---
title: "Darren Chan Reiterates Buy on Suntec REIT, Citing Strong Singapore Core, High Occupancy and Attractive Yield at NAV Discount"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284241719.md"
description: "Phillip Securities analyst Darren Chan has reiterated a Buy rating on Suntec REIT (SURVF) due to strong core operations in Singapore, high occupancy rates, and attractive yields at a discount to net asset value. The 1Q26 distribution per unit increased significantly, supported by lower financing costs and robust contributions from Singapore's office and retail sectors. Chan highlights the REIT's stable cash flows and management's strategy to divest foreign properties to maintain leverage. DBS also maintains a Buy rating with a S$1.60 price target."
datetime: "2026-04-27T15:15:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284241719.md)
  - [en](https://longbridge.com/en/news/284241719.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284241719.md)
---

# Darren Chan Reiterates Buy on Suntec REIT, Citing Strong Singapore Core, High Occupancy and Attractive Yield at NAV Discount

Phillip Securities analyst Darren Chan has maintained their bullish stance on SURVF stock, giving a Buy rating on April 24.

### Claim 55% Off TipRanks

-   Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
-   Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks

Darren Chan has given his Buy rating due to a combination of factors including resilient core operations in Singapore and healthy distribution growth. Suntec’s 1Q26 distribution per unit rose sharply year on year, largely helped by lower financing costs and stronger contributions from its Singapore office and retail assets, while rental reversions in both segments signal sustained demand and pricing power.

At the same time, office and retail occupancies in Singapore remain very high, supporting stable cash flows even as overseas assets lag. Management’s intention to divest selected foreign properties to keep leverage around 40%, together with locked‑in energy costs and a forward dividend yield above 5% at a discount to net asset value, underpins his view that the current valuation is attractive relative to the REIT’s fundamentals.

Chan covers the Real Estate sector, focusing on stocks such as Keppel DC REIT, CapitaLand Investment Limited, and Prime US REIT. According to TipRanks, Chan has an average return of 7.2% and a 67.24% success rate on recommended stocks.

In another report released on April 24, DBS also maintained a Buy rating on the stock with a S$1.60 price target.

### Related Stocks

- [T82U.SG](https://longbridge.com/en/quote/T82U.SG.md)
- [AJBU.SG](https://longbridge.com/en/quote/AJBU.SG.md)
- [9CI.SG](https://longbridge.com/en/quote/9CI.SG.md)
- [OXMU.SG](https://longbridge.com/en/quote/OXMU.SG.md)
- [D05.SG](https://longbridge.com/en/quote/D05.SG.md)
- [X1JU.SG](https://longbridge.com/en/quote/X1JU.SG.md)

## Related News & Research

- [LIRR issues advice to New York commuters as rail strike enters its 3rd day: Work from home if you can](https://longbridge.com/en/news/286761963.md)
- [Treasury yields rise sharply as Hormuz hopes fade away](https://longbridge.com/en/news/286608174.md)
- [This 7.2% yield is safe and on stronger ground than it seems](https://longbridge.com/en/news/286679043.md)
- [Germany’s debt trajectory points to higher bond yields](https://longbridge.com/en/news/286859839.md)
- [Verizon and 4 other stocks with 5% yields—and market-beating returns](https://longbridge.com/en/news/286926821.md)