Suntec Real Estate Investment Trust (T82U.SI)
Suntec Real Estate Investment Trust operates in the REIT - Diversified industry of the Real Estate sector, headquartered in Singapore, CE, SG. The stock last traded at $1.36, up 0.00% on the session, giving a market capitalisation of $4.02B. Its beta of 0.26 implies it has historically moved less than the broad market.
Established on December 9, 2004, Suntec Real Estate Investment Trust (REIT) is dedicated to acquiring income-generating commercial properties, predominantly offices and retail spaces, with its operations overseen by an external entity, ARA Trust Management (Suntec) Limited. The REIT boasts a significant portfolio spanning Singapore, Australia, and the United Kingdom. In Singapore, its holdings encompass properties within Suntec City, recognized as the nation's largest integrated commercial complex and home to one of its most extensive shopping malls. It also maintains a 66.3% stake in the Suntec Singapore Convention & Exhibition Centre. Further Singaporean interests comprise a one-third share in One Raffles Quay, an identical stake in Marina Bay Financial Centre Towers 1 and 2 along with Marina Bay Link Mall, and a 30.0% ownership in 9 Penang Road. Internationally, Suntec REIT's Australian assets include full ownership of commercial buildings at 177 Pacific Highway and 21 Harris Street in Sydney. It also possesses a 50.0% share in Melbourne's Southgate Complex and another 50.0% in the Olderfleet at 477 Collins Street, Melbourne, alongside full ownership of the commercial premises at 55 Currie Street, Adelaide. Expanding into the UK market, the REIT holds a 50.0% interest in the Nova Properties located in London.
Suntec Real Estate Investment Trust is most often compared with the following Real Estate names: