SUNTEC REIT
FINANCIAL
RESULTS
For the Half Year ended 30 June 2023
Citi ASEAN Financials and Real Estate Investment Forum 2023
15 August 2023
Agenda
03 | 18 |
1H 23 Financial Overview | Singapore Office Portfolio Performance |
04 | 31 |
1H 23 Operational Overview | Australia Portfolio Performance |
05 | 35 |
Financial Highlights | UK Portfolio Performance |
15 | 38 |
Capital Management | Singapore Retail Portfolio Performance |
48 | |
Suntec Convention Performance |
51
Our ESG Commitment
56
Looking Ahead
Suntec City Office, Singapore
1H 23 Financial Overview
Distributable Income to
Unitholders
S$100.5 million
-27.2%y-o-y
Distribution Income
from Operations
S$89.0 million
-29.7%y-o-y
Capital Distribution
S$11.5 million
Distribution Per Unit
to Unitholders
3.476 cents
-27.7%y-o-y
DPU from
Operations
3.078 cents
-30.2%y-o-y
DPU from Capital
0.398 cents
Capital Management
Fixed Interest Rate Borrowings
58%1
- of Foreign Currency Income Hedged
63%
Divestment
Divestment of 3 strata units at
Suntec Office Towers.
Estimated sale completion in 2H 23
Note:
1. Including joint venture loans, the total interest rate borrowings (fixed) is 54.3%.
3
1H 23 Operational Overview
Portfolio Committed Occupancy | Portfolio WALE |
98.6% | 97.5% | 4.3 | ||
2.2 | ||||
Office Portfolio | Retail Portfolio | Office Portfolio | Retail Portfolio |
Work Done
551,400 sq ft
Office Portfolio
Retail Portfolio
75%25%
67%33%
Renewal Leases | New Leases | |
4
Suntec City | MBFC Properties | One Raffles Quay | Olderfleet, 477 Collins Street |
Financial
Highlights
The Minster Building | 177 Pacific Highway | 55 Currie Street | Nova Properties |
21 Harris Street | Southgate Complex |