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August 02, 2015 7:14 PM ET

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.

9 Temasek Boulevard #09-01

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: 63
Senior Director of Finance - ARA Trust Management (Suntec) Limited
Age: 51
Chief Executive officer of Suntec City Development Pte Ltd
Deputy Chief Executive Officer of Ara Trust Management (Suntec) Limited and Member of Risk Management Committee
Age: 53
Company Secretary of ARA Trust Management (Suntec) Limited
Compensation as of Fiscal Year 2015.

Suntec Real Estate Investment Trust Key Developments

Suntec Real Estate Investment Trust Announces Distribution Payable on August 26, 2015

Suntec Real Estate Investment Trust announced a distribution of 2.500 cents per unit for the period of 1 April 2015 to 30 June 2015, comprising a taxable income component of 2.014 cents per unit, a tax-exempt income component of 0.247 cents per unit and a capital distribution of 0.239 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 26 August 2015. Unitholders (Form A) and the depository agents (Form B and its annexes) will have to complete the forms legibly and send them to the Unit Registrar such that they are received by 14 August 2015. Close of Suntec REIT's Transfer Books and Register of Unitholders on July 31, 2015.

Suntec Real Estate Investment Trust Announces Unaudited Group Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Suntec Real Estate Investment Trust announced unaudited group earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported gross revenue of SGD 81,446,000 compared to SGD 68,114,000 a year ago. Net property income was SGD 56,919,000 compared to SGD 46,106,000 a year ago. Net income was SGD 44,974,000 compared to SGD 36,943,000 a year ago. Total return before tax was SGD 48,606,000 compared to SGD 35,425,000 a year ago. Total return for the period attributable to unit holders was SGD 44,280,000 compared to SGD 31,940,000 a year ago. Net cash flow from operating activities was SGD 54,529,000 compared to SGD 57,790,000 a year ago. Capital expenditure on investment properties was SGD 11,231,000 compared to SGD 21,186,000 a year ago. Purchase of plant and equipment was SGD 263,000 compared to SGD 818,000 a year ago. Diluted EPS was 1.580 cents compared to 1.242 cents a year ago. For the six months, the company reported gross revenue of SGD 155,909,000 compared to SGD 134,068,000 a year ago. Net property income was SGD 108,272,000 compared to SGD 89,877,000 a year ago. Net income was SGD 87,122,000 compared to SGD 75,070,000 a year ago. Total return before tax was SGD 98,823,000 compared to SGD 74,245,000 a year ago. Total return for the period attributable to unit holders was SGD 91,357,000 compared to SGD 68,968,000 a year ago. Net cash flow from operating activities was SGD 107,588,000 compared to SGD 98,663,000 a year ago. Capital expenditure on investment properties was SGD 33,609,000 compared to SGD 50,137,000 a year ago. Purchase of plant and equipment was SGD 358,000 compared to SGD 818,000 a year ago. Diluted EPS was 3.310 cents compared to 2.874 cents a year ago.

Suntec Real Estate Investment Trust to Report First Half, 2015 Results on Jul 23, 2015

Suntec Real Estate Investment Trust announced that they will report first half, 2015 results on Jul 23, 2015

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