Trade Suntec Reit - T82Usg CFD

Suntec Reit Company profile

About Suntec Real Estate Investment Trust

Suntec Real Estate Investment Trust is a Singapore-based real estate investment trust (REIT). The principal activity of the Company and its subsidiaries is to invest in income producing real estate and real estate related assets, which are used or used for commercial purposes, with the primary objective of achieving a return from rental income and for long term capital growth. It owns Suntec City Mall, which comprises approximately 815,000 square feet of net lettable area and certain office units in Suntec Towers One, Two and Three and the whole of Suntec Towers Four and Five, which form part of the integrated commercial development, Suntec City. The property portfolio also comprises approximately 66.3% interest in Suntec Singapore Convention & Exhibition Centre and approximately 143,000 square feet of net lettable area of Suntec City Mall (Suntec Singapore). It also owns various other properties. The Company is managed by ARA Trust Management (Suntec) Limited.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Suntec Real Estate Investment Trust revenues increased 14% to SP$358.1M. Net income applicable to common stockholders totaled SP$465.3M vs. loss of SP$72.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Net Operating Income (NOI)-Suntec City increase of 14% to SP$155.5M.

Equity composition

12/08 Year end change from Sep to Dec