Suntec Reit achieves 11% rise in Q4 distributable income to $58.2 million
Suntec Real Estate Investment Trust (Suntec Reit) has achieved an 11 per cent rise in distribution income to $58.2 million for the fourth quarter.
Gross revenue for the three months to Dec 31 climbed by 30.2 per cent to $71.7 million.
This was mainly due to the opening of Suntec City mall (Phase 1) and Suntec Singapore following the completion of its asset enhancement works.
For the same reasons, net property income soared by 62.9 per cent to $49.8 million.