Shares & Derivatives
7 things I learned from the 2018 Suntec REIT AGM
By The Fifth Person  •  April 18, 2018
Suntec REIT is a Singapore-listed office and retail REIT. It currently owns/co-owns four properties in Singapore (Suntec City, One Raffles Quay, Marina Bay Financial Centre, 9 Penang Road), two properties in Melbourne (Southgate Complex, 477 Collins Street) and one property in Sydney (177 Pacific Highway). As at 31 December 2017, its property portfolio was valued at $9.4 billion. Suntec REIT is currently on our watchlist, and I attended the annual general meeting to evaluate its past year’s performance and its plans for the year ahead. Here are seven things I learned from the 2018 Suntec REIT AGM: 1. Gross revenue grew 7% year-on-year to $354.2 million and net property income (NPI) grew 8.9% to 244.5 million. NPI growth was mainly due to higher contributions from 177 Pacific Highway and Suntec City. Suntec City remains the REIT’s largest NPI contributor at 63%.

Source: Suntec REIT 2017 annual ...

...
Read the full article
By The Fifth Person
The Fifth Person believes in spreading a message that financial literacy and sound investment knowledge can help people around the world achieve financial independence and lead better lives for themselves and their loved ones.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance