Suntec Real Estate Investment Trust

T82U: XSES (SGP)
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Suntec REIT: Solid Quarter Led by Singapore Office and Retail Assets; Units Undervalued

Suntec REIT’s first-quarter distribution per unit grew 23.9% year on year, supported by stronger operating performance from its Singapore retail and office assets, lower financing costs, and the absence of an Australia withholding tax provision that was booked a year ago.

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