Suntec REIT has painted a mixed picture when asked about business operations at its flagship asset in 2023.

The asset, Suntec City, is presently the largest in Suntec REIT’s portfolio and it constitutes about 65% of its gross revenue in 2H 2021.

Accordingly, Suntec City’s convention centre component contributes about 4% to Suntec REIT’s gross revenue for the same period.

Suntec REIT is a mixed commercial landlord with a portfolio of retail and office assets across Australia, Singapore, and the UK.

Related: Suntec REIT sees SGD10.5 million rout in institutional funds amid rising rates

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.