Suntec Real Estate Investment Trust reported distributable income of 57.3 million Singapore dollars for the quarter ended Mar, 31 2026, a 24.8 per cent increase from the same period a year earlier.

Distribution per unit rose 23.9 per cent year on year to 1.936 cents. The distribution is for the period from Jan, 1 2026 to Mar, 31 2026, with an ex-date of Apr, 30 2026, record date of May, 4 2026 and payment on May, 29 2026.

The trust said the improvement was driven by stronger performance at its Singapore office and retail assets, higher income from its 55 Currie Street property in Adelaide and lower financing costs. These factors offset weaker contributions from the Suntec Singapore Convention & Exhibition Centre and The Minster Building in London.

Aggregate leverage inched up to 41.6 per cent as at Mar, 31 2026 from 41.5 per cent three months earlier, while the weighted average debt maturity shortened to 2.44 years. About 65 per cent of borrowings are on fixed rates, with the all-in financing cost easing to 3.56 per cent. Approximately 160 million Singapore dollars of debt is due for refinancing in financial year 2026.

Committed occupancies stood at 98.8 per cent for the Singapore office portfolio, 99.0 per cent for Singapore retail assets, 90.7 per cent for Australian properties and 92.5 per cent for the United Kingdom portfolio as at Mar, 31 2026.

Suntec REIT reiterated its focus on maintaining high occupancy, driving positive rent reversions—near 5 per cent for Singapore offices and close to 10 per cent for Singapore retail—and active leasing for its Australian and UK assets amid competitive market conditions.