For the Quarter ended 30 September 2025
23 October 2025
Agenda
03
3Q 25 Financial Overview
04
3Q 25 Operational Overview
05
Financial Highlights
15
Capital Management
18
Singapore Office Portfolio Performance
25
Australia Portfolio Performance
29
UK Portfolio Performance
32
Singapore Retail Portfolio Performance
39
Suntec Convention Performance
42
Our ESG Commitment
Suntec City Office, Singapore
3Q 25 Financial Overview
Distributable Income to Unitholders $52.4 million
+13.4% y-o-y
Distribution Per Unit to Unitholders 1.778 cents+12.5% y-o-y
MIT Status in AustraliaMIT Status Maintained for FY 25 Withholding tax rate to remain at 10%1 and 15%2
Notes:
For 177 Pacific Highway, 21 Harris Street and 477 Collins Street.
For Southgate Complex and 55 Currie Street.
3
3Q 25 Operational Overview
Committed Occupancy | Rent Reversion | Retention Rate | |||||
Office 98.5%1 | Office +8.5% | Office 74% | |||||
Singapore | Retail 99.3%2 | Retail +8.6% | Retail 61% | ||||
Australia | 87.3%3 | +11.9% | 46% | ||||
UK | 92.5%4 vs 95.3% (3Q 24) | Minimal leases renewed/replaced for the quarter | |||||
Notes:
Based on Suntec REIT's interests in Suntec City Office, One Raffles Quay and Marina Bay Financial Centre Office Towers 1 and 2.
Based on Suntec REIT's interests in Suntec City Mall, Suntec Singapore (Retail) and Marina Bay Link Mall.
4
Based on Suntec REIT's interests in 177 Pacific Highway, 21 Harris Street, Southgate Complex, 477 Collins Street and 55 Currie Street.
Based on Suntec REIT's interest in Nova Properties and The Minster Building.
Suntec City
MBFC Properties
One Raffles Quay
Olderfleet, 477 Collins Street
The Minster Building
Nova Properties
177 Pacific Highway
55 Currie Street
Financial Highlights
21 Harris Street
Southgate Complex
Stable Portfolio Performance
117.7
117.5
79.8
78.5
26.5
25.0
(0.2M or 0.2%)
(1.3M or 1.6%)
1.5 or 6.0%
JV Income1,2 (S$ mil)
NPI (S$ mil)
Gross Revenue (S$ mil)
Gross Revenue & Net Property Income:
Pacific Highway (Sydney) which have been backfilled
JV Income:
3Q 24 3Q 25 3Q 24 3Q 25 3Q 24 3Q 25
Notes:
Ownership interest of 33.3% for One Raffles Quay and MBFC Properties, 50.0% for Southgate Complex and Nova Properties.
Excludes share of loss arising from fair value adjustments of $0.1 mil for the quarter ended 30 September 2024. 6
Improvement in DI and DPU Supported by Lower Financing Cost and Reversal of Withholding Tax Provision
Distributable Income (S$ mil)
DPU (SG cents)
52.4
46.2
6.2M or 13.4%
0.198¢ or 12.5%
1.778
1.580
3Q 24 3Q 25 3Q 24 3Q 25
Distribution Payment
Distribution Payment | |
Distribution Period | 1 July 2025 - 30 September 2025 |
Amount (cents/unit) | 1.7781,2 |
Ex-date
Record date Payment date
30 Oct 2025
31 Oct 2025
28 Nov 2025
Notes:
Total of 4.933 cents for YTD Sep 2025.
The Manager continues to receive 50% of its asset management fees in units and balance in cash in 3Q 2025.
Singapore Office Portfolio
Singapore Office Performance Remained Strong37.1
37.4
29.3
28.8
18.4
16.9
1.5M or 8.9%
0.3M or 0.8%
0.5M or 1.7%
JV Income (S$ mil)
NPI (S$ mil)
Gross Revenue (S$ mil)
Gross Revenue & Net Property Income:
3Q 24 3Q 25 3Q 24 3Q 25 3Q 24 3Q 25
JV Income:
Australia Portfolio
Operating Performance Impacted by Vacancies with Improvement Expected in 2026A$ mil S$ mil1
Gross Revenue
NPI
Gross Revenue
NPI
(1.1M or 4.3%)
(1.3M or 7.2%)
25.4
24.3
18.0
16.7
(1.9M or 8.5%)
22.4
20.5
15.9
14.1
(1.8M or 11.3%)
Gross Revenue & Net Property Income:
JV Income
JV Income
3Q 24 3Q 25 3Q 24 3Q 25 3Q 24 3Q 25 3Q 24 3Q 25
(0.3M or 60.0%)
0.5 0.2
3Q 24 3Q 25
(0.2M or 50.0%)
0.4 0.2
3Q 24 3Q 25
JV Income:
Note:
1. Based on exchange rates of S$0.8414 = A$1.00 for 3Q 25 and S$0.8816 = A$1.00 for 3Q 24. 10
