Suntec Real Estate Investment Trust (Suntec REIT) and Mapletree Commercial Trust (MCT) share quite a few similarities between them. They are both major REIT with a large market capitalisation of around $4.7 billion – so big that they occupy the two spots of Straits Times Index reserve list. Both are hybrid REIT that owns major shopping malls other types of real estate assets including office and business parks.

As close industry peers, it makes an interesting case to compare and contrast their businesses in a bid to determine which is a better-quality company. Let’s take a closer look in this article.

Portfolio Overview

Suntec REIT owns prime retail and commercial properties located in the Marina Bay and civic district of Singapore, which includes Suntec City (Office and Retail), Suntec Singapore, Marina Bay Financial Centre and One Raffles Quay. 15% of its portfolio assets are retail and office properties in …