Suntec Reit's Singapore Portfolio Outlook Appears Positive

Dow Jones
13 hours ago

0156 GMT - Suntec REIT's Singapore office and retail portfolio outlook appears positive, says Vijay Natarajan at RHB Research in a report. The 1H rent reversion in its Singapore office portfolio stood at 10.1%, with full-year guidance of mid- to high-single digits, the analyst notes. Occupancy for the REIT's office portfolio is likely to stay high as demand remains healthy. The REIT's Singapore retail portfolio rent reversion is supported by healthy tenant sales growth at Suntec City mall. RHB Research raises the unit's target price to 1.73 Singapore dollars from S$1.72 after slightly tweaking the REIT's finance cost assumptions, with an unchanged buy rating. Units are 1.3% lower at S$1.50. (ronnie.harui@wsj.com)

 

(END) Dow Jones Newswires

July 26, 2026 21:56 ET (01:56 GMT)

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