Every investor remembers their first stock.
While I have bought many stocks over my investing career, there are a handful that I have held for over a decade.
Suntec REIT (SGX: T82U) is one of them.
I had first scooped up units of the retail and commercial REIT during its IPO in December 2004.
Since then, I’ve held the stock for an amazing 17 years.
Here are ten things I’ve learnt from owning one of Singapore’s oldest listed REITs.
1. The fourth REIT to be listed in Singapore
It may amaze you to learn that Suntec REIT was not the first REIT to be listed in Singapore.
The pioneer in the REIT space was CapitaMall Trust back in July 2002.
The retail REIT, which currently owns malls such as Raffles City, Funan and Plaza Singapura, has since undergone a merger with sister REIT CapitaLand Commercial Trust to form CapitaLand Integrated Commercial Trust (SGX: C38U)....