Suntec Real Estate Investment Trust reported distributable income of 116.5 million Singapore dollars for the half year ended Jun, 30 2026, up 25.5% from the corresponding period in 2025.

Distribution per unit increased 24.8% year-on-year to 3.936 cents. The trust has already paid 1.936 cents on May, 29 2026 and will pay the remaining 2.000 cents on Aug, 28 2026 to unitholders on record as of Jul, 31 2026.

Gross revenue rose to 238.9 million Singapore dollars from 226.1 million Singapore dollars, while net property income grew to 159.0 million Singapore dollars from 151.1 million Singapore dollars.

Portfolio performance was led by the Singapore segment, where committed office occupancy reached 99.5% and retail occupancy reached 99.5%. The portfolio achieved positive office rent reversion of 10.1% and retail rent reversion of 10.7% during the period.

Aggregate leverage increased to 43.0% from 41.5% at Dec, 31 2025, with total debt rising to 4.264 billion Singapore dollars. The weighted average debt maturity stood at 2.12 years and the proportion of borrowings on fixed rates was approximately 57%.

Suntec REIT redeemed 150 million Singapore dollars of 4.25% perpetual securities during the half year. The all-in financing cost declined to 3.55% per annum from 3.71% per annum a year earlier.

Across its overseas assets, Australia recorded a committed occupancy of 90.1%, while the United Kingdom portfolio posted a committed occupancy of 92.5%. Overall, the trust’s income contribution by geography comprised 74% from Singapore, 15% from Australia and 11% from the United Kingdom.

Management said the office portfolio is expected to remain resilient amid limited new supply and tight vacancies, while retail performance should be supported by high occupancy, positive rent reversions and upcoming major events in Singapore.