SUNTEC REIT

FINANCIAL

RESULTS

For the Half Year ended 30 June 2023

Citi ASEAN Financials and Real Estate Investment Forum 2023

15 August 2023

Agenda

03

18

1H 23 Financial Overview

Singapore Office Portfolio Performance

04

31

1H 23 Operational Overview

Australia Portfolio Performance

05

35

Financial Highlights

UK Portfolio Performance

15

38

Capital Management

Singapore Retail Portfolio Performance

48

Suntec Convention Performance

51

Our ESG Commitment

56

Looking Ahead

Suntec City Office, Singapore

1H 23 Financial Overview

Distributable Income to

Unitholders

S$100.5 million

-27.2%y-o-y

Distribution Income

from Operations

S$89.0 million

-29.7%y-o-y

Capital Distribution

S$11.5 million

Distribution Per Unit

to Unitholders

3.476 cents

-27.7%y-o-y

DPU from

Operations

3.078 cents

-30.2%y-o-y

DPU from Capital

0.398 cents

Capital Management

Fixed Interest Rate Borrowings

58%1

  • of Foreign Currency Income Hedged

63%

Divestment

Divestment of 3 strata units at

Suntec Office Towers.

Estimated sale completion in 2H 23

Note:

1. Including joint venture loans, the total interest rate borrowings (fixed) is 54.3%.

3

1H 23 Operational Overview

Portfolio Committed Occupancy

Portfolio WALE

98.6%

97.5%

4.3

2.2

Office Portfolio

Retail Portfolio

Office Portfolio

Retail Portfolio

Work Done

551,400 sq ft

Office Portfolio

Retail Portfolio

75%25%

67%33%

Renewal Leases

New Leases

4

Suntec City

MBFC Properties

One Raffles Quay

Olderfleet, 477 Collins Street

Financial

Highlights

The Minster Building

177 Pacific Highway

55 Currie Street

Nova Properties

21 Harris Street

Southgate Complex

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Disclaimer

Suntec Real Estate Investment Trust published this content on 15 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2023 01:09:08 UTC.