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
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.