Suntec Real Estate Investment Trust
Market Cap
S$5.3b
Last Updated
2019/10/19 12:32 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 which is under construction.
Snowflake
Fundamentals
Second-rate dividend payer with questionable track record.
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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
Market Performance
7 Day Return
0%
T82U
-0.2%
SG REITs
-0.002%
SG Market
1 Year Return
3.9%
T82U
18.0%
SG REITs
0.7%
SG Market
Return vs Industry: T82U underperformed the SG REITs industry which returned 18% over the past year.
Return vs Market: T82U exceeded the SG Market which returned 0.7% over the past year.
Shareholder returns
| T82U | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -0.2% | -0.002% |
| 30 Day | -2.6% | 0.6% | -1.4% |
| 90 Day | -3.1% | 0.7% | -7.3% |
| 1 Year | 9.6%3.9% | 25.2%18.0% | 4.7%0.7% |
| 3 Year | 27.3%8.4% | 44.3%19.1% | 15.1%2.8% |
| 5 Year | 38.7%5.3% | 60.5%15.7% | 10.1%-8.2% |
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
1 week ago | Simply Wall St
Know This Before Buying Suntec Real Estate Investment Trust (SGX:T82U) For Its Dividend1 month ago | Simply Wall St
Based On Its ROE, Is Suntec Real Estate Investment Trust (SGX:T82U) A High Quality Stock?1 month ago | Simply Wall St
Do Insiders Own Lots Of Shares In Suntec Real Estate Investment Trust (SGX:T82U)?Valuation
Is Suntec Real Estate Investment Trust undervalued compared to its fair value and its price relative to the market?
17.42x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Undervalued: T82U (SGD1.88) is trading above our estimate of fair value (SGD1.51)
Significantly Undervalued: T82U is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: T82U is poor value based on its PE Ratio (17.4x) compared to the REITs industry average (15.7x).
PE vs Market: T82U is poor value based on its PE Ratio (17.4x) compared to the SG market (13.5x).
Price to Earnings Growth Ratio
Low PEG Ratio: T82U is poor value based on its PEG Ratio (80.7x)
Price to Book Ratio
PB vs Industry: T82U is good value based on its PB Ratio (0.9x) compared to the SG REITs industry average (1x).
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 15 analysts?
0.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: T82U's forecast earnings growth (0.2% per year) is below the savings rate (2.3%).
Earnings vs Market: T82U's earnings (0.2% per year) are forecast to grow slower than the SG market (5.5% per year).
High Growth Earnings: T82U's earnings are forecast to grow, but not significantly.
Revenue vs Market: T82U's revenue (4.2% per year) is forecast to grow slower than the SG market (5.4% per year).
High Growth Revenue: T82U's revenue (4.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
High Future ROE: T82U's Return on Equity is forecast to be low in 3 years time (7.1%).
Next Steps
Past Performance
How has Suntec Real Estate Investment Trust performed over the past 5 years?
-6.8%
Historical annual earnings growth
Earnings and Revenue History
Past Earnings Growth Analysis
Earnings Trend: T82U's earnings have declined by -6.8% per year over the past 5 years.
Accelerating Growth: T82U's earnings growth over the past year (12.6%) exceeds its 5-year average (-6.8% per year).
Earnings vs Industry: T82U earnings growth over the past year (12.6%) exceeded the REITs industry 0.3%.
Return on Equity
High ROE: T82U's Return on Equity (5%) is considered low.
Return on Assets
ROA vs Industry: T82U's Return on Assets is below or equal to the REITs industry average last year.
Return on Capital Employed
ROCE Improving: T82U's Return on Capital Employed has declined over the past 3 years.
Next Steps
Financial Health
How is Suntec Real Estate Investment Trust's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Inventory Level: T82U has a high level of physical assets or inventory.
Debt Coverage by Assets: T82U's debt is not covered by short term assets (assets are 0.1x debt).
Financial Institutions Analysis
Asset Level: T82U's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if T82U has a sufficient allowance for bad loans.
Low Risk Liabilities: T82U reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if T82U has an acceptable proportion of non-loan assets held.
Low Risk Deposits: T82U has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if T82U has an appropriate level of bad loans.
Next Steps
Dividend
What is Suntec Real Estate Investment Trust's current dividend yield, its reliability and sustainability?
5.31%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Stability and Growth of Payments
Notable Dividend: T82U's dividend (5.31%) is higher than the bottom 25% of dividend payers in the SG market (2.55%).
High Dividend: T82U's dividend (5.31%) is low compared to the top 25% of dividend payers in the SG market (5.71%).
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 (142.3%), T82U's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: T82U's dividends in 3 years are forecast to be thoroughly covered by earnings (0.05% payout ratio).
Next Steps
Management
What is the CEO of Suntec Real Estate Investment Trust's salary, the management and board of directors tenure and is there insider trading?
2.6yrs
Average management tenure
CEO
Kee Hiong Chong 0
0.8yrs
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 ...
Management Age and Tenure
2.6yrs
Average Tenure
Experienced Management: T82U's management team is considered experienced (2.6 years average tenure).
Board Age and Tenure
2.8yrs
Average Tenure
62yo
Average Age
Experienced Board: T82U's board of directors are not considered experienced ( 2.8 years average tenure), which suggests a new board.
Insider Trading
Insider Buying: T82U insiders have only sold shares in the past 3 months.
Recent Insider Transactions
| Entity | Company |
| Shares | 600,068 |
| Max Price | S$1.95 |
| Entity | Individual |
| Role | Member of the Board of Directors Non-Executive Director of ARA Trust Management (Suntec) Limited |
| Shares | 221,728 |
| Max Price | S$1.90 |
| Entity | Company |
| Shares | 1,500,000 |
| Max Price | S$1.94 |
| Entity | Company |
| Shares | 188,200 |
| Max Price | S$1.85 |
| Entity | Company |
| Shares | 3,004,969 |
| Max Price | S$1.95 |
| Entity | Company |
| Shares | 1,554,677 |
| Max Price | S$1.91 |
| Entity | Company |
| Shares | 2,500,000 |
| Max Price | S$1.89 |
| Entity | Company |
| Shares | 18,600 |
| Max Price | S$1.94 |
| Entity | Company |
| Shares | 25,674,900 |
| Max Price | S$1.82 |
| Entity | Individual |
| Shares | 1,114,516 |
| Max Price | S$1.79 |
| Entity | Company |
| Shares | 80,100 |
| Max Price | S$1.74 |
| Entity | Company |
| Shares | 3,151,946 |
| Max Price | S$1.87 |
Ownership Breakdown
Management Team
Kar Tung Quek
Director of Business Development of the ARA Group
- Tenure: 14.3yrs
Patrick Lum
Chief Executive officer of Suntec City Development Pte Ltd
- Tenure: 0yrs
Stella Chiam
Secretary & Director of Legal & Corporate Affairs - Suntec City Development Pte Ltd
- Tenure: 0yrs
Sharon Yeoh (60yo)
Company Secretary of ARA Trust Management (Suntec) Limited
- Tenure: 0yrs
Keng Tay
Acting Financial Controller of Suntec City Development Pte Ltd
- Tenure: 0yrs
Melissa Chow
Manager of Investor Relations - ARA Trust Management (Suntec) Limited
- Tenure: 8.8yrs
Wai Chiang
Company Secretary of ARA Trust Management (Suntec) Limited
- Tenure: 0yrs
Dawn Lai
Chief Operating Officer of ARA Trust Management (Suntec) Limited
- Tenure: 1yrs
Ee Ng (43yo)
Finance Director of ARA Trust Management (Suntec) Limited
- Tenure: 2.6yrs
Kee Hiong Chong
CEO & Executive Director of ARA Trust Management (Suntec) Limited
- Tenure: 0.8yrs
Board Members
Peter Chan (59yo)
Independent Non-Executive Director ARA Trust Management (Suntec) Limited
- Tenure: 2.8yrs
- Compensation: S$80.00k
John Chow (70yo)
Non-Executive Director of ARA Trust Management (Suntec) Limited
- Tenure: 12.3yrs
- Compensation: S$60.00k
Gek Khim Chew (57yo)
Non-Executive Chairman of ARA Trust Management (Suntec) Limited
- Tenure: 5.5yrs
- Compensation: S$120.00k
John Lim (62yo)
Non-Executive Director of ARA Trust Management (Suntec) Limited
- Tenure: 15.2yrs
- Compensation: S$60.00k
Wai Han Lock (51yo)
Independent Non-Executive Director of ARA Trust Management (Suntec) Limited
- Tenure: 1.2yrs
- Compensation: S$33.53k
Yee Yu-Foo (68yo)
Independent Non-Executive Director of ARA Trust Management (Suntec) Limited
- Tenure: 2.8yrs
- Compensation: S$80.00k
Chee Meng Yap (64yo)
Lead Independent Non-Executive Director
- Tenure: 0.5yrs
Kee Hiong Chong
CEO & Executive Director of ARA Trust Management (Suntec) Limited
- Tenure: 0.8yrs
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$5.260b
- Shares outstanding: 2.80b
- 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 | 2019/10/19 12:32 |
| End of Day Share Price | 2019/10/18 00:00 |
| Earnings | 2019/06/30 |
| Annual Earnings | 2018/12/31 |
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.