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Suntec Real Estate Investment ( (SG:T82U) ) has issued an update.
Suntec REIT has received a favorable ruling from the Australian Tax Office, allowing it to maintain a concessionary withholding tax rate for its Australia Managed Investment Trust. This decision, which acknowledges the temporary nature of the trust’s previous non-compliance, ensures that Suntec REIT can continue to benefit from a reduced tax rate on distributions, potentially enhancing returns for stakeholders.
The most recent analyst rating on (SG:T82U) stock is a Hold with a S$1.31 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 prominent player in the real estate investment sector, focusing on managing a diverse portfolio of commercial properties. The company is known for its strategic investments in high-quality office and retail spaces, with a significant market presence in Singapore and Australia.
Average Trading Volume: 6,510,206
Technical Sentiment Signal: Buy
Current Market Cap: S$3.94B
For an in-depth examination of T82U stock, go to TipRanks’ Overview page.