Shares & Derivatives
Suntec REIT FY19 Distribution Per Unit Fell 4.8%
By My Sweet Retirement  •  February 14, 2020

It has almost been 2 years since I divested Suntec REIT. Recently, I visited Suntec City mall and I decided to take a look how Suntec REIT is performing over the 2 years. In the latest 4Q2019 financial results, gross revenue increased by 3.5% to S$96.7 million as compared with 4Q2018. The improve in revenue was due to contributions from 55 Currie Street (acquired in September 2019) as well as increase in retail and office revenue from Suntec City which was partially offset by lower revenue from Suntec Convention.

The below bar chart shows the improvement in gross revenue broken down by the assets under Suntec REIT. The lower revenue contribution from 177 Pacific Highway was due to weakened Australian Dollar (AUD).

4Q2019 Financial Results 4Q2019
(S$’000) 4Q2018
(S$’000) YoY(%) Gross Revenue 96,718 93,453 3.5% Net Property Income 63,269 60,726 4.2% Distributable Amount 65,986 69,459 (5.0)% Distribution Per Unit...
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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