. Suntec REIT also holds a 50.0% interest in Nova Properties and a 100% interest in The Minster Building both located in London, United Kingdom. 31 Dec '19. On one hand, there have been a number of great . One way of doing this is capitalization of the operating income, basing it on market rates.A cap rate for . The value of units in Sabana REIT . SUNTEC Real Estate Investment Trust (Suntec Reit) posted on Tuesday a 3.7 per cent fall in distribution per unit (DPU) to 2.261 Singapore cents for the fourth quarter compared with 2.347 cents for the year-ago period. Suntec REIT reported 4QFY11 NPI of S$52.0m and distributable income of S$55.3m, up 10.1% and 23.1% YoY respectively. . Portfolio Valuation. 3. of SUNTEC REIT FINANICAL RESULTS . 3 Valuation as at 22 October 2020. 5.7% above latest valuation of S$931.8 million. Over the last 15 years, we have built a strong portfolio comprising high quality assets in Singapore, key cities in Australia and in London, United Kingdom, and . Dividend Yield (TTM) = 5.12%. Over the last 15 years, we have built a strong portfolio comprising high quality assets in Singapore, key cities in Australia and in London, United Kingdom, and . Presently, Suntec REIT's AUM stands at S$11.6 billion across 10 properties in Singapore (71% of AUM), Australia (16% of AUM), and the UK (13% of AUM). Highest debt maturity within 5 years is slightly low at 29.1% which falls in 2026. About Suntec REIT. Skip to content. The new SUNSP 3.400% 10May2023 Corp (SGD) is unrated, while Suntec REIT has an issuer rating of Baa3 by Moody's. We provide some comments on the REIT's recent results and the bond pricing. Daiwa raised its target price on Suntec REIT slightly to S$1.66 from S$1.64, despite revenue and net property income coming in below its forecasts, largely due to the 10-year Singapore government bond yield's decline to 1.4 percent. Despite COVID-19 restrictions, Suntec REIT performance and fundamentals have improved as compared to the previous quarter. 03. . In terms of price psf, it's the highest since a similar-sized of- fice unit on the 43rd floor of the same . "While Suntec REIT remains Singapore-centric, we will further boost . Purchase Price. For the REIT - Diversified subindustry, Suntec Real Estate Investment Trust's Intrinsic Value: Projected FCF, along with its competitors' market caps and Intrinsic Value: Projected FCF data, can be viewed below: * Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap . Portfolio Valuation. As the stock appears fairly priced at current level, we maintain our HOLD rating on Suntec REIT. FTSE ST Indices & STI Constituents . Gross revenue fell 14% year-on-year to S$315.4 million in FY2020 from S$366.7 million in FY2019. Get all the key statistics for Suntec Real Estate Investment Trust (T82U.SI), including valuation measures, fiscal year financial statistics, trading records, share statistics and more. Suntec REIT also holds a 50.0% interest in Nova Properties located in London, United Kingdom. However, as Suntec REIT appears to be fairly priced at current level, we . Suntec City Office Strata Units - S$197.0 mil, NPI Yield 3.1%. Suntec Real Estate Investment Trust (Suntec REIT) is a Singapore-focused Real Estate Investment Trust (REIT), listed on the Singapore Exchange Securities Trading Limited in December 2004. . Store Capital currently pays a dividend of $1.40 a share. Ex Date. Presently, Suntec REIT's AUM stands at S$11.6 billion across 10 properties in Singapore (71% of AUM), Australia (16% of AUM), and the UK (13% of AUM). Forging ahead to create, provide and deliver premium value to all stakeholders of Suntec REIT. Strata office unit at Suntec Tower 1 hits $3,417 psf. Listed on the Singapore Stock Exchange in 2004, Suntec Real Estate Investment Trust ("Suntec REIT") is one of the pioneer real estate investment trusts in Singapore. Posted By : / womens burton avalon bib pant / Under :matthew 8 28-34 sermons . To calculate the NAV, an analyst generates a subjective valuation of the REIT's assets. 1y Target Est. Cushman & Wakefield (Valuations) Pty Ltd. 177 Pacific Highway, North Sydney (Australia) - Please see attached for details of the property. Particulars. Agenda. Forward Dividend & Yield. However, the gearing ratio is still on the high side, the current gearing ratio of 44.3% is the 2nd highest among Singapore REITs. SUNTEC Real Estate Investment Trust (Suntec Reit) has sold its 30 per cent interest in 9 Penang Road, formerly known as Park Mall, to Haiyi Holdings. Target price: S$1.90. Suntec REIT has completed the acquisition of The Minster Building, a Grade-A 999-year distribution for past divestment gains of S$46m in 2H21. For the existing portfolio, worth S$10.7 billion, Singapore takes up around 83% of the total asset valuation, with Australia making up the remaining 17%. Notes: Reflects Suntec REIT's interest in the property. September 22, 2021 - Suntec REIT announced that it has completed the divestment of a Portfolio of Strata Units in Suntec City Office in relation to the proposed divestment of a portfolio of office strata units located at 7 Temasek Boulevard, Suntec Tower One, Singapore and 9 Temasek Boulevard, Suntec Tower Two, Singapore. The total value of my financial assets declined slightly from 60.56% to 60.01%. Suntec Real Estate Investment Trust Announces Distribution for the Period of January 1, 2022 to March 31, 2022, Payable on May 30, 2022. 31 Dec '20. The Group has divested the property to Park Mall Pte Ltd with a joint venture formed together with SingHaiyi Group (35% stake) and Haiyi Holdings (35% stake). HSBC Institutional . and/or forecasts are for informational or entertainment value ONLY and should NOT be construed as a recommendation to invest, trade, or speculate in the stock . WADM is moderate at 2.92 years. CREDIT RATINGS, NON-CREDIT ASSESSMENTS ("ASSESSMENTS"), AND OTHER OPINIONS INCLUDED IN MOODY'S PUBLICATIONS . . SUNTEC REAL ESTATE INVESTMENT TRUST ("SUNTEC REIT") PROPERTY VALUATIONS . We raised our 2022 DPU forecasts for Suntec REIT by 3.9% after factoring in the acquisition of The Minster Building and divestment of strata units at Suntec City Office. Suntec REIT has agreed to acquire a 100% interest in a Grade A office building with ancillary retail, The Minster Building, in London for £353 million. 2 (S$2,335 psf) 30.3% higher than total development cost. Southgate Complex is worth S$391.5 million as of the latest valuation on 31st December 2019, and makes an annual net income contribution of S$2.7 million. Suntec REIT has announced the divestment of its 30.0% interest in 9 Penang Road to Haiyi Holdings at an agreed property value of SGD295.5 million. Suntec REIT is managed by an external manager, ARA Trust Management (Suntec) Limited. . The increase in revenue from the car park will also help to defray the . 438,900,000. S$2,351.7 million. Notes: Reflects Suntec REIT's interest in the property. SUNTEC REAL ESTATE INVESTMENT TRUST ("SUNTEC REIT") PROPERTY VALUATIONS . Secondly the value chain collaborators of Suntec REIT have helped the firm to develop new products and bring them quickly to the marketplace. This bond was issued by Suntec Real Estate Investment Trust with a coupon of 4.25% and a perpetual maturity. Downgrade Suntec REIT to HOLD as share price has already rallied 22% over the past six months. This page was last updated on 5/9/2022 by MarketBeat.com Staff. Suntec REIT - Business Updates for quarter ended 31 March 2022: Announcement Reference: SG220510OTHRA1XZ: Submitted By (Co./ Ind. The REIT continues to be anchored by the resilient office sector, which contributes more than 85% of its total income. Suntec REIT announced it had divested its 30% stake in 9 Penang Road to its existing JV partner, Haiyi Holdings Pte Ltd, at an agreed property value of S$295.5m (100%: S$985m, S$2,468 per sq ft) or at an implied stabilised net yield of 3.3%. View the most recent target price / fair value estimation changes @ Analysts Say > Latest Price Targets & Stock Ratings Your Say . RHB on Wednesday said Suntec Real Estate Investment Trust (Suntec Reit) remains its preferred pick in the office/retail Reit space due to its attractive valuation and earnings recovery from its recently completed and acquired assets. Summary. in commercial assets located in the UK and its portfolio comprises 155 predominantly freehold properties with a total value of £500.1 million. YoY Variation. the SGX-listed trust said the agreed property value for the property represents a 5.7 percent premium over the latest valuation of S$931.8 million and is 30.3 percent higher than the total development cost of S . Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its . "While Suntec REIT remains Singapore-centric, we will further boost . Cost of debt is moderate at 2.35%. 3,066. 14. Suntec Real Estate Investment Trust's mailing address is 6 Temasek Boulevard 6-02 Suntec Tower Four, Singapore U0, 038986. Company Valuation To help determine the intrinsic and MOS (Margin-of-Safety) value of companies, we bring you real-time financial and fundamental analysis made simple, to provide actionable insights you can use to invest in stocks based on your own risk appetite. SG investors.io ~ Where SG Investors Share. Year. Recent Dividend Cut And Declining Book Value WMC Daniel P. Varga Mon, May . Suntec REIT is managed by an external manager, ARA Trust Management (Suntec) Limited. Target price: S$1.90. --> . (where the agreed property value represented a 5.7% premium over the latest valuation and 30.3% higher than the total land and development cost), and higher financing cost to fund acquisitions of Nova Properties and The Minster Building. This in turn raises our DDM-based fair value to S$1.23 from S$1.20 previously. . In summary, there is definitely a mixture of prospect in regards to Suntec REIT. This bond was issued by Suntec Real Estate Investment Trust with a coupon of 4.25% and a perpetual maturity. Gross revenue fell 12 per cent at S$165.9 million for H2, compared to S$188.7 million a year ago. 31/12/2021. Total. Creating Value Through Capital Recycling. Suntec REIT has 50.0% interest in Olderfleet, a 40-level state-of-the-art building located at Melbourne's CBD area. Listed on 9 December 2004, Suntec Real Estate Investment Trust invests and derives income from a portfolio of office and retail properties located in Singapore and Australia. Include perps, gearing is at 46.8%. Our target price of S$1.78 for Suntec REIT is based on DDM (cost of equity: 6.5%, terminal growth: 1.2%). The net asset value per share of Suntec REIT as at 31 December 2019 is SGD2.126. Use the intrinsic value analysis to derive the actual value of listed companies. Investment Properties. . Reason 3: Geographic diversification. For the REIT - Diversified subindustry, Suntec Real Estate Investment Trust's Intrinsic Value: Projected FCF, along with its competitors' market caps and Intrinsic Value: Projected FCF data, can be viewed below: * Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap . two in Melbourne and one in Adelaide. Suntec REIT also holds a 50.0% interest in Nova Properties and a 100% interest in The Minster Building both located in London, United Kingdom. Yield. As of 31 December 2018, its market valuation of ½ stake in Olderfleet stands at S$ 400.0 million and the construction of this building hits 52% as of 31 December 2018. Firstly, 9 Penang Road was sold at a 5.7% premium of its latest valuation. Total amount outstanding for this bond is SGD 150,000,000 #BondEvalue #BondMarket - Today Price: SGD 97.884, Yield: 4.82, Credit Risk: Unrated, Coupon: 4.25%, Maturity: 06/49 As at 31 March 2018, Suntec REIT has reported . Debt Profile. Suntec Real Estate Investment Trust (Suntec REIT) was founded in 2004 and subsequently became listed on the SGX-ST on the 9th of December in the same year. The Manager is committed towards upholding the utmost standards of accountability to Suntec REIT's unitholders. Property Valuer Valuation as at 30 June 2019 (S$'000) High-tech Industrial 1 151 Lorong Chuan Suntec 309,000 . The increase in revenue from the car park will also help to defray the . As I write, Suntec REIT is trading at S$ 1.69 a unit. Presently, Suntec REIT's AUM stands at S$11.6 billion across 10 properties in Singapore (71% of AUM), Australia (16% of AUM), and the UK (13% of AUM). As a result, its distribution per . Olderfleet, 477 Collins Street . Investment Properties. Colliers International Consultancy & Valuation (Singapore) Pte Ltd. Suntec Singapore Convention & Exhibition Centre - Please see attached for details of the property. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its . Suntec REIT has sold its 30 percent stake in UBS' Singapore headquarters at 9 Penang Road to Gordon Tang's Haiyi Holdings for $ . In achieving the mission, the Board considers sustainability issues as part of its strategic formulation and sets the strategic direction in ensuring good corporate governance, prudent financial management, fair employment . 31 Dec '19. In 2021, Suntec REIT announced two key divestments - 9 Penang Road and Suntec office strata units. The details are as follows: No. The Reit's units are trading at 0.7 time price-to-book value (P/BV), the research team said in a research note. . Suntec REIT (SGX: T82U) . The price is based based on the property's valuation as at 31 December 2014, said the REIT in an official statement on the divestment. The total appraised value of its assets was approximately SGD10.4 billion as of 31 December 2019. Interest coverage ratio is low at 2.6 times. The acquisitions provide the REIT with an opportunity to further diversify its geographic exposure. SINGAPORE (EDGEPROP) - A 3,079 sq ft, strata-titled office unit on the 37th floor of Suntec Tower 1 of Suntec City changed hands recently for $10.52 million ($3,417 psf) in August. "While Suntec REIT remains Singapore-centric, we will further boost . Using the DDM valuation model, our fair value now drops from S$1.59 to S$1.10. . On comparison with the current share price, you will be able to determine if the stocks are undervalued or overvalued. 31 Dec '20. As with any company that pays a dividend, we can easily assess the payout ratio of a REIT by dividing the dividends per share by the FFO by share, and voila, payout ratio. The property is more than 40 years old with remaining land lease tenure of 53 years. Suntec REIT - Valuation & Recommendation. 2 The valuation of the portfolio was derived by multiplying the Rate of Lettable Floor Area (S$ per square metre) per . The Minster Building, City of London - £353.0 mil, NPI Yield 4.5% . If you find any of the dividend record is wrong or duplicated, please contact me. Suntec REIT is focused on its mission in "forging ahead to create, provide and deliver value to all stakeholders". Maintain HOLD, TP reduced to S$1.76. Amount. Likewise, NPI fell 15.4% y-o-y to S$199.9 million in FY2020 from S$236.2 million in FY2019. Suntec REIT announced last Friday that BFC Development Pte Ltd, which owns MBFC Properties, had been successfully converted from a private limited company to a limited liability partnership. 2015-07-01 - Maybank Kim Eng Research 2015-07-01 Real Estate Sector (Part 5): Office REITs - Office REITs - BUY Keppel REIT (TP 1.32), HOLD CapitaCommercial Trust (TP $1.77), Suntec REIT (TP $1.89) Gearing ratio is high at 43.7%. Creating Value Listed on the Singapore Stock Exchange in 2004, Suntec Real Estate Investment Trust ("Suntec REIT") is one of the pioneer real estate investment trusts in Singapore. The REIT continues to be anchored by the resilient office sector, which contributes more than 85% of its total income. 0.10 (5.43%) Ex-Dividend Date. Total amount outstanding for this bond is SGD 150,000,000 #BondEvalue #BondMarket - Today Price: SGD 97.884, Yield: 4.82, Credit Risk: Unrated, Coupon: 4.25%, Maturity: 06/49 existing portfolio and will enhance the resilience, diversification and income stability of Suntec REIT's portfolio." "The divestment of 9 Penang Road and portfolio of Suntec City Office strata units, together with the acquisition of The Minster Building is the result of our active portfolio management to enhance unitholders' value. The value of Units and the income derived from them may fall as well as rise. ("Suntec"). For the Half Year ended 30 June 2021. In totality, it provided the REIT with a 305% return on investment and an approximate 2.27cents gain per unit. --> . Car Park Lots. (MCST) for Suntec City Complex will increase from S$21.80 to S$32.00 per share value, translating to an increase of S$7m-8m in operating expenses. The main reason for the decline was due to the decline in the value . . suntec reit annual reporthow many teams qualify for playoffs in ipl 2022. Kim Eng release the latest report on Suntec Reit. 14. . The company can be reached via phone at (656) 835-9232 or via fax at 65-6835-9672. Learn about Suntec Real Estate Investment Trust (T82U:XSES) stock quote with Morningstar's rating and analysis and stay up to date with the current news, price, valuation, dividends and other . The agreed property value represents a 5.7% premium over the latest valuation of SGD931.8 million and 30.3% higher than the total development cost of SGD756.0 million. It achieves this through good corporate transparency practices, maintaining an active channel of communication for investors, analysts and other stakeholders to access accurate and timely information on Suntec REIT. Its aim is to invest in income -producing real estate which is primarily used for office and/or retail purposes. S$941.5 million. By Shariffa Al-Habshee. We maintain our existing attractive discount of 22% to NAV per unit. Downgrade Suntec REIT to HOLD as share price has already rallied 22% over the past six months. One of the REITs in my long-term investment portfolio, Suntec REIT . Unsecured debt % is low at 58.2%. Creating Value. 31 Dec '20 . Stock news, analysis and financial results related to Suntec REIT. 22 July 2021. Suntec REIT has announced the divestment of Park Mall in order to realize the property's market value and to redevelop the commercial complex. Read more at The Business Times. Suntec REIT (SGX:T82U) 's 1Q22 distributable income of S$68.7m was slightly below our expectations, at 22% of our FY22F forecast. Singapore office contribution, including JV income, was flat y-o-y at S$46.4m in 1Q22, impacted by the divestment of Suntec Office strata units, partly offset by lower sinking fund . "The divestment of 78,491 sq ft of Suntec City Office strata units at an agreed property value of S$197 million or S$2,510 per square foot represents a 8.9% premium over the independent . The Board of Directors of ARA Trust Management (Suntec) Limited, the Manager of Suntec REIT, . Pay Date. The purchase price of S$89.9 million was based on 30 per cent of the adjusted net asset value of the JV group. Analysts are mixed on Suntec REIT's prospects after the REIT reported higher distribution per unit (DPU) and revenue for the 1QFY2022 ended March.On April 26, the REIT reported DPU of 2.391 cents for the 1QFY2022, up 16.9% y-o-y.Following the REIT's business update, CGS-CIMB Research analyst Loc. Based on the valuation as at 31 December 2021. The Suntec City Office portfolio, representing 78,491 square feet of space, will be sold at an 8.9 percent premium over its independent valuation of S$180.9 million, with a net gain of S$13.9 million, the REIT said in a filing to SGX. SUNTEC REAL ESTATE INV TRUST (SGX:T82U) Target Price of Suntec Reit | SGX Listed S-REIT @ SG investors.io. SG investors.io; Market . 2 Valuation for 2019 reflects Suntec REIT's 60.8% interest in Suntec Singapore while the valuation for 2020 reflects Suntec REIT 's increased interest in Suntec Singapore of 66.3%. "We reaffirm Outperform on its undemanding valuation vs. peers and as a play on the possible retail . Suntec Real Estate Investment Trust (Suntec REIT) is a Singapore-focused Real Estate Investment Trust (REIT), listed on the Singapore Exchange Securities Trading Limited in December 2004. . Here are eight things I learned from the 2021 Suntec REIT AGM: 1. That took into account the agreed property value . The property has a total net lettable area of 399,000 sq ft with a committed occupancy of 98.7% as at Mar 2021. My stock analysis will provide the current dividend yield based on historical payout and current stock price. As I write, it has 7 assets valued at S$ 9.6 billion. Valuation . Car Park Lots. Latest information on REIT Stock Investing, REIT stocks, including REIT ETF, healthcare REIT, Hines REIT and others. Payout Ratio = $1.40 / $1.92. Suntec REIT is managed by an external manager, ARA Trust Management (Suntec) Limited. 4QFY11 results exceeded expectations. Singapore Dollar. . Its aim is to invest in income-producing real estate which is primarily used for office and/or retail 31 Dec '20 . The REIT continues to be anchored by the resilient office sector, which contributes more than 85% of its total income. (MCST) for Suntec City Complex will increase from S$21.80 to S$32.00 per share value, translating to an increase of S$7m-8m in operating expenses. The REIT reported a 39.4% year on year jump in revenue for 1Q2022 to £9.2 million, while distributable income climbed by 36.2% year on year to £6.1 million. 3 Valuation as at 22 October 2020. In a report on Thursday (Jan 27), Maybank Securities' TP was revised up to S$1.45 from S$1.40. The assets were divested at 3.3% and 3.1% yields respectively. . Suntec REIT acquired Park Mall, an integrated office and home furnishing mall on Orchard Road, in 2005 for SGD245.1 million. Payout Ratio = 0.74 or 74% payout from FFO. Based on the valuation as at 31 December 2021. Name) Chong . . Fair Value is the appropriate price for the shares of a company, based on its earnings and . Suntec City is a landmark integrated development which comprises five Grade A office towers . YoY Variation. Funds were likely redeployed to its recent higher-yielding acquisitions, coupled with potential top-up to DPU to support distributions as the . May 05, 2022. Fixed rate debt % is low at 53%. Suntec REIT is a real estate investment trust with properties in the commercial and retail sectors in Singapore and Australia. The value of Units and the income derived from them may fall as well as rise. Suntec REIT - Improved Performance. One Raffles Quay is a prime landmark commercial development located in the Marina Bay precinct comprising a 50-storey office tower (the "North Tower") and a 29-storey office tower (the . MAYBANK Securities and RHB have both increased their target prices (TP) for Suntec Reit T82U by S$0.05, maintaining their "hold" and "buy" calls respectively after the real estate investment trust (Reit)'s distribution per unit (DPU) increased by 9.8 per cent for the financial year ended Dec 31, 2021. Suntec REIT is . 1.83. Maintain BUY. The effectiveness of the training programs can be measured in - employees retention . 2 Valuation for 2019 reflects Suntec REIT's 60.8% interest in Suntec Singapore while the valuation for 2020 reflects Suntec REIT 's increased interest in Suntec Singapore of 66.3%. It believes that Suntec's 2Q13 DPU is likely to be lackluster, dragged down by Suntec City Mall's (SCM) ongoing renovation works. DBS Group Research 2015-07-01: Suntec REIT - Suntec REIT - Extracting value from Park Mall. Jul 22, 2021. Share price catalysts: Comparing this to the closing price as at 31 December 2019, this would translate to a price to book ratio of approximately 0.87. (a real estate investment trust constituted on 29 October 2010 under the laws of the Republic of Singapore) . Listed on 9 December 2004 on the Main Board of the Singapore Exchange Securities Trading Limited ("SGX-ST"), Suntec Real Estate Investment Trust ("Suntec REIT") is the first composite REIT in Singapore, owning income-producing real estate that is primarily used for office and/or retail purposes. 713. Suntec REIT increased its interest in Suntec Singapore from 60.8% to 66.3% on 1 July 2020. Updates for quarter ended 31 March 2022: Announcement Reference: SG220510OTHRA1XZ: Submitted by ( Co./ Ind Minster,... 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