Thursday, June 13, 2024

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Potential Means to Improve DPU by 15.7% with Sale of JVs and a Dividend Grasp REIT

As readers would know, I’m on the lookout for new corporations so as to add to my portfolio. At this time after scouring the SGX listed corporations, one other has come to my listing and that’s Suntec REIT. Suntec REIT shouldn’t be as a result of its dividend however due to the potential optimistic DPU enhance if it delverages. Let’s examine the maths beneath:

Suntec’s SGD Debt

Suntec has SGD$3.486 billion debt at a median weighted debt price of 4.6% rates of interest. Yearly Suntec REIT is paying $160.35 million in curiosity.

Suntec Valuer Valuation of its 33% JVs

Suntec’s 33% JV has an general valuation of SGD$3.142 billion and earns $109 million. All information is present in its annual report and valuation was achieved by respected valuers.

Sale of JV and DPU accredition

A sale of its JV at say SGD$3.1 billion (nett of 1%

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