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Suntec REIT DPU increases by 3.7% YoY in H1

Singapore portfolio remained strong whilst UK and Australia portfolios were stable.

 

Suntec REIT reported in a bourse filing that its distribution per unit (DPU) to unitholders stood at 3.155 cents in the first half of the year, 3.7% higher YoY. 

 

Payment date is expected to be on 29 August, after the record date of 1 August. 

 

It also reported an increase in its distributable income to $92.8m for H1 2025, 4.6% higher than the same period last year. 

 

According to the group, operational performance of its Singapore portfolio remained strong, whilst the UK portfolio was stable. All properties in Australia apart from 55 Currie Street also maintained steady performance. 

 

In its outlook for its Singapore office portfolio, the group mentioned that the cautious demand for office spaces was expected in light of global headwinds and slower economic growth. However, limited new supply and Singapore’s reputation as a stable and attractive business hub will continue to support core CBD rent growth. 

 

According to Suntec REIT, portfolio occupancy is expected to remain high whilst positive rent reversion for FY25 is expected to be similar to H1 25. The Singapore office portfolio performance is expected to remain stable, supported by healthy occupancies and past quarters of robust rent reversions. 

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