Suntec REIT announces its results for 3QFY15 on 22nd October 2015.
DPU rises 8.3% to 2.522 cents as compared to the same period last year.
Suntec REIT portfolio includes
- Suntec City
- Park mall (in the midst of divesting, to be completed by end FY2015)
- One Raffles Quay (one-third)
- MBFC Properties (one-third)
- 177 Pacific Highway, an iconic landmark office development in North Sydney (100% by early 2016)
Key Financial Indicators
- Office revenue contributed approximately 40.0% of the Total Gross Revenue for 3Q FY15.
- Retail revenue contributed approximately 41.0% of the Total Gross Revenue for 3Q FY15.
- Convention revenue contributed approximately 19% of the Total Gross Revenue for 3Q FY15.
Debt to asset ratio stood at 35.8%.
Debt Maturity Profile
Occupancy
Suntec City retail occupancy stood healthy at 96.5%.
Suntec City office
occupancy remains healthy at 99.5%. This is above the Singapore average Central Business District (CBD) ......
