Suntec Real Estate Investment Trust raised its distribution per unit (DPU) by 13.4 per cent year on year to 2.017 Singapore cents for the third quarter ended 30 September 2026, as its Singapore office and retail properties delivered stronger results, it was reported on Thursday (22 October).
The payout compares with 1.778 cents in the same quarter a year earlier. Distributable income for the three months rose 14.3 per cent to S$59.9 million, from S$52.4 million.
Revenue and income growth
Gross revenue for the quarter increased 5.2 per cent to S$123.6 million, up from S$117.5 million, while net property income grew 6.2 per cent to S$83.4 million from S$78.5 million.
The REIT attributed the gains to better operating performance across its Singapore office and retail portfolio, which remains the main engine of its earnings.
Occupancy
Committed occupancy at the trust’s Singapore offices reached 99.6 per cent as at 30 September, up from 98.5 per cent a year earlier, reflecting continued demand for space in the city’s core business districts.
Retail occupancy eased slightly to 98.6 per cent, compared with 99.3 per cent a year ago, though it remains close to full.
Management focus
Chong Kee Hiong, chief executive officer of the REIT’s manager, said the trust would keep working on its portfolio while shoring up its finances. “We remain focused on optimising our portfolio,” he said, adding that the manager also aims to strengthen the balance sheet and improve returns over the long term.
Suntec REIT owns stakes in Suntec City, including its office towers, mall and convention centre, along with other office and retail assets in Singapore and overseas holdings in Australia and the United Kingdom.
What’s next
Unitholders will receive the quarterly distribution on 27 November, with books closing on 30 October.
The results add to a run of third-quarter updates from Singapore-listed REITs this month, with office landlords in particular benefiting from tight supply of prime space and steady leasing demand. Investors will be watching whether the trust can maintain its Singapore momentum and how it manages its overseas portfolio in the coming quarters.
