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Why I am Staying Invested in Suntec REIT
By InvestingNote  •  June 15, 2023
Original Post from THE SINGAPOREAN INVESTOR From its property in Suntec City when it was listed back in 09 December 2004, Suntec REIT’s (SGX:T82U) portfolio has expanded to include multiple commercial properties in Singapore, Australia, as well as in the United Kingdom worth over S$12 billion as at 31 December 2022. ‌The Singapore-listed REIT is also among the 10 REITs that I’m currently invested in. Among the reasons why I have made the investment decision back in February 2020, based on the statistics between FY2012 and FY2019 (a period of 8 financial years) include: Consistent financial performances over the years, where its gross revenue and net profit income grew at a compound annual growth rate (CAGR) of 4.3% and 4.7%;Portfolio occupancy rate of its retail and office properties were maintained at around the 98-99% level throughout the 8 years I have looked at, which in my opinion is a very...
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By InvestingNote
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