SUNTEC REIT
1H 2021 FINANCIAL RESULTS
CITIC CLSA Flagship Investors' Forum 2021
16 September 2021
Agenda
03
1H 21 Highlights
04
Financial Highlights
12
Divestments & Acquisition Updates
21
Capital Management
24
Singapore Office Portfolio Performance
31
Singapore Retail Portfolio Performance
37
Australia & UK Portfolio Performance
40
Looking Ahead
2
1H 21 Highlights
DISTRIBUTABLE INCOME FROM OPERATIONS
S$118.2 million, +14.6% y-o-y
DISTRIBUTION PER UNIT TO UNITHOLDERS
4.154 cents, +26.1% y-o-y
DIVESTMENTS
9 Penang Road - S$295.5 mil, NPI Yield 3.3%
Suntec City Office Strata Units - S$197.0 mil, NPI Yield 3.1%
ACQUISITION
The Minster Building, City of London - £353.0 mil, NPI Yield 4.5%
DPU Accretion of 3.6% & NAV Accretion of 0.7%
3
FINANCIAL HIGHLIGHTS
1H 21 Financial Performance
Gross Revenue | Net Property Income | JV Income |
11.6% | |
149.4 | 166.8 |
1H 20 | 1H 21 |
23.9% | |
112.6 | |
90.9 | |
1H 20 | 1H 21 |
31.7% | |
60.4 | |
45.8 | |
1H 20 | 1H 21 |
5
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Disclaimer
Suntec Real Estate Investment Trust published this content on 13 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2021 07:31:07 UTC.