Suntec Real Estate Investment Trust achieved a distribution income of $45.93 million for the three months ending 30 June 2010 (2Q FY10), a dip of 3.7% compared to the quarter ended 30 June 2009 (2Q FY09). The distribution per unit for the quarter amounted to 2.528 cents at an annualised yield of 7.7%.

For 2Q FY10, Suntec REIT achieved gross revenue of $62.4 million, and net property income of $47.4 million.

Gross office revenue achieved for the quarter was $29.6 million, comprising Suntec City office revenue of $27.4 million and Park Mall office revenue of $2.2 million. As at 30 June 2010, the committed occupancy of Suntec City Office improved further to 96.6% compared to last quarter, whilst Park Mall office and One Raffles Quay continued to enjoy full occupancy as at 30 June 2010. Hence, the committed occupancy for the overall office portfolio strengthened further to 97.6%, which was above the industry average of 93.3%.

Gross retail revenue achieved for the quarter was $32.8 million, comprising Suntec City retail revenue of $26.6 million and revenue from Park Mall and Chijmes of $6.2 million. The committed retail passing rent was $10.70 psf per month, $7.44 psf per month and $10.95 psf per month for Suntec City Mall, Park Mall and Chijmes respectively.

Revenue from other income initiatives for the first six months of 2010 increased 1.3% year- on-year to $3.37 million.

The committed occupancy of Suntec City Mall strengthened to 98.3% as at 30 June 2010 from 96.4% in the last quarter, whilst Park Mall and Chijmes maintained its full occupancy. The overall committed occupancy for the retail portfolio thus stood at 98.7% as at 30 June 2010.