SUNTEC REIT
FINANCIAL
RESULTS
For the Half Year ended 30 June 2023
Citi ASEAN Financials and Real Estate Investment Forum 2023
15 August 2023
Agenda
03 | 18 |
1H 23 Financial Overview | Singapore Office Portfolio Performance |
04 | 31 |
1H 23 Operational Overview | Australia Portfolio Performance |
05 | 35 |
Financial Highlights | UK Portfolio Performance |
15 | 38 |
Capital Management | Singapore Retail Portfolio Performance |
48 | |
Suntec Convention Performance |
51
Our ESG Commitment
56
Looking Ahead
Suntec City Office, Singapore
1H 23 Financial Overview
Distributable Income to
Unitholders
S$100.5 million
-27.2%y-o-y
Distribution Income
from Operations
S$89.0 million
-29.7%y-o-y
Capital Distribution
S$11.5 million
Distribution Per Unit
to Unitholders
3.476 cents
-27.7%y-o-y
DPU from
Operations
3.078 cents
-30.2%y-o-y
DPU from Capital
0.398 cents
Capital Management
Fixed Interest Rate Borrowings
58%1
- of Foreign Currency Income Hedged
63%
Divestment
Divestment of 3 strata units at
Suntec Office Towers.
Estimated sale completion in 2H 23
Note:
1. Including joint venture loans, the total interest rate borrowings (fixed) is 54.3%.
3
1H 23 Operational Overview
Portfolio Committed Occupancy | Portfolio WALE |
98.6% | 97.5% | 4.3 | ||
2.2 | ||||
Office Portfolio | Retail Portfolio | Office Portfolio | Retail Portfolio |
Work Done
551,400 sq ft
Office Portfolio
Retail Portfolio
75%25%
67%33%
Renewal Leases | New Leases | |
4
Suntec City | MBFC Properties | One Raffles Quay | Olderfleet, 477 Collins Street |
Financial
Highlights
The Minster Building | 177 Pacific Highway | 55 Currie Street | Nova Properties |
21 Harris Street | Southgate Complex |
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Disclaimer
Suntec Real Estate Investment Trust published this content on 15 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2023 01:09:08 UTC.