Suntec Real Estate Investment Trust

T82U: XSES (SGP)
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Suntec REIT Earnings: Distribution Beat on Lower Financing Cost; Valuation Raised by 20%

Suntec REIT's fourth-quarter distribution per unit rose 33.9% year on year to SGD 0.02102. The growth was driven by stronger operating performance in the Singapore portfolio and lower financing costs, offset by weaker performance in the overseas portfolio.

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