Suntec REIT's Long-Standing Overhang Could Be Reduced -- Market Talk

Dow Jones12-17

0713 GMT - A long-standing overhang on Suntec REIT is likely to be reduced if Acrophyte Asset Management acquires the Singapore REIT's manager, DBS Group Research analyst Dale Lai says in a note. He cites uncertainty over the intentions of the manager's current owner, ESR Group, after it was taken private, given that Suntec REIT is viewed as a non-core asset. If the Acrophyte deal goes through, the analyst expects the REIT to benefit from a strong alignment of interests between its manager and one of its substantial unitholders, Acrophyte's controller Gordon Tang. Lai says a change in ownership of the manager could prompt Suntec REIT to review its portfolio or pursue acquisitions. DBS maintains its buy rating and is reviewing its target price, which currently stands at S$1.40. Units are flat at S$1.40. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

December 17, 2025 02:13 ET (07:13 GMT)

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He cites uncertainty over the intentions of the manager's current owner, <a href=\"https://laohu8.com/S/01821\">ESR</a> Group, after it was taken private, given that Suntec REIT is viewed as a non-core asset. If the Acrophyte deal goes through, the analyst expects the REIT to benefit from a strong alignment of interests between its manager and one of its substantial unitholders, Acrophyte's controller Gordon Tang. Lai says a change in ownership of the manager could prompt Suntec REIT to review its portfolio or pursue acquisitions. DBS maintains its buy rating and is reviewing its target price, which currently stands at S$1.40. Units are flat at S$1.40. 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He cites uncertainty over the intentions of the manager's current owner, ESR Group, after it was taken private, given that Suntec REIT is viewed as a non-core asset. If the Acrophyte deal goes through, the analyst expects the REIT to benefit from a strong alignment of interests between its manager and one of its substantial unitholders, Acrophyte's controller Gordon Tang. Lai says a change in ownership of the manager could prompt Suntec REIT to review its portfolio or pursue acquisitions. DBS maintains its buy rating and is reviewing its target price, which currently stands at S$1.40. Units are flat at S$1.40. 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