0508 GMT - Suntec REIT's cost of debt is likely to decline further, Maybank Research's Krishna Guha says in a research report. Its cost of debt fell to 3.62% as of end-September from 3.82% at end-June and is guided to remain at around 3.5% for 2026, the analyst notes. The REIT is also focusing on backfilling its Australian portfolio and space optimization to meet tenant needs. Maybank Research lifts its 2025 and 2026 distribution-per-unit forecasts for the REIT by 2.8% and 7.7%, respectively. It upgrades Suntec REIT to buy from hold and raises the target price to S$1.41 from S$1.20. Units are 0.75% higher at S$1.35. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 07, 2025 00:08 ET (05:08 GMT)
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