SUNTEC REIT FINANCIAL RESULTS

For the 2H and Financial Year ended 31 December 2021

26 January 2022

Agenda

03

FY 21 Highlights

04

Financial Highlights

18

Capital Management

21

Singapore Office Portfolio Performance

28

Singapore Retail Portfolio Performance

34

Australia & UK Portfolio Performance

39

Looking Ahead

2

cents, +17.1%

FY 21 Highlights

DISTRIBUTABLE INCOME FROM OPERATIONS

S$247.2 million, +18.2% y-o-y

DISTRIBUTION PER UNIT TO UNITHOLDERS

8.666y-o-y

ACTIVE PORTFOLIO MANAGEMENT

AUM increased 4.3% to S$12.2 billion

  • Divestments: 9 Penang Road (16 Jun 2021) and Suntec City Office Strata Units (21 Sep 2021)
  • Acquisition: The Minster Building, London (28 Jul 2021)

SUSTAINABILITY AWARDS

  • Highest Accolade of GRESB Global Sector Leader for Office-Listed Category
  • Ranked Number One in Asia (Office)

3

FINANCIAL HIGHLIGHTS

2H 21 Financial Performance

Gross Revenue (S$ mil)

Net Property Income (S$ mil)

JV Income1 (S$ mil)

15.3%

191.3

165.9

2H 20

2H 21

30.3%

142.0

109.0

2H 20

2H 21

9.2%

52.1

56.9

2H 20

2H 21

Note:

1. Excludes share of profits relating to gain/(loss) on fair value adjustments of $18.5 mil for the half year ended 31 December 2021 ("2H 21") and ($23.8 million) for the half year ended 31 December 2020 ("2H 20").

5

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Disclaimer

Suntec Real Estate Investment Trust published this content on 25 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 January 2022 09:08:04 UTC.