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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
Revenue rebound & strong operating margins
A large recent rebound in revenue coupled with high gross and operating margins indicates the core property portfolio is generating meaningful recurring income. Sustained margin levels support distributable income, help absorb property operating cost pressure and underwrite long‑term cash generation for unitholders.
Negative Factors
Meaningful leverage
Elevated leverage for a REIT raises refinancing and interest‑rate sensitivity risks. If funding costs rise or cash flows soften, higher debt amplifies pressure on distributable income and limits flexibility for acquisitions or capital spending, constraining long‑term strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue rebound & strong operating margins
A large recent rebound in revenue coupled with high gross and operating margins indicates the core property portfolio is generating meaningful recurring income. Sustained margin levels support distributable income, help absorb property operating cost pressure and underwrite long‑term cash generation for unitholders.
Read all positive factors
Suntec Real Estate Investment (T82U) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$4.24B
Dividend Yield5.5%
Average Volume (3M)8.90M
Price to Earnings (P/E)13.6
Beta (1Y)0.63
Revenue Growth1.18%
EPS GrowthN/A
CountrySG
Employees1,300
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.10
Shares Outstanding2,961,751,500
10 Day Avg. Volume9,130,619
30 Day Avg. Volume8,895,633
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$1.58Price Target Upside2.27% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering4
EPS Forecast (FY)0.07
Revenue Forecast (FY)S$486.39M
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 primarily by leasing space in its properties and collecting recurring rental-related income. Its main revenue streams typically include: (1) Office rental income: long-term leases to corporate tenants in its office building...
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 | 382.80M | 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
1.48
Negative
1.46
Negative
1.42
Positive
Market Momentum
-0.01
Positive
35.37
Neutral
16.78
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 1.49, above the 50-day MA of 1.48, and above the 200-day MA of 1.42, indicating a neutral trend. The MACD of -0.01 indicates Positive momentum. The RSI at 35.37 is Neutral, neither overbought nor oversold. The STOCH value of 16.78 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 |
|---|---|---|---|---|---|---|---|
70 Outperform | S$18.61B | 14.35 | 7.40% | 4.58% | 5.37% | 19.25% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | S$4.24B | 13.60 | 5.19% | 5.50% | 1.18% | ― | |
64 Neutral | S$4.28B | 7.55 | 8.46% | 5.98% | 5.35% | 176.77% | |
62 Neutral | S$1.23B | 13.67 | 5.01% | 7.01% | 0.46% | -59.03% | |
60 Neutral | S$6.50B | 26.00 | 2.71% | 6.44% | -4.05% | -57.18% | |
59 Neutral | S$1.97B | 59.17 | 1.12% | 7.07% | 6.52% | ― |
* Real Estate Sector Average
SG:T82U
Suntec Real Estate Investment
1.42
0.16
12.70%
SG:K71U
Keppel REIT
0.86
-0.08
-9.04%
SG:C38U
CapitaLand Integrated Commercial Trust
2.32
0.12
5.41%
SG:N2IU
Mapletree Pan Asia Commercial Trust
1.23
-0.10
-7.59%
SG:P40U
Starhill Global Real Estate Investment
0.53
>-0.01
-1.69%
SG:TS0U
OUE Commercial Real Estate Investment Trust
0.36
0.04
11.99%
Suntec Real Estate Investment Corporate Events
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...
Suntec REIT Lifts 1Q 2026 Distributions on Strong Singapore Portfolio
Jun 30, 2026
Suntec REIT reported stronger first-quarter 2026 financial performance, with distributable income rising 24.8% year-on-year to S$57.3 million and distribution per unit up 23.9% to 1.936 cents. The improvement was driven by higher rents and occupan...
Suntec REIT Fully Redeems S$150 Million Perpetual Securities as Part of Capital Management
Jun 16, 2026
Suntec Real Estate Investment Trust, managed by Suntec Trust Management Limited under the Tang Organization, concentrates on high-quality commercial properties in key business districts of Singapore, Australia and the United Kingdom, including Sun...
Suntec REIT to Fully Redeem S$150 Million Perpetual Securities in 2026
May 28, 2026
Suntec Real Estate Investment Trust has announced that it will redeem in full its S$150 million fixed rate subordinated perpetual securities in Series 011 on 15 June 2026 at par, together with accrued distributions up to but excluding the redempti...
Suntec REIT AGM Highlights Funding Strategy and Governance Process
May 8, 2026
Suntec REIT held its annual general meeting in Singapore on 16 April 2026, with its board, management, auditors and trustee representatives in attendance, and confirmed that all AGM resolutions would be decided by electronic poll in line with SGX ...
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.