On the way to attend Suntec AGM, stay tune.
Suntec Reit AGM held AT LEVEL 3 SUMMIT 1, SUNTEC SINGAPORE CONVENTION & EXHIBITION CENTRE, 1 RAFFLES BOULEVARD, SUNTEC CITY, 16 April 2026.
As usual, $20 voucher for the shareholders who sacrifice their time to attend. Coffee and Tea provided.
Not so crowded today!any empty seats!
CEO Mr.Chong is giving the presentation.
Suntec City Mall is almost 100% occupancy.
Positive rental reversion of 10% for 2025. 2026 expects about Positive 5%.
Gearing came down from 42.5% to 41.5%.
Financial costs also decreased from 4.08% to 37.1%. Total Distribution income is up 14.6% to 207m. DPU is up 13.5% to 7.035 cents.
Australia side received once-off compensation.
Australia MIT remain.
Overall occupancy remains healthy!
Suntec Reit loan currency is fixed at 80% in SGD, 10% each for UK and Australia dollars.
Financial costs remain stable or same as 2025.
Suntec properties is about $2600 per square foot.
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