Suntec REIT Likely Benefiting From Lower Interest Costs -- Market Talk

Dow Jones10-27

0259 GMT - Suntec REIT is likely benefiting from lower interest costs, RHB Research's Vijay Natarajan says in a research report. Management has guided interest costs to be at around 3.75% for 2025, and likely trend down to roughly 3.5% for 2026, the analyst notes. The REIT has S$150 million perpetual securities due for redemption in June 2026, which could be replaced at a lower coupon or redeemed from divestment proceeds. RHB Research raises the unit's target price to S$1.60 from S$1.48 after lowering its cost-of-equity assumptions for the REIT by 40 bps, while maintaining the buy rating. Units are 0.7% higher at S$1.38. (ronnie.harui@wsj.com)

 

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October 26, 2025 22:59 ET (02:59 GMT)

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