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Suntec Real Estate Investment
(SGX:T82U)
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Rating:64Neutral
Price Target:
S$1.50
▼(-2.60% Downside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by solid recent operating performance and supportive cash-flow quality, offset by meaningful leverage/low ROE and a history of uneven results. Technicals add modest support (price above key longer-term averages), while valuation is a mixed signal due to an attractive yield but a high P/E.
Positive Factors
Recurring rental-income model
Suntec REIT’s leasing-based model provides recurring rental income from a diversified commercial portfolio, supporting visibility into operating cash generation. Its exposure to both office and retail assets, including integrated developments, also gives the platform multiple property income streams over the next several quarters.
Negative Factors
Meaningful leverage and low ROE
Meaningful debt relative to equity leaves Suntec REIT exposed to pressure from higher funding costs or weaker property cash flows. The low return on equity also suggests that the substantial asset base is generating modest shareholder returns, potentially limiting financial flexibility and capital-allocation options.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring rental-income model
Suntec REIT’s leasing-based model provides recurring rental income from a diversified commercial portfolio, supporting visibility into operating cash generation. Its exposure to both office and retail assets, including integrated developments, also gives the platform multiple property income streams over the next several quarters.
Read all positive factors
Suntec Real Estate Investment (T82U) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$3.94B
Dividend Yield6.06%
Average Volume (3M)10.22M
Price to Earnings (P/E)12.7
Beta (1Y)0.56
Revenue Growth1.18%
EPS GrowthN/A
CountrySG
Employees1,300
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.10
Shares Outstanding2,965,140,600
10 Day Avg. Volume9,037,540
30 Day Avg. Volume10,217,510
Financial Highlights & Ratios
PEG Ratio-3.09
Price to Book (P/B)0.66
Price to Sales (P/S)8.64
P/FCF Ratio22.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.52Price Target Upside-1.30% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)0.07
Revenue Forecast (FY)S$484.61M
Suntec Real Estate Investment Business Overview & Revenue Model
Company Description
Established on December 9, 2004, Suntec Real Estate Investment Trust (REIT) is dedicated to acquiring income-generating commercial properties, predominantly offices and retail spaces, with its operations overseen by an external entity, ARA Trust M...
How the Company Makes Money
Suntec REIT makes money mainly by generating recurring property income from leasing its commercial space and distributing net taxable income to unitholders in line with the REIT model. Key revenue streams include: (1) Base rental income from offic...
Suntec Real Estate Investment Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
60
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 609.49M | 490.26M | 462.74M | 498.74M | 467.33M | 396.00M |
| Gross Profit | 389.04M | 265.94M | 303.90M | 294.11M | 407.39M | 302.48M |
| EBITDA | 387.52M | 230.99M | 366.46M | 210.81M | 347.06M | 279.08M |
| Net Income | 329.06M | 177.96M | 185.38M | 185.38M | 476.81M | 476.44M |
Balance Sheet | ||||||
| Total Assets | 10.94B | 10.88B | 10.95B | 11.13B | 11.71B | 11.69B |
| Cash, Cash Equivalents and Short-Term Investments | 198.93M | 195.77M | 231.34M | 217.93M | 269.61M | 268.31M |
| Total Debt | 4.25B | 4.45B | 4.21B | 4.26B | 4.84B | 4.92B |
| Total Liabilities | 4.54B | 4.74B | 4.47B | 4.55B | 5.13B | 5.19B |
| Stockholders Equity | 6.27B | 6.41B | 6.35B | 6.46B | 6.46B | 6.40B |
Cash Flow | ||||||
| Free Cash Flow | 272.11M | 190.08M | 241.99M | 250.56M | 270.09M | 235.42M |
| Operating Cash Flow | 272.17M | 191.16M | 254.58M | 252.02M | 284.18M | 243.73M |
| Investing Cash Flow | 103.62M | 88.96M | 174.73M | 698.15M | 114.77M | -82.68M |
| Financing Cash Flow | -551.38M | -316.93M | -414.21M | -1.00B | -383.59M | -116.94M |
Suntec Real Estate Investment Technical Analysis
Negative
1.54
Price Trends
1.37
Negative
1.41
Negative
1.40
Negative
Market Momentum
>-0.01
Negative
44.17
Neutral
-2.14
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:T82U, the sentiment is Negative. The current price of 1.54 is above the 20-day moving average (MA) of 1.33, above the 50-day MA of 1.37, and above the 200-day MA of 1.40, indicating a bearish trend. The MACD of >-0.01 indicates Negative momentum. The RSI at 44.17 is Neutral, neither overbought nor oversold. The STOCH value of -2.14 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SG:T82U.
Suntec Real Estate Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | S$1.88B | 56.67 | 1.12% | 7.38% | 6.52% | ― | |
67 Neutral | S$18.18B | 14.10 | 7.40% | 4.66% | 5.37% | 19.25% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | S$3.94B | 12.74 | 5.19% | 6.06% | 1.18% | ― | |
64 Neutral | S$4.03B | 7.16 | 8.46% | 6.32% | 5.35% | 176.77% | |
57 Neutral | S$1.15B | 25.25 | 2.56% | 7.43% | 0.46% | -59.03% | |
54 Neutral | S$5.98B | 23.89 | 2.71% | 7.01% | -4.05% | -57.18% |
* Real Estate Sector Average
SG:T82U
Suntec Real Estate Investment
1.35
0.08
6.55%
SG:K71U
Keppel REIT
0.82
-0.19
-19.15%
SG:C38U
CapitaLand Integrated Commercial Trust
2.28
0.01
0.53%
SG:N2IU
Mapletree Pan Asia Commercial Trust
1.15
-0.23
-16.55%
SG:P40U
Starhill Global Real Estate Investment
0.50
-0.04
-7.92%
SG:TS0U
OUE Commercial Real Estate Investment Trust
0.34
0.01
4.04%
Suntec Real Estate Investment Corporate Events
Suntec REIT Sets 22 October Date for Q3 2026 Business Update Release
Oct 2, 2026
Suntec REIT has announced that it will release business updates for the third quarter ended 30 September 2026 on Thursday, 22 October 2026 after the close of trading on the Singapore Exchange, signaling forthcoming disclosure on operating performa...
Suntec REIT Extends Top GRESB Sustainability Rating and Advances Green Financing
Oct 2, 2026
Suntec REIT has secured a GRESB 5 Star rating for the seventh consecutive year and maintained an ‘A’ for public disclosure, while climbing to second place among Asia Listed Office peers, underscoring its sustained focus on sustainabili...
Suntec REIT Manager Announces Change of Company Secretary
Sep 29, 2026
Suntec Trust Management Limited, the external manager of Suntec Real Estate Investment Trust, has appointed Mr. Cho Form Po as Company Secretary with effect from 29 September 2026, replacing Ms. Low Mei Mei, Maureen. The Board expressed its apprec...
Suntec REIT to Cut Australian Exposure and Refocus Growth on Singapore
Sep 21, 2026
Suntec REIT’s new manager has completed a strategic review and outlined a plan to sharpen the trust’s focus on its Singapore commercial portfolio, citing supportive macroeconomic conditions, currency strength and tight office and retai...
Suntec REIT Lifts 1H 2026 Distributions on Strong Singapore Portfolio
Sep 21, 2026
Suntec REIT reported a strong first-half 2026 performance, with distributable income rising 25.5% year on year to S$116.5 million and distribution per unit increasing 24.8% to 3.936 cents, driven mainly by higher occupancies and rents at its Singa...
Suntec REIT Extends S$100m Sustainability-Linked Loan, Tightens Sponsor Covenants
Jul 28, 2026
Suntec REIT’s manager has amended and restated a S$100 million loan facility with HSBC’s Singapore branch to extend its maturity and support refinancing of group indebtedness, as well as fund general corporate needs, acquisitions, asse...
Suntec REIT Names Celine Tang Chairman as Tang Family Tightens Grip on Manager
Jul 10, 2026
Suntec Real Estate Investment Trust has announced a leadership transition at its external manager, Suntec Trust Management Limited, effective 10 July 2026. Madam Chen Huaidan @ Celine Tang has been appointed Chairman and Non-Executive Director, an...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.