Broker Name: CGS International
Date of Report: January 26, 2026

Excerpt from CGS International report.

Report Summary

• Suntec REIT’s 2H/FY25 results beat expectations, driven by strong Singapore office and retail rental reversions, stable overseas occupancy, and lower financing costs.
• The outlook for FY26-27 is positive, supported by ongoing robust performance in Singapore, moderated debt costs, and active ESG initiatives; the stock rating was upgraded to Add with a target price of S\$1.58.

Above is an excerpt from a report by CGS International. Clients of CGS International can be the first to access the full report from the CGS International website : https://www.cgs-cimb.com/sg/en/