Some insights of Suntec REIT’s portfolio, Tenants and Net Property Income from their annual report and key pointers to take note. This post was originally posted here. The writer, Jun Yuan Lim is a veteran community member and blogger on InvestingNote, with username known as ljunyuan and has 886 followers.
Suntec REIT (SGX:T282U), another long-term investment of mine, released their annual report for the financial year ended 31 December 2019 last Thursday (09 April 2020.)
I have gone through the report, identify key pointers to take note of, and am going to present them in today’s post for the benefit of those who do not have the time to go through it:
Suntec REIT’s Key Figures in FY2019 at a Glance:
Net Property Income: Decreased 2.0% year-on-year (y-o-y) to S$236.2mil due to the sinking fund contribution from Suntec City upgrading works (excluding it, the Net Property Income would be 1.3% higher y-o-y) Distributable Income from