Suntec Real Estate Investment Trust | REIT Profile

Symbol: T82U
Exchange: SGX
Founded: 2004 (20 years)
HQ: Singapore, Singapore
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Mid-Cap
REIT Sector: Retail

See T82U on Yahoo Finance

Listed on 9 December 2004 on the Main Board of the Singapore Exchange Securities Trading Limited (SGX-ST), Suntec Real Estate Investment Trust (Suntec REIT) is the first composite REIT in Singapore, owning income-producing real estate that is primarily used for office and/or retail purposes. Suntec REIT's portfolio comprises office and retail properties in Suntec City, a 60.8 per cent interest in Suntec Singapore Convention & Exhibition Centre, a one-third interest in One Raffles Quay and a one-third interest in Marina Bay Financial Centre Towers 1 and 2 and the Marina Bay Link Mall and a 30.0% interest in 9 Penang Road, all strategically located in the growth corridors of Marina Bay and the Civic and Cultural District within Singapore's Central Business District. In Australia, Suntec REIT holds a 100.0 per cent interest in 177 Pacific Highway, Sydney, a 50.0 per cent interest in Southgate Complex, Melbourne and a 50.0 per cent interest in a commercial building located at Olderfleet, 477 Collins Street, Melbourne, which is currently under development. Suntec REIT is managed by an external manager, ARA Trust Management (Suntec) Limited (the Manager). The Manager is focused on delivering regular and stable distributions to Suntec REIT's unitholders, and to achieve long-term growth in the asset value of Suntec REIT, so as to provide unitholders with a competitive rate of return on their investment.