Suntec Reit - First Quarter results update is out. 24.8% Year-on-Year Increase in Distributable to $57.3 million. DPU was 1.936 cents or 23.9 percent

 Suntec REIT Achieves 24.8% Year-on-Year Increase in Distributable to $57.3 million 

For the period from 1 January to 31 March 2026 (“1Q 26”), 24.8% higher than the quarter ended 

31 March 2025 (“1Q 25”). Distribution per unit (“DPU”) to unitholders was 1.936 cents or 23.9% 

higher year-on-year. 

The robust year-on-year improvement was driven by the stronger operational performance of

the Singapore Office and Retail portfolio, lower financing costs as well as lower Australia 

withholding tax provision as the REIT retained the Australia Managed Investment Trust status1. 

This more than offset the weaker performance of The Minster Building in London due to the

lease expiry of a tenant in mid-June 2025.

The office market is expected to remain resilient on the back of limited core CBD office supply 

and tight vacancies. The Singapore Office portfolio occupancy is expected to remain high 

with positive rent reversion expected to be near 5%. The Singapore Office portfolio

performance is expected to improve, supported by healthy occupancies and past quarters 

of strong positive rent reversions.

I think the results is quite good! XD 1.936 cents on 30th April. Paydate 29 May.