0133 GMT - Suntec REIT likely faces some headwinds at home and abroad, OCBC Investment Research says in a note. Rental adjustments for the REIT's Singapore office assets are expected to moderate in the future, and there continues to be uncertainty over the longer-term impact of work-from-home trends, OCBC says. In Australia and the U.K., the REIT's office portfolio has been affected by impairments to asset valuations given increases in capitalization rates and some pressure on occupancy rates. Other headwinds include the REIT's relatively high aggregate leverage ratio. OCBC lowers the REIT's fair value estimate to S$1.14 from S$1.19 with an unchanged hold rating. Units are unchanged at S$1.14. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 20:33 ET (01:33 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。