September 27, 2016 2:02 AM ET

Equity Real Estate Investment Trusts (REITs)

Company Overview of Suntec Real Estate Investment Trust

Company Overview

Suntec Real Estate Investment Trust is a real estate investment fund launched and managed by ARA Trust Management (Suntec) Limited. It invests in the real estate markets of Singapore. 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.

6 Temasek Boulevard, Suite 16-05

Suntec Tower Two

Singapore,  038989

Singapore

Founded in 2004

Phone:

65 6835 9232

Fax:

65 6835 9672

Key Executives for Suntec Real Estate Investment Trust

Chief Executive Officer of ARA Trust Management (Suntec) Limited, Executive Director of ARA Trust Management (Suntec) Limited and Chairman of Risk Management Committee
Age: 64
Senior Finance Director of Ara Trust Management (Suntec) Limited and Member of Risk Management Committee
Age: 52
Chief Operating Officer of ARA Trust Management (Suntec) Limited
Age: 43
Chief Executive officer of Suntec City Development Pte Ltd
Company Secretary of Ara Trust Management (Suntec) Limited
Age: 57
Compensation as of Fiscal Year 2016.

Suntec Real Estate Investment Trust Key Developments

Suntec Real Estate Investment Trust Announces Distribution for the Period of 1 April 2016 to 30 June 2016, Payable on 25 August 2016

Suntec Real Estate Investment Trust announced a distribution of 2.501 cents per unit for the period of 1 April 2016 to 30 June 2016, comprising a taxable income component of 1.757 cents per unit, a tax-exempt income component of 0.428 cents per unit and a capital distribution of 0.316 cents per unit. Holders of Units whose securities accounts with The Central Depository (Pte) Limited are credited with Suntec REIT Units as at record date will be entitled to the distribution that will be paid on 25 August 2016. The transfer books and register of unitholders of company will be closed on 29 July 2016 being the record date for the purpose of determining unit holders' entitlements to distribution.

Suntec Real Estate Investment Trust Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2016

Suntec Real Estate Investment Trust reported earnings results for the second quarter and six months ended June 30, 2016. For the quarter, gross revenue was SGD 78,938,000 against SGD 81,446,000 a year ago. Net property income was SGD 52,673,000 against SGD 56,919,000 a year ago. Distributable income from operations was SGD 63,325,000 against SGD 62,855,000 a year ago. Distribution per unit - from operations was 2.501 cents against 2.500 cents a year ago. Net assets attributable to unitholders as at June 30, 2016 were SGD 5,386 million. NAV per unit as at June 30, 2016 was SGD 2.126. Adjusted NAV per unit as at June 30, 2016 was SGD 2.101. For six months, gross revenue was SGD 157,281,000 against SGD 155,909,000 a year ago. Net property income was SGD 106,645,000 against SGD 108,272,000 a year ago. Distributable income from operations was SGD 123,328,000 against SGD 118,852,000 a year ago. Distribution per unit - from operations was 4.872 cents against 4.730 cents a year ago.

Suntec Real Estate Investment Trust to Report First Half, 2016 Results on Jul 21, 2016

Suntec Real Estate Investment Trust announced that they will report first half, 2016 results on Jul 21, 2016

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
November 4, 2015
Three Floors of Strata office Space at Suntec Tower Two
 

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