Suntec REIT’s DPU up 3.4% YoY in Q1

Distributable income rose 4.3% QoQ to $45.9m.

Suntec REIT reported a 4.3% quarter-on-quarter (QoQ) rise in distributable income to $45.9m in Q1 2025.

Distribution per unit (DPU) to unitholders was $0.01563, 3.4% higher year-on-year (YoY).

The growth was due to stronger operating performance on all properties except for 55 Currie Street in Adelaide, as well as lower financing costs.

“Singapore Office, Retail, and Convention as well as the UK portfolios continued to deliver strong operating performances. Financing cost for the REIT also declined year-on-year arising from the refinancing efforts in FY24 and paring down of debt with proceeds from the divestment of strata office units,” Chong Kee Hiong, CEO of the manager said.