Suntec REIT Owns a Portfolio of High-Quality Singapore Assets
Suntec REIT owns a SGD 12.2 billion portfolio of income-producing office and retail assets across Singapore, Australia, and the United Kingdom (as of Dec. 31, 2023).
Suntec Real Estate Investment Trust T82U
Bulls Say, Bears Say
Bulls
Office workers fully return back to offices, resulting in higher demand for Suntec REIT's office space.
Bears
The Singapore dollar continues to appreciate against the Australian dollar and British pound, resulting in the foreign assets dragging the REIT's overall returns.
Trading Information
- Previous Close Price
- SGD 1.07
- Day Range
- SGD 1.06–1.07
- 52-Week Range
- SGD 1.03–1.33
- Bid/Ask
- SGD 1.07 / SGD 1.07
- Market Cap
- SGD 3.08 Bil
- Volume/Avg
- 527,700 / 6.6 Mil
Key Statistics
- Price/Earnings (Normalized)
- 22.92
- Price/Sales
- 6.72
- Dividend Yield (Trailing)
- 6.46%
- Dividend Yield (Forward)
- 6.46%
- Total Yield
- 6.46%
Company Profile
Suntec REIT owns a SGD 12.2 billion portfolio (as of Dec. 31, 2023) of income-producing office and retail properties in Singapore, Australia, and the U.K. The majority of its assets, based on asset values, are offices (78%) and located in Singapore (69%). Its flagship asset is Suntec City, one of Singapore’s largest integrated developments, consisting of offices, retail and a convention center. The trust is externally managed by ARA Trust Management (Suntec), a wholly owned subsidiary of ESR Group that has a 9% stake in Suntec REIT.
- Sector
- Real Estate
- Industry
- REIT - Diversified
- Stock Style Box
- Mid Value
- Total Number of Employees
- 1,300
- Website
- https://www.suntecreit.com
Competitors
Valuation
|
Metric
|
T82U
|
N2IU
|
K71U
|
|---|---|---|---|
Price/Earnings (Normalized) | 22.92 | 18.93 | 16.21 |
Price/Book Value | 0.51 | 0.70 | 0.65 |
Price/Sales | 6.72 | 7.21 | 13.96 |
Price/Cash Flow | 12.10 | 12.67 | 27.23 |
Price/Earnings
T82U
N2IU
K71U
Financial Strength
|
Metric
|
T82U
|
N2IU
|
K71U
|
|---|---|---|---|
Quick Ratio | 0.46 | 0.14 | 0.45 |
Current Ratio | 0.56 | 0.16 | 0.50 |
Interest Coverage | 2.13 | 3.03 | 4.09 |
Quick Ratio
T82U
N2IU
K71U
Profitability
|
Metric
|
T82U
|
N2IU
|
K71U
|
|---|---|---|---|
Return on Assets (Normalized) | 2.06% | 3.76% | 1.79% |
Return on Equity (Normalized) | 3.81% | 6.83% | 3.00% |
Return on Invested Capital (Normalized) | 3.33% | 5.64% | 2.48% |
Return on Assets
T82U
N2IU
K71U
REIT - Diversified Industry Comparables
|
1-Day Chart
|
Name
|
Price
|
Morningstar Rating for Stocks
|
Capital Allocation
|
Economic Moat
|
Market Cap
|
|---|---|---|---|---|---|---|
| VICI Properties Inc Ordinary Shares
VICI
| — | Tccm | $28.9 Bil | |||
| W.P. Carey Inc
WPC
| — | Srsv | $12.0 Bil | |||
| Stockland Corp Ltd
STKAF
| — | Ncb | $6.8 Bil | |||
| Land Securities Group PLC
LSGOF
| — | Wvzzx | $6.0 Bil | |||
| Land Securities Group PLC ADR
LDSCY
| — | Hvl | $6.0 Bil | |||
| Covivio SA ADR
FNCDY
| — | Hxzxk | $5.5 Bil | |||
| Covivio SA
GSEFF
| — | Rrnxk | $5.5 Bil | |||
| GPT Group
GPTGF
| — | Zjp | $5.2 Bil | |||
| UNITE Group PLC
UTGPF
| — | Nbxl | $5.1 Bil | |||
| Empire State Realty Trust Inc Class A
ESRT
| Ymsmybc | Xyxdf | $1.5 Bil |