Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Suntec Real Estate Investment ( (SG:T82U) ) has shared an announcement.
Suntec REIT’s manager, ESR Trust Management (Suntec) Limited, has announced a significant reshuffle of its board and key board committees effective 31 December 2025, driven by director tenure limits and an impending change in ownership of the manager. Two long-serving independent non-executive directors, Mr. Chan Pee Teck Peter and Mrs. Foo Yee Shoon, will retire after reaching a nine-year tenure limit, while non-executive directors Mr. Shen Jinchu and Mr. Matthew James Lawson will step down in line with the anticipated change in ownership, prompting a refreshed governance line-up. The trust is strengthening its oversight structure by appointing Mr. Abdul Jabbar Bin Karam Din as chairman of the Nominating and Remuneration Committee and member of the Audit and Risk Committee, alongside the appointments of Mr. Anthony Charles Philip Couse and Mr. David Alasdair William Matheson to the Nominating and Remuneration Committee, with Mr. Couse also joining the Audit and Risk Committee. The resulting board and committee compositions underscore a continued emphasis on independent oversight and governance continuity as the trust prepares for a transition in its managerial ownership.
The most recent analyst rating on (SG:T82U) stock is a Buy with a S$1.40 price target. To see the full list of analyst forecasts on Suntec Real Estate Investment stock, see the SG:T82U Stock Forecast page.
More about Suntec Real Estate Investment
Suntec Real Estate Investment Trust (Suntec REIT) is a Singapore-listed real estate investment trust managed by ESR Trust Management (Suntec) Limited, focusing on income-producing commercial properties. Its portfolio typically includes office, retail, and convention assets, positioning the trust as a key player in the Singapore and regional real estate investment market.
Average Trading Volume: 6,009,019
Technical Sentiment Signal: Buy
Current Market Cap: S$4.21B
For an in-depth examination of T82U stock, go to TipRanks’ Overview page.