Suntec Real Estate Investment Trust (SG:T82U)
SGX:T82U
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Suntec Real Estate Investment
(SGX:T82U)
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Rating:62Neutral
Price Target:
S$1.50
▲(0.67% Upside)
Action:ReiteratedDate:01/23/26
The score is driven mainly by stable-but-softening financial performance (contracting revenue and weakening cash flow, with leverage still a key risk) and only mildly supportive technicals. Valuation is a headwind due to the relatively high P/E, partially offset by a moderate dividend yield.
Positive Factors
High-quality, well-located property portfolio
A portfolio focused on high-quality, well-located assets and diversified tenant leases supports stable rental income and lower vacancy risk over time. This underpins predictable distributable cash for a REIT and preserves long-term cashflow stability versus opportunistic portfolios.
Negative Factors
Revenue and earnings weakening
Sustained declines in revenue and operating cash flow reduce distributable income and limit organic growth funding. Continued downtrends compress margin resilience and raise structural questions about rent renewals, leasing demand, or asset mix for the coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
High-quality, well-located property portfolio
A portfolio focused on high-quality, well-located assets and diversified tenant leases supports stable rental income and lower vacancy risk over time. This underpins predictable distributable cash for a REIT and preserves long-term cashflow stability versus opportunistic portfolios.
Read all positive factors
Suntec Real Estate Investment (T82U) vs. iShares MSCI Singapore ETF (EWS)
Market Cap
S$4.40B
Dividend Yield4.55%
Average Volume (3M)6.70M
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth0.01%
EPS Growth-110.22%
CountrySG
Employees1,300
SectorReal Estate
Sector Strength53
IndustryREIT - Diversified
Share Statistics
EPS (TTM)0.07
Shares Outstanding2,955,540,300
10 Day Avg. Volume5,731,840
30 Day Avg. Volume6,695,019
Financial Highlights & Ratios
PEG Ratio-2.77
Price to Book (P/B)0.66
Price to Sales (P/S)8.64
P/FCF Ratio22.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
S$1.58Price Target Upside6.23% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)0.07
Revenue Forecast (FY)S$484.76M
Suntec Real Estate Investment Business Overview & Revenue Model
Company Description
Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore's largest integrated commercial development (including one of Singapore's largest shopping Mall), a 66.3% interest in Suntec Singapore Convention & Exhibition Centre...
How the Company Makes Money
Suntec Real Estate Investment generates revenue primarily through leasing its properties to tenants, which provides a steady stream of rental income. The company benefits from long-term leases with diversified tenants across various sectors, reduc...
Suntec Real Estate Investment Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
66
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 554.35M | 490.26M | 462.74M | 498.74M | 467.33M | 396.00M |
| Gross Profit | 345.96M | 265.94M | 303.90M | 294.11M | 407.39M | 302.48M |
| EBITDA | 333.46M | 230.99M | 366.46M | 210.81M | 347.06M | 279.08M |
| Net Income | -5.00M | 177.96M | 185.38M | 185.38M | 476.81M | 476.44M |
Balance Sheet | ||||||
| Total Assets | 11.02B | 10.88B | 10.95B | 11.13B | 11.71B | 11.69B |
| Cash, Cash Equivalents and Short-Term Investments | 373.35M | 195.77M | 231.34M | 217.93M | 269.61M | 268.31M |
| Total Debt | 4.05B | 4.45B | 4.21B | 4.26B | 4.84B | 4.92B |
| Total Liabilities | 4.43B | 4.74B | 4.47B | 4.55B | 5.13B | 5.19B |
| Stockholders Equity | 6.45B | 6.41B | 6.35B | 6.46B | 6.46B | 6.40B |
Cash Flow | ||||||
| Free Cash Flow | 256.10M | 190.08M | 241.99M | 250.56M | 270.09M | 235.42M |
| Operating Cash Flow | 258.62M | 191.16M | 254.58M | 252.02M | 284.18M | 243.73M |
| Investing Cash Flow | 216.56M | 88.96M | 174.73M | 698.15M | 114.77M | -82.68M |
| Financing Cash Flow | -286.39M | -316.93M | -414.21M | -1.00B | -383.59M | -116.94M |
Suntec Real Estate Investment Technical Analysis
Positive
1.49
Price Trends
1.44
Positive
1.41
Positive
1.31
Positive
Market Momentum
0.02
Negative
54.32
Neutral
35.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SG:T82U, the sentiment is Positive. The current price of 1.49 is above the 20-day moving average (MA) of 1.43, above the 50-day MA of 1.44, and above the 200-day MA of 1.31, indicating a bullish trend. The MACD of 0.02 indicates Negative momentum. The RSI at 54.32 is Neutral, neither overbought nor oversold. The STOCH value of 35.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SG:T82U.
Suntec Real Estate Investment Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | S$3.42B | 17.46 | 4.77% | 6.04% | 2.01% | 38.17% | |
67 Neutral | S$3.81B | ― | 2.24% | 4.02% | -18.20% | 40.87% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
65 Neutral | S$4.46B | 8.38 | 8.90% | 7.36% | 4.22% | 25.85% | |
64 Neutral | S$5.59B | 16.12 | 6.73% | 6.51% | -1.96% | 175.59% | |
62 Neutral | S$4.40B | ― | -0.08% | 4.55% | 0.01% | -110.22% |
* Real Estate Sector Average
SG:T82U
Suntec Real Estate Investment
1.49
0.43
40.57%
SG:K71U
Keppel REIT
0.90
0.14
18.42%
SG:TQ5
Frasers Property
0.97
0.26
36.24%
SG:ME8U
Mapletree Industrial
1.96
0.11
6.06%
SG:BUOU
Frasers Logistics & Commercial Trust
0.90
0.11
13.35%
Suntec Real Estate Investment Corporate Events
Suntec REIT Overhauls Board and Committees Ahead of Manager Ownership Change
Dec 30, 2025
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 th...
Suntec Real Estate Investment release contains no substantive content
Dec 17, 2025
No company background details were provided in the release.The document supplied is a PDF viewer placeholder and contains no substantive news, financial or operational information; as a result, investors and other stakeholders have no new data to ...
Suntec REIT Manager Set for Acquisition by Acrophyte Asset Management
Dec 16, 2025
ESR Trust Management (Suntec) Limited, the manager of Suntec REIT, has announced a proposed acquisition by Acrophyte Asset Management, controlled by Mr. Gordon Tang. This acquisition, pending approval from the Monetary Authority of Singapore, sign...
Suntec REIT Secures Tax Concessions for Perpetual Securities
Nov 6, 2025
Suntec Real Estate Investment Trust has announced a tax ruling regarding its S$250,000,000 fixed rate subordinated perpetual securities. The Inland Revenue Authority of Singapore has ruled that these securities qualify as debt securities, allowing...
Suntec REIT Redeems and Cancels S$200 Million Securities
Oct 27, 2025
Suntec Real Estate Investment Trust announced the redemption and subsequent cancellation of its S$200,000,000 Fixed Rate Subordinated Perpetual Securities as of October 27, 2025. This move is part of the company’s financial strategy to manag...
Suntec REIT Strengthens Board with New Appointments
Oct 24, 2025
Suntec Real Estate Investment Trust has announced the appointment of Mr. Anthony Couse and Mr. Abdul Jabbar as Independent Non-Executive Directors, effective from October 24, 2025. These appointments are expected to enhance the board’s exper...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.