SINGAPORE – Suntec Real Estate Investment Trust (Suntec REIT) reported distributable income of S$207.3 million for the year ended 31 Dec 2025 (FY25), up 14.6% year-on-year, as higher contributions from its Singapore office, retail and convention assets and lower financing costs more than offset softer results offshore.
DPU rose 13.6% YoY to 7.035 Singapore cents. The trust did not disclose payment dates for the distribution.
The manager said the Singapore office portfolio continued to benefit from tight vacancies in the core central business district, delivering rent reversions of about 5%. Suntec City Mall registered close to 10% positive rent reversion on the back of higher occupancy and marketing revenue, while Suntec Convention saw stronger yields from higher-margin events.
Overseas assets remained a drag. The Minster Building in London and 55 Currie Street in Adelaide faced elevated vacancies, while leasing incentives in Melbourne and Adelaide stayed in the 40%–50% range.
To sustain growth, Suntec REIT is pursuing several initiatives: • Proactive tenant engagement and subdivision of larger floor plates in Singapore offices. • Refreshing Suntec City Mall’s trade mix to defend footfall ahead of the Johor Bahru-Singapore Rapid Transit System opening. • Enhancement works and further subdivision at Nova Properties and The Minster Building to improve take-up in London. • Flexible marketing, including fitted suites, to support demand in Australia.
Chief executive officer Chong Kee Hiong said the results underscore the resilience of the REIT’s Singapore platform and added that disciplined capital and portfolio management would remain central to delivering long-term value for unitholders.
Looking ahead, the manager expects Singapore office occupancy to stay high with mid-single-digit positive rent reversions, while the retail portfolio is seen maintaining elevated occupancy and near-double-digit rent growth. Suntec Convention is positioned to capture more high-yield events, whereas the overseas portfolio is expected to stabilise once ongoing asset enhancements are completed.