Suntec Real Estate Investment TrustSGX: T82U

Financial Results For the Quarter ended 30 September 2025

· Issued by Suntec Real Estate Investment Trust
SUNTEC REIT BUSINESS UPDATES

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 Australia


MIT Status Maintained for FY 25 Withholding tax rate to remain at 10%1 and 15%2

Notes:

  1. For 177 Pacific Highway, 21 Harris Street and 477 Collins Street.



  2. For Southgate Complex and 55 Currie Street.

3

3Q 25 Operational Overview





Committed Occupancy



Rent Reversion



Retention Rate

Office 98.5%1

vs 99.1% (3Q 24)



Office +8.5%



Office 74%



Singapore

Retail 99.3%2

vs 98.3% (3Q 24)

Retail +8.6%

Retail 61%



Australia

87.3%3

vs 90.6% (3Q 24)



+11.9%



46%



UK

92.5%4



vs 95.3% (3Q 24)

Minimal leases renewed/replaced for the quarter

Notes:

  1. Based on Suntec REIT's interests in Suntec City Office, One Raffles Quay and Marina Bay Financial Centre Office Towers 1 and 2.



  2. Based on Suntec REIT's interests in Suntec City Mall, Suntec Singapore (Retail) and Marina Bay Link Mall.

    4

  3. Based on Suntec REIT's interests in 177 Pacific Highway, 21 Harris Street, Southgate Complex, 477 Collins Street and 55 Currie Street.

  4. 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:

Stronger operating performance across Singapore
Loss of revenue from the surrender of 3 floors at 177

Pacific Highway (Sydney) which have been backfilled

Lower contribution from The Minster Building (London)

JV Income:

Stronger operating performance and lower interest expense at One Raffles Quay and MBFC Properties

3Q 24 3Q 25 3Q 24 3Q 25 3Q 24 3Q 25



Notes:

  1. Ownership interest of 33.3% for One Raffles Quay and MBFC Properties, 50.0% for Southgate Complex and Nova Properties.

  2. 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%

Stronger operating performance from Singapore Portfolio
Lower financing cost ($6m)

Reversal of withholding tax provision ($2m)

1.778

1.580

3Q 24 3Q 25 3Q 24 3Q 25

7

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:

  1. Total of 4.933 cents for YTD Sep 2025.

  2. The Manager continues to receive 50% of its asset management fees in units and balance in cash in 3Q 2025.

8

Singapore Office Portfolio

Singapore Office Performance Remained Strong

37.1

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:

Stronger operating performance at Suntec City Office arising from higher achieved rents

Lower operating expenses

3Q 24 3Q 25 3Q 24 3Q 25 3Q 24 3Q 25

JV Income:

Stronger operating performance driven by higher rent at One Raffles Quay and MBFC Properties

Lower interest expense at One Raffles Quay and MBFC Properties

9



Australia Portfolio

Operating Performance Impacted by Vacancies with Improvement Expected in 2026

A$ 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:

Loss of revenue from the surrender of 3 floors at 177 Pacific Highway which have been backfilled; leases will commence in 4Q25 and 1Q26

Weaker AUD against SGD

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:

Higher provision for doubtful debt for Southgate Complex (Melbourne)



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



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