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

Excerpt from CGS International report.

Report Summary

• Suntec REIT’s 2H/FY25 results exceeded expectations, driven by robust performance in its Singapore office and retail portfolio, positive rental reversions, and lower financing costs.
• The outlook for FY26 is positive, with expected DPU growth supported by continued rental increases, stable overseas operations, and moderated debt costs. The stock was upgraded to “Add” with a higher target price of S\$1.58, though risks include potential interest rate hikes and macroeconomic headwinds.

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