Suntec REIT DPU hits $0.07, up 13.6% YoY in 2025
This was driven by stronger Singapore operations and lower financing costs.
Suntec REIT reported a 13.6% year-on-year (YoY) increase in its distribution per unit (DPU), which rose to $0.07035 for FY2025.
Its distributable income grew 14.6% to $207.3m.
The improvement was supported by stronger operations in its Singapore office, retail, and convention properties, as well as lower financing costs, which offset weaker results from overseas assets, notably The Minster Building in London and 55 Currie Street in Adelaide.
Gross revenue rose 1.7% to $471.6m, driven by better performance at Suntec City and Suntec Singapore and a one-off compensation payment at 177 Pacific Highway.
These gains were partly offset by lower revenue from 21 Harris Street, 55 Currie Street, and The Minster Building, due to reduced occupancy and a weaker Australian dollar.
Net property income reached $316.8m, up 1.9% YoY, with higher revenue mainly offset by increased property taxes and marketing costs at Suntec City.