Suntec Real Estate Investment Trust is a real estate investment fund managed by ARA Trust Management (suntec) Limited. The fund invests in real estate and real estate-related assets that are primarily used for retail or office purposes. Suntec Real Estate Investment Trust was formed on November 01, 2004 and is based in Singapore, Singapore.
9 Temasek Boulevard #09-01
Suntec Tower Two
Founded in 2004
Suntec REIT Announces Distribution for the Period of 1 October 2014 to 31 December 2014, Payable on February 25, 2015
Jan 22 15
Suntec REIT has announced a distribution of 2.577 cents per unit in Suntec REIT for the period of 1 October 2014 to 31 December 2014, comprising a taxable income component of 1.922 cents per unit, a tax-exempt income component of 0.475 cents per unit and a capital distribution of 0.180 cents per unit, payable on February 25, 2015 of record date January 30, 2015. Ex date is January 28, 2015.
Suntec Real Estate Investment Trust Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014
Jan 22 15
Suntec Real Estate Investment Trust reported earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, gross revenue was SGD 76,845,000 compared to SGD 71,617,000 a year ago. Net property income was SGD 52,993,000 compared to SGD 49,781,000 a year ago. Distributable income was SGD 64,556,000 compared to SGD 58,182,000 a year ago. Distribution per unit was 2.577 cents compared to 2.562 cents a year ago. Gross revenue and net property were 7.3% and 6.5% higher year-on-year respectively. This was mainly due to the opening of Phase 2 of Suntec City mall and Suntec Singapore following the completion of the AEI works and higher office income.
For the year, gross revenue was SGD 282,407,000 compared to SGD 234,091,000 a year ago. Net property income was SGD 191,627,000 compared to SGD 148,670,000 a year ago. Distributable income was SGD 230,286,000 compared to SGD 211,157,000 a year ago. Distribution per unit was 9.400 cents compared to 9.328 cents a year ago. Gross revenue and net property were 20.6% and 28.9% higher year-on-year respectively. This was due to the opening of Suntec City Phase 1 and Suntec Singapore in the second half of 2013.
Suntec Real Estate Investment Trust to Report Fiscal Year 2014 Results on Jan 22, 2015
Jan 12 15
Suntec Real Estate Investment Trust announced that they will report fiscal year 2014 results After-Market on Jan 22, 2015