Suntec Reit Q3 DPU rises 13.4% on stronger Singapore portfolio performance

[SINGAPORE] Suntec Reit’s distribution per unit (DPU) rose by 13.4 per cent year on year to S$0.02017 for its third quarter ended Sep 30, from S$0.01778.

Gross revenue was up 5.2 per cent at S$123.6 million, from S$117.5 million a year earlier.

This was due to stronger operating performance across its Singapore office and retail portfolio, the real estate investment trust’s (Reit) manager said on Thursday (Oct 22).

Net property income grew 6.2 per cent to S$83.4 million, from S$78.5 million. Distributable income rose 14.3 per cent year on year to S$59.9 million, from S$52.4 million. 

The distribution will be paid out on Nov 27, after books closure on Oct 30.

Chong Kee Hiong, CEO of the manager, said the results reflect Suntec Reit’s “sound fundamentals, underpinned by our portfolio of high-quality assets and resilient income streams”. 

“We remain focused on optimising our portfolio, strengthening our balance sheet and enhancing long-term returns for our unitholders,” he added.

As at Sep 30, committed occupancy for Suntec Reit’s Singapore office portfolio stood at 99.6 per cent, up from 98.5 per cent a year earlier. Retail occupancy was 98.6 per cent, down from 99.3 per cent.

For Q3, rent reversions for its Singapore office and retail portfolios were positive at 7.3 per cent and 11.2 per cent, respectively.

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The Reit’s aggregate leverage ratio stood at 43 per cent as at Sep 30, compared with 41.5 per cent at the end of December 2025.

Suntec Reit units rose 2.9 per cent or S$0.04 to close at S$1.40 on Friday.