Basic Profile & Key Statistics Suntec REIT (Suntec) invests in Office, Retail and Convention Centre properties. I've classified the convention centre as the Hospitality sector as its purpose is similar to event halls in hotels. Suntec owns 10 properties in Singapore and Australia. Quarter Performance Review Gross revenue, net property and income from JV decreased by13.4% YoY, 19% YoY and 14.7% YoY respectively. Distribution income from operation (exclude the partial distribution from asset disposal) decreased by 12.6% YoY. The dropped is cushioned by contributions from 3 Australia properties. Out of these, 21 Harris and 477 Collins only started to contribute income this year while 55 Currie only started to contribute since Sep 2019. DPU dropped 21.9% YoY, if we consider only DPU for operation, the drop is 13.4% YoY. As for the proposed acquisition of Nova Properties, the EGM is expected to be held in December and completed within the same month. Post-acquisition, gearing would be increased to beyond 45%. For more detail, please refer to my previous post on Review on Suntec REIT Proposed Acquisition of 50%...