Suntec Real Estate Investment Trust
Market Cap
S$4.2b
Last Updated
2020/09/19 19:29 UTC
Data Sources
Company Financials +
Executive Summary
Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore’s largest integrated commercial development (including one of Singapore’s largest shopping Mall), a 60.8% interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay, a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall, and a 30.0% interest in 9 Penang Road. More Details
Rewards
Risk Analysis
Dividend of 6.34% is not well covered by earnings or forecast to be in the next 3 years
Snowflake Analysis
Fair value second-rate dividend payer.
Similar Companies
Share Price & News
How has Suntec Real Estate Investment Trust's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: T82U has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
1.4%
T82U
2.3%
SG REITs
0.7%
SG Market
1 Year Return
-22.3%
T82U
-7.9%
SG REITs
-21.6%
SG Market
Return vs Industry: T82U underperformed the SG REITs industry which returned -7.9% over the past year.
Return vs Market: T82U matched the SG Market which returned -21.6% over the past year.
Shareholder returns
| T82U | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.4% | 2.3% | 0.7% |
| 30 Day | 11.1% | 4.4% | -0.8% |
| 90 Day | 4.2% | 3.3% | -4.5% |
| 1 Year | -18.3%-22.3% | -3.4%-7.9% | -17.4%-21.6% |
| 3 Year | -5.7%-19.1% | 26.1%6.0% | -17.2%-27.3% |
| 5 Year | 31.3%0% | 62.5%19.5% | -0.3%-18.6% |
Price Volatility Vs. Market
How volatile is Suntec Real Estate Investment Trust's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 weeks ago | Simply Wall St
What Type Of Shareholders Own The Most Number of Suntec Real Estate Investment Trust (SGX:T82U) Shares?2 months ago | Simply Wall St
How Many Suntec Real Estate Investment Trust (SGX:T82U) Shares Did Insiders Buy, In The Last Year?3 months ago | Simply Wall St
At S$1.62, Is It Time To Put Suntec Real Estate Investment Trust (SGX:T82U) On Your Watch List?Valuation
Is Suntec Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
16.0%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: T82U (SGD1.5) is trading below our estimate of fair value (SGD1.79)
Significantly Below Fair Value: T82U is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: T82U is good value based on its PE Ratio (14.6x) compared to the SG REITs industry average (16.7x).
PE vs Market: T82U is poor value based on its PE Ratio (14.6x) compared to the SG market (12.9x).
Price to Earnings Growth Ratio
PEG Ratio: T82U is poor value based on its PEG Ratio (1.4x)
Price to Book Ratio
PB vs Industry: T82U is good value based on its PB Ratio (0.7x) compared to the SG REITs industry average (0.8x).
Next Steps
Future Growth
How is Suntec Real Estate Investment Trust forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?
10.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: T82U's forecast earnings growth (10.4% per year) is above the savings rate (2.2%).
Earnings vs Market: T82U's earnings (10.4% per year) are forecast to grow slower than the SG market (21.8% per year).
High Growth Earnings: T82U's earnings are forecast to grow, but not significantly.
Revenue vs Market: T82U's revenue (6.7% per year) is forecast to grow faster than the SG market (6.3% per year).
High Growth Revenue: T82U's revenue (6.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: T82U's Return on Equity is forecast to be low in 3 years time (3.5%).
Next Steps
Past Performance
How has Suntec Real Estate Investment Trust performed over the past 5 years?
-1.6%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: T82U has a large one-off gain of SGD65.8M impacting its June 30 2020 financial results.
Growing Profit Margin: T82U's current net profit margins (58.4%) are lower than last year (63.1%).
Past Earnings Growth Analysis
Earnings Trend: T82U's earnings have declined by 1.6% per year over the past 5 years.
Accelerating Growth: T82U's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: T82U had negative earnings growth (-0.9%) over the past year, making it difficult to compare to the REITs industry average (-6.7%).
Return on Equity
High ROE: T82U's Return on Equity (4.3%) is considered low.
Next Steps
Financial Health
How is Suntec Real Estate Investment Trust's financial position?
Financial Position Analysis
Short Term Liabilities: T82U's short term assets (SGD417.1M) do not cover its short term liabilities (SGD684.2M).
Long Term Liabilities: T82U's short term assets (SGD417.1M) do not cover its long term liabilities (SGD3.9B).
Debt to Equity History and Analysis
Debt Level: T82U's debt to equity ratio (70.5%) is considered high.
Reducing Debt: T82U's debt to equity ratio has increased from 56.8% to 70.5% over the past 5 years.
Debt Coverage: T82U's debt is not well covered by operating cash flow (5.4%).
Interest Coverage: T82U's interest payments on its debt are well covered by EBIT (4x coverage).
Balance Sheet
Next Steps
Dividend
What is Suntec Real Estate Investment Trust current dividend yield, its reliability and sustainability?
6.34%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: T82U's dividend (6.34%) is higher than the bottom 25% of dividend payers in the SG market (2.58%).
High Dividend: T82U's dividend (6.34%) is in the top 25% of dividend payers in the SG market (5.53%)
Stability and Growth of Payments
Stable Dividend: T82U's dividends per share have been stable in the past 10 years.
Growing Dividend: T82U's dividend payments have fallen over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (100.4%), T82U's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: T82U's dividends in 3 years are not forecast to be well covered by earnings (143.6% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.5yrs
Average management tenure
CEO
Kee Hiong Chong
1.67yrs
Tenure
Mr. Chong Kee Hiong is the Chief Executive Officer and Executive Director of ARA Trust Management (Suntec) Limited (as manager of Suntec Real Estate Investment Trust) since December 31, 2018.Mr Chong Kee H ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director of ARA Trust Management (Suntec) Limited | 1.67yrs | no data | no data | |
| Finance Director of ARA Trust Management (Suntec) Limited | 3.5yrs | no data | no data | |
| Chief Operating Officer of ARA Trust Management (Suntec) Limited | 1.92yrs | no data | no data | |
| Manager of Investor Relations - ARA Trust Management (Suntec) Limited | 9.67yrs | no data | no data | |
| Chief Executive officer of Suntec City Development Pte Ltd | no data | no data | no data | |
| Company Secretary of ARA Trust Management (Suntec) Limited | no data | no data | no data | |
| Company Secretary of ARA Trust Management (Suntec) Limited | no data | no data | no data | |
| Director of Business Development of the ARA Group | 15.25yrs | no data | no data | |
| Secretary & Director of Legal & Corporate Affairs - Suntec City Development Pte Ltd | no data | no data | no data | |
| Acting Financial Controller of Suntec City Development Pte Ltd | no data | no data | no data | |
| Assistant Director of Asset Management -ARA Trust Management (Suntec) Limited | no data | no data | no data |
3.5yrs
Average Tenure
Experienced Management: T82U's management team is considered experienced (3.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Executive Director of ARA Trust Management (Suntec) Limited | 1.67yrs | no data | no data | |
| Independent Non-Executive Director ARA Trust Management (Suntec) Limited | 3.67yrs | S$80.00k | no data | |
| Non-Executive Director of ARA Trust Management (Suntec) Limited | 13.17yrs | S$60.00k | 0.071% SGD 3.0m | |
| Non-Executive Chairman of ARA Trust Management (Suntec) Limited | 6.42yrs | S$120.00k | no data | |
| Non-Executive Director of ARA Trust Management (Suntec) Limited | 16.08yrs | S$60.00k | 0.11% SGD 4.5m | |
| Independent Non-Executive Director of ARA Trust Management (Suntec) Limited | 2.08yrs | S$80.00k | no data | |
| Independent Non-Executive Director of ARA Trust Management (Suntec) Limited | 3.67yrs | S$80.00k | no data | |
| Lead Independent Non-Executive Director of ARA Trust Management (Suntec) Limited | 1.42yrs | S$69.59k | no data |
3.7yrs
Average Tenure
63yo
Average Age
Experienced Board: T82U's board of directors are considered experienced (3.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Suntec Real Estate Investment Trust's company bio, employee growth, exchange listings and data sources
Key Information
- Name: Suntec Real Estate Investment Trust
- Ticker: T82U
- Exchange: SGX
- Founded: 2004
- Industry: Diversified REITs
- Sector: Real Estate
- Market Cap: S$4.231b
- Shares outstanding: 2.82b
- Website: https://www.suntecreit.com
Location
- Suntec Real Estate Investment Trust
- 5 Temasek Boulevard
- #12-01
- Singapore
- 38985
- Singapore
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| T82U | SGX (Singapore Exchange) | Yes | UNITS | SG | SGD | Dec 2004 |
| P3G | DB (Deutsche Boerse AG) | Yes | UNITS | DE | EUR | Dec 2004 |
| SURV.F | OTCPK (Pink Sheets LLC) | Yes | UNITS | US | USD | Dec 2004 |
Biography
Listed on 9 December 2004, Suntec REIT holds properties in Suntec City, Singapore’s largest integrated commercial development (including one of Singapore’s largest shopping Mall), a 60.8% interest in Sunte ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/09/19 19:29 |
| End of Day Share Price | 2020/09/18 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.