Friday 23 October 2015

Suntec REIT - OCBC Investment 2015-10-23: Outlook remains uncertain

Suntec REIT - OCBC Investment 2015-10-23: Outlook remains uncertainSUNTEC REIT SUNTEC REAL ESTATE INV TRUST T82U.SI 

Suntec REIT: Outlook remains uncertain 

 3Q15 DPU rose 8.3% YoY 
 Uncertain leasing outlook 
 Some negatives likely priced in 


3Q15 results within our expectations 

  • Suntec REIT reported a 20.4% YoY increase in its 3Q15 gross revenue to S$86.1m. This was driven by the opening of Phase 3 of Suntec City mall following the completion of the AEI and better performance from Suntec Singapore. 
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