Shares & Derivatives
Suntec REIT Analysis @ 12 July 2020
By REIT-TIREMENT  •  July 12, 2020
Suntec REIT derived its income from Office, Retail, and Hospitality sector. The above chart shows sector weightage by NPI. And NO, Suntec REIT does not own any hotel, but it owns convention centre. I've classified convention centres under Hospitality sector as its purpose is similar to event halls in hotels. Suntec REIT is currently 1 of the 5 stocks in STI reserve list. Lease Profile Occupancy is high at 98.7%. WALE is short at 3.09 years where its highest lease expiry of around 25% is in the year 2021. Weighted average land lease expiry is slightly longer than SREITs median. Debt Profile Gearing is high at 39.9%.  Cost of debt of 2.9% is at median level despite high unsecured debt of 90%. Fixed rate debt is low at 65% which is favorable in the current low interest environment. Interest cover is quite low at only 2.7 times. WADE is long at 3.36 years where its highest expiry of 30% is in FY2024....
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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