Suntec Real Estate Investment Trust (T82U) has reported distributable income of 52.4 million Singapore dollars for the quarter ended Sep, 30 2025, up 13.4 % year on year. Distribution per unit (DPU) grew 12.5 % to 1.778 Singapore cents, bringing year-to-date Sep 2025 DPU to 4.933 Singapore cents. The distribution will be paid on Nov, 28 2025, with an ex-date of Oct, 30 2025 and record date of Oct, 31 2025.

Gross revenue slipped 0.2 % to 117.5 million Singapore dollars, while net property income eased 1.6 % to 78.5 million Singapore dollars. Joint-venture income improved 6.0 % to 26.5 million Singapore dollars, helped by stronger operating performance and lower interest expense at One Raffles Quay and Marina Bay Financial Centre. Lower financing costs (down 6 million Singapore dollars) and a 2 million Singapore dollar reversal of withholding-tax provisions also boosted bottom-line distributable income.

As at Sep, 30 2025, Suntec REIT’s aggregate leverage stood at 41.0 % with total debt of 4.07 billion Singapore dollars and a weighted average debt maturity of 2.97 years. About 66 % of borrowings are fixed or hedged, and the all-in financing cost fell to 3.62 % per annum. The manager said all refinancing due in 2025 has been completed and expects the all-in financing cost to remain below 4 % amid softer Singapore dollar interest rates.

Operationally, the Singapore office portfolio recorded 98.5 % committed occupancy with an 8.5 % positive rent reversion year to date. Singapore retail assets were 99.3 % occupied and delivered a 15.4 % rent reversion. Australia’s portfolio occupancy was 87.3 %, reflecting vacancies at 55 Currie Street and Southgate Complex, though rent reversion remained positive at 11.9 %. In the United Kingdom, occupancy stood at 92.5 %, with Nova Properties stable and The Minster Building affected by vacancies.

Suntec REIT reaffirmed that its Australian assets retain “Managed Investment Trust” status for FY 2025, keeping withholding-tax rates at 10 % and 15 %. The trust remains committed to its environmental, social and governance roadmap, noting that all properties are green-building certified, six hold top-tier sustainability ratings and approximately 82 % of total debt is linked to green or sustainability metrics. The REIT targets net-zero Scope 1 and Scope 2 carbon emissions across the portfolio by 2050.

Looking ahead, management expects moderate office rent growth in Singapore due to limited new supply, stable performance in Australia and Singapore retail, and continued leasing efforts to reduce vacancies in Adelaide, Melbourne and London assets.