Suntec Reit lifts third-quarter distribution per unit by 13.4%
The manager attributed higher revenue to improved operations at its Singapore offices and retail properties. Payment is scheduled for 27 November.
Suntec Reit reported a distribution per unit of S$0.02017 for the quarter ended 30 September, a 13.4 per cent increase from S$0.01778 a year earlier. Distributable income reached S$59.9 million, rising 14.3 per cent from S$52.4 million.
Revenue totalled S$123.6 million, up 5.2 per cent against S$117.5 million in the corresponding quarter. The manager said on 22 October that better operating performance at Singapore office and retail properties drove the increase. Net property income advanced 6.2 per cent to S$83.4 million from S$78.5 million.
Unitholders will receive the distribution on 27 November, with books closing on 30 October.
Committed occupancy across the Singapore office portfolio reached 99.6 per cent at 30 September, compared with 98.5 per cent a year before. Retail occupancy slipped to 98.6 per cent from 99.3 per cent. Third-quarter rent reversions were positive: 7.3 per cent for offices and 11.2 per cent for retail.
Aggregate leverage was 43 per cent at 30 September, versus 41.5 per cent at the end of December 2025. Chong Kee Hiong, the manager’s chief executive officer, said its priorities remained portfolio optimisation, a stronger balance sheet and better long-term returns for unitholders.
Before the results announcement, the units finished trading on 22 October unchanged at S$1.36.
