Listed in 2004, Suntec Real Estate Investment Trust (Suntec REIT) derives income from a portfolio of prime properties, comprising of a retail mall, office buildings, and a world-class convention centre in Singapore and Australia. Presently, Suntec REIT’s market capitalisation stands at S$ 5.2 billion as of 1 April 2019.
In this article, I’ll revisit its fundamentals, bring an update on its recent financial results, and its valuation figures based on its current price of S$ 1.95 per unit. As such, here are 11 key things to know about Suntec REIT before you invest.
Suntec City(Occupancy Rate: Suntec City Office (98.6%) & Suntec City Mall (99.6%))
Net Property Income (NPI) had declined 1.3% year-on-year to S$ 206.3 million in 2018 from S$ 209.1 million in 2017. This is because the fall in NPI from Suntec City Office has outweighed its NPI growth from Suntec City Mall. The NPI fall experienced by Suntec...