

Suntec REIT reported a distributable income of 52.4 million Singapore dollars for the quarter ended Sep, 30 2025, an increase of 13.4 % from a year earlier. Distribution per unit rose 12.5 % to 1.778 Singapore cents.

Gross revenue slipped marginally to 117.5 million Singapore dollars from 117.7 million Singapore dollars, while net property income eased to 78.5 million Singapore dollars from 79.8 million Singapore dollars. Income from joint ventures improved 6.0 % to 26.5 million Singapore dollars, supported by better performance at One Raffles Quay and Marina Bay Financial Centre.

The trust cited lower financing costs of approximately 6 million Singapore dollars and a 2 million Singapore-dollar reversal of withholding-tax provisions as key contributors to the higher distributable income.

Portfolio occupancy remained high in Singapore, with office assets 98.5 % let and retail space 99.3 % occupied. Australia recorded overall occupancy of 87.3 %, while the U.K. portfolio stood at 92.5 %.

As at Sep, 30 2025, aggregate leverage was 41.0 % and all-in financing cost averaged 3.62 % per annum, down from 3.82 % three months prior. About 66 % of borrowings are fixed or hedged, and weighted average debt maturity is 2.97 years.

The distribution for the period from Jul, 01 2025 to Sep, 30 2025 will be paid on Nov, 28 2025, with an ex-date of Oct, 30 2025 and record date of Oct, 31 2025.

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