- There is no official sponsor mentioned in Annual Report
- REIT manager's shareholding is high at 1.643%
- Directors of REIT manager's shareholding is high at 8.559%
Basic Profile & Key Statistics
Suntec REIT invests in Office, Retail and Convention Centre properties and owns 10 properties across Singapore, Australia and England.
Performance Highlight
Gross revenue, NPI, JV income, distributable income and DPU have improved YoY mainly due to contribution from The Minster Building and Nova properties, contribution from the completed Olderfleet from 1 August 2020, higher revenue from 21 Harris Street, 177 Pacific Highway and Suntec City.
Rental Reversion
FY21 rent reversion is 3.2% for Singapore office and -14.4% for Suntec City Mall.
Rental Reversion
In 4Q, shopper traffic and tenant sales have improved. For December, tenants sales for whole mall has recovered to 2019 average level despite shopper traffic at only 60% of 2019 average level.
Related Parties Shareholding
