Suntec REIT 3Q2020 Financial Results have been released on 22nd October 2020. Suntec REIT used to be my favorite REIT but I have since sold it away due to lacklustre performance. Many of us are familiar with Suntec City Mall and thought that Suntec REIT is a pure retail REIT. Suntec REIT is a retail and office REIT. Its portfolio comprises of office and retail properties in Singapore and Australia. How has COVID-19 impacted Suntec REIT? Let us take a look at the latest 3Q2020 financial results. In 3Q2020, Gross Revenue and Net Property Income (“NPI”) fell by 13.4% and 19.0% respectively. Distributable income fell by 12.6% due to rental assistance for tenants in Suntec City Mall, Marina Bay Link Mall and Southgate Complex Retail. The weakness was partially offset by better performance and contributions from its Australian office portfolio and better performance at One Raffles Quay. As such, a distribution of 1.848 cents was declared. This was a drop of 21.9% as compared to 3Q2019....