Solid Occupancy Level Underpins Suntec's 4Q Result
With the portfolio maintaining near-full occupancy and offsetting slightly lower rentals, no-moat Suntec's fourth-quarter result was in line with expectations. On a per-unit basis, fourth-quarter distribution was SGD 0.0264 per unit, taking full-year distribution to SGD 0.10005. The full-year distribution consists of SGD 0.08907 from operation and capital of SGD 0.01098. The resilient result reflects Suntec's high-quality portfolio in Singapore and Australia. We expect occupancy to remain solid ...
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