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May 03, 2015 7:11 AM 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 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

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: 62
Senior Director of Finance - ARA Trust Management (Suntec) Limited
Age: 50
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: 52
Company Secretary of ARA Trust Management (Suntec) Limited
Compensation as of Fiscal Year 2014.

Suntec Real Estate Investment Trust Key Developments

Suntec Real Estate Investment Trust Announces Distribution for the Period of 1 January 2015 to 31 March 2015, Payable on 26 May 2015

Suntec Real Estate Investment Trust announced that the transfer books and register of unitholders of company will be closed on 4 May 2015 being the record date for the purpose of determining unitholders entitlements to Suntec REIT's distribution. Suntec REIT has announced a distribution of 2.230 cents per unit for the period of 1 January 2015 to 31 March 2015, comprising a taxable income component of 1.963 cents per unit and a tax-exempt income component of 0.267 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 May 2015.

Suntec Real Estate Investment Trust Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2015

Suntec Real Estate Investment Trust announced unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company gross revenue was SGD 74,462,000 against SGD 65,955,000 a year ago. The increase was mainly due to the opening of Suntec City mall (Phase 2) following the completion of the asset enhancement works and higher revenue achieved by Suntec Singapore Convention & Exhibition Centre. Net property income was SGD 51,353,000 against SGD 43,771,000 a year ago, an increase of SGD 7.6 million or 17.3% year-on-year due mainly to the opening of Suntec City mall (Phase 2) and improved contribution from Suntec Singapore. Net income was SGD 42,148,000 against SGD 38,127,000 a year ago. Total return before tax was SGD 50,217,000 against SGD 38,820,000 a year ago. Total return for the period after tax was SGD 48,706,000 against SGD 38,192,000 a year ago. Attributable to Unit holders was SGD 47,079,000 against SGD 37,029 a year ago. Net cash flow from operating activities was SGD 53,105,000 against SGD 40,915,000 a year ago. Capital expenditure on investment properties was SGD 22,236,000 against SGD 28,950,000 a year ago. Purchase of plant and equipment was SGD 95,000. NAV per unit as at March 31, 2015 was SGD 2.107 against SGD 2.117 a year ago. Earnings per unit for the period based on the fully diluted basis was 1.724 cents against 1.593 cents a year ago.

Suntec Real Estate Investment Trust to Report Q1, 2015 Sales/Trading Statement Results on Apr 23, 2015

Suntec Real Estate Investment Trust announced that they will report Q1, 2015 sales/trading statement results After-Market on Apr 23, 2015

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