Suntec reit

 Suntec REIT saw 3Q21 revenue and NPI rise to S$92.7m (+16.5% y-o-y) and S$68.8m (+45.5% y-o-y), which translated to a 3Q21 DPU of 2.232 Scts (+20.8% y-o-y).

Solid! Dpu keep rising up for every quArter, looks like price will follow in time to come.

Distributable income rose 22 per cent to S$63.7 million from S$52.2 million the previous year.

This was driven by strong contributions from 2 newly acquired assets in London, the completion of 477 Collins Street in Melbourne Australia and lower rent assistance to retail tenants in the quarter.

Gross revenue for the Reit was up 16.5 per cent to S$92.7 million for the quarter from S$79.6 million. Net property income for Q3 jumped 45.5 per cent to S$68.8 million from S$47.3 million a year ago.

XD 4TH August. Pay date 9 Sept.

The distribution will be paid on Nov 29 after the record date on Nov 1.

Chart wise, bullish mode!

Likely to rise up to retest 1.56 again!

XD 4TH August. Pay date 9 Sept.

A nice crossing over with good volume that may likely drive the price higher towards 1.62.

Pls dyodd.