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Suntec Real Estate Investment Trust: 1 director
A director at Suntec Real Estate Investment Trust maiden bought 148,000 shares at 1.350SGD and the significance rating of the trade was 64/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors ov...
SUNTEC REAL ESTATE IT. sees an upgrade to Slightly Positive due to a b...
The general evaluation of SUNTEC REAL ESTATE IT. (SG), a company active in the Real Estate Investment Trusts industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 15, 2022...
- Ken Foong
Morningstar | Suntec REIT Acquires 55 Currie Street in Adelaide, Austr...
Suntec REIT announced it will acquire a 100% stake in a Grade A freehold office building at 55 Currie Street, Adelaide, Australia with net lettable area of 282,000 square feet for AUD 148.3 million, or about SGD 142.4 million. This translates into a purchase price of AUD 526 per square feet (or SGD 505 per square feet). The 31-year-old building is in Adelaide’s central business district and is a five-minute walk from the Adelaide railway station. This acquisition is expected to be completed by...
- Ken Foong
Morningstar | Suntec REIT Acquires 55 Currie Street in Adelaide, Austr...
Suntec REIT announced it will acquire a 100% stake in a Grade A freehold office building at 55 Currie Street, Adelaide, Australia with net lettable area of 282,000 square feet for AUD 148.3 million, or about SGD 142.4 million. This translates into a purchase price of AUD 526 per square feet (or SGD 505 per square feet). The 31-year-old building is in Adelaide’s central business district and is a five-minute walk from the Adelaide railway station. This acquisition is expected to be completed by...
- Ken Foong
Suntec REIT Acquires 55 Currie Street in Adelaide, Australia; FVE Rais...
Suntec REIT announced it will acquire a 100% stake in a Grade A freehold office building at 55 Currie Street, Adelaide, Australia with net lettable area of 282,000 square feet for AUD 148.3 million, or about SGD 142.4 million. This translates into a purchase price of AUD 526 per square feet (or SGD 505 per square feet). The 31-year-old building is in Adelaide’s central business district and is a five-minute walk from the Adelaide railway station. This acquisition is expected to be completed by...
- Ken Foong
Morningstar | Suntec REIT acquires 21 Harris Street in Pyrmont, Sydney...
Suntec REIT announced it will acquire a 100% stake in a Grade A freehold commercial property at 21 Harris Street, Pyrmont, Sydney, Australia with a net lettable area of 203,400 square feet (comprising about 181,900 square feet of office space and 21,500 square feet of retail space) for AUD 297 million, or about SGD 285.1 million. This translates into a purchase price of AUD 1,460 per square feet (or SGD 1,402 per square feet). The property is only 2 kilometers west of Sydney's Central Business D...
- Ken Foong
Morningstar | Suntec REIT acquires 21 Harris Street in Pyrmont, Sydney...
Suntec REIT announced it will acquire a 100% stake in a Grade A freehold commercial property at 21 Harris Street, Pyrmont, Sydney, Australia with a net lettable area of 203,400 square feet (comprising about 181,900 square feet of office space and 21,500 square feet of retail space) for AUD 297 million, or about SGD 285.1 million. This translates into a purchase price of AUD 1,460 per square feet (or SGD 1,402 per square feet). The property is only 2 kilometers west of Sydney's Central Business D...
- Ken Foong
Suntec REIT acquires 21 Harris Street in Pyrmont, Sydney; FVE raised t...
Suntec REIT announced it will acquire a 100% stake in a Grade A freehold commercial property at 21 Harris Street, Pyrmont, Sydney, Australia with a net lettable area of 203,400 square feet (comprising about 181,900 square feet of office space and 21,500 square feet of retail space) for AUD 297 million, or about SGD 285.1 million. This translates into a purchase price of AUD 1,460 per square feet (or SGD 1,402 per square feet). The property is only 2 kilometers west of Sydney's Central Business D...
- Ken Foong
Suntec REIT Acquires 21 Harris Street in Pyrmont, Sydney; FVE Raised t...
Suntec Real Estate Investment Trust’s, or Suntec REIT’s, first-quarter 2019 results were largely in line with our expectations. After factoring in slightly lower contribution from its Australian properties due to the weakening of the Australian dollar and the relocation of UBS from One Raffles Quay and Suntec City Offices to 9 Penang Road in 2020, we lowered our fair value estimate marginally to SGD 1.74 per unit from SGD 1.76. The trust has secured UBS as its anchor tenant for 9 Penang Road...
- Ken Foong
Morningstar | Suntec REIT’s 1Q 2019 Largely in Line; 9 Penang Road P...
Suntec Real Estate Investment Trust’s, or Suntec REIT’s, first-quarter 2019 results were largely in line with our expectations. After factoring in slightly lower contribution from its Australian properties due to the weakening of the Australian dollar and the relocation of UBS from One Raffles Quay and Suntec City Offices to 9 Penang Road in 2020, we lowered our fair value estimate marginally to SGD 1.74 per unit from SGD 1.76. The trust has secured UBS as its anchor tenant for 9 Penang Road...
- Ken Foong
Morningstar | Suntec REIT’s 1Q 2019 Largely in Line; 9 Penang Road P...
Suntec Real Estate Investment Trust’s, or Suntec REIT’s, first-quarter 2019 results were largely in line with our expectations. After factoring in slightly lower contribution from its Australian properties due to the weakening of the Australian dollar and the relocation of UBS from One Raffles Quay and Suntec City Offices to 9 Penang Road in 2020, we lowered our fair value estimate marginally to SGD 1.74 per unit from SGD 1.76. The trust has secured UBS as its anchor tenant for 9 Penang Road...
- Ken Foong
Suntec REIT’s 1Q 2019 Largely in Line; 9 Penang Road Pre-Leased; Old...
Suntec Real Estate Investment Trust’s, or Suntec REIT’s, first-quarter 2019 results were largely in line with our expectations. After factoring in slightly lower contribution from its Australian properties due to the weakening of the Australian dollar and the relocation of UBS from One Raffles Quay and Suntec City Offices to 9 Penang Road in 2020, we lowered our fair value estimate marginally to SGD 1.74 per unit from SGD 1.76. The trust has secured UBS as its anchor tenant for 9 Penang Road...
- Ken Foong
Morningstar | Suntec REIT’s Fiscal-Year 2018 in Line; 9 Penang Road ...
Suntec Real Estate Investment Trust’s full-year 2018 results were in line with our expectations. After rolling forward our forecast and factoring in our latest foreign exchange rate assumptions, we made minor adjustments to our model and raised our fair value estimate to SGD 1.76 per unit from SGD 1.72. Our no-moat and stable moat trend ratings remain unchanged. We think the shares are slightly overvalued at the current price, with future growth factored in, driven by the development of 9 Pena...
- Ken Foong
Morningstar | Suntec REIT’s Fiscal-Year 2018 in Line; 9 Penang Road ...
Suntec Real Estate Investment Trust’s full-year 2018 results were in line with our expectations. After rolling forward our forecast and factoring in our latest foreign exchange rate assumptions, we made minor adjustments to our model and raised our fair value estimate to SGD 1.76 per unit from SGD 1.72. Our no-moat and stable moat trend ratings remain unchanged. We think the shares are slightly overvalued at the current price, with future growth factored in, driven by the development of 9 Pena...
- Ken Foong
Suntec REIT’s Fiscal-Year 2018 in Line; 9 Penang Road and Olderfleet...
Suntec Real Estate Investment Trust’s full-year 2018 results were in line with our expectations. After rolling forward our forecast and factoring in our latest foreign exchange rate assumptions, we made minor adjustments to our model and raised our fair value estimate to SGD 1.76 per unit from SGD 1.72. Our no-moat and stable moat trend ratings remain unchanged. We think the shares are slightly overvalued at the current price, with future growth factored in, driven by the development of 9 Pena...
- Ken Foong
Morningstar | Standard Stewardship Rating of Suntec REIT Remains Intac...
Suntec Real Estate Investment Trust is a commercial REIT that focuses on offices and, to a lesser extent, retail properties. The trust’s flagship asset, Suntec City, which constitutes more than half of its total property portfolio, consists of five office towers, one of Singapore’s largest shopping malls, and a convention and exhibition centre. Despite its location in the Central Area of Singapore with two subway stations connecting to the property, rental rates have been below the market av...
- Ken Foong
Standard Stewardship Rating of Suntec REIT Remains Intact Despite Chan...
Suntec Real Estate Investment Trust’s, or Suntec REIT’s, third-quarter 2018 results were largely in line with our expectations. Net property income decreased by 11.4% year over year to SGD 60.7 million on the back of a 2.5% year-over-year drop on revenue to SGD 88.8 million. Distribution per unit increased by 0.3% year over year to SGD 0.02491, while net asset value per unit declined to SGD 2.08 from SGD 2.12. The fall in revenue was mainly due to lower revenue from 177 Pacific Highway (as a...
- Ken Foong
Morningstar | Suntec REIT’s 3Q Affected by Higher Cost; Suntec Retai...
Suntec Real Estate Investment Trust’s, or Suntec REIT’s, third-quarter 2018 results were largely in line with our expectations. Net property income decreased by 11.4% year over year to SGD 60.7 million on the back of a 2.5% year-over-year drop on revenue to SGD 88.8 million. Distribution per unit increased by 0.3% year over year to SGD 0.02491, while net asset value per unit declined to SGD 2.08 from SGD 2.12. The fall in revenue was mainly due to lower revenue from 177 Pacific Highway (as a...
- Ken Foong
Morningstar | Suntec REIT’s 3Q Affected by Higher Cost; Suntec Retai...
Suntec Real Estate Investment Trust’s, or Suntec REIT’s, third-quarter 2018 results were largely in line with our expectations. Net property income decreased by 11.4% year over year to SGD 60.7 million on the back of a 2.5% year-over-year drop on revenue to SGD 88.8 million. Distribution per unit increased by 0.3% year over year to SGD 0.02491, while net asset value per unit declined to SGD 2.08 from SGD 2.12. The fall in revenue was mainly due to lower revenue from 177 Pacific Highway (as a...
- Ken Foong
Suntec REIT’s 3Q Affected by Higher Cost; Suntec Retail and Southgat...
Suntec Real Estate Investment Trust’s, or Suntec REIT’s, third-quarter 2018 results were largely in line with our expectations. Net property income decreased by 11.4% year over year to SGD 60.7 million on the back of a 2.5% year-over-year drop on revenue to SGD 88.8 million. Distribution per unit increased by 0.3% year over year to SGD 0.02491, while net asset value per unit declined to SGD 2.08 from SGD 2.12. The fall in revenue was mainly due to lower revenue from 177 Pacific Highway (as a...
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