Suntec REIT (SGX: T82U) is one of the pioneer composite REITs in Singapore and has income-producing real estate mainly used for office and retail purposes. As suburban malls were among the first to benefit from the post-pandemic recovery due to the gradual reopening of malls and office workspaces, investors are now thinking if Suntec REIT is a good investment while we continue to ride on the recovery wave back to pre-pandemic levels.
Let’s take a deep dive into Suntec REIT’s track record, portfolio performance, and long-term growth catalysts as well as risks that investors should know about before investing.
Portfolio Overview
REIT’s portfolio comprises office and retail properties in Suntec City, Suntec Singapore Convention & Exhibition Centre, One Raffles Quay, and Marina Bay Financial Centre Towers 1 and 2, and the Marina Bay Link Mall. Located in Singapore’s Central Business District, these places are often densely populated with working professionals that generate most of the induced income, vital to the performance of Suntec REIT....