Singapore, September 21, 2026, 12:07 (SGT)
- Suntec REIT units traded at S$1.37, down 0.7% from Friday.
- Three targeted Australian offices carry S$1.04 billion of stated value.
- The sales could cut leverage below 40%, but remove fully occupied assets.
Suntec Real Estate Investment Trust (SGX:T82U) slipped 0.7% on Monday after starting sale campaigns for three Australian offices. The units traded at S$1.37 at 11:51 a.m. Singapore time, versus Friday’s S$1.38 close.
The plan could turn about S$1.04 billion of stated property value into balance-sheet capacity. It also puts roughly S$30 million of annual net property income at risk, based on company data dated June 30.
That trade-off explains the muted move. Debt relief is useful, but…