Tuesday, 20 February 2018

Portfolio Review: Suntec REIT

Suntec turned in a respectable overall set of FY2017 results amidst a challenging year in terms of retail.


Y-o-Y,

Gross revenue up by 7.8%
Net Property income up by 8.9%
Distributable income up by 3.7%

Latest dividend yield based on my bought price is around 6%.

In terms of office space, Suntec has done well particularly from their 2016 acquisition, 177 Pacific Highway.

However their retail segment continues to be weak. Revenue contribution from the retail space dropped last year.

Will I continue to hold? Yes.
Will I add more? Maybe.

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