Suntec Reit (SGX. T82U) announced its 2H 2021 results today. Gross revenue increases 15.3% Year-on-Year and net property income increases 30.3% Year-on-Year compared to 2H 2020. DPU for 2021 increases 17.1% Year-on-Year to 8.666 cents. Most importantly, DPU of 2.28 cents for 4Q 2021 will be paid on 28 Feb 2022. It is important to note that the lower occupancy in Singapore office properties of One Raffles Quay and MBFC are partially offset by higher rental reversion of +3.2%. Overall occupancy in Singapore properties remain high at 97.5%. There are new contributions from Nova properties and the Minster Building. Suntec City strata office units and 9 Penang Road have been divested. In terms of Suntec City's financial health, gearing ratio is quite high at 43.7%. All in financing cost is 2.35% per annum. Adjusted interest coverage ratio is relatively low at 2.6 times. NAV of $2.11 signifies Suntec Reit is undervalued based on share price of $1.54....