Singapore, July 22, 2013 -- Moody's Investors Service says that Suntec Real Estate Investment Trust's (Baa2 stable) results announcement of a 33.9% year-on-year reduction in gross revenue for the second quarter ended 31 December 2013 (2Q FY2013) is broadly in line with expectations, given that the trust was concurrently carrying out the two phases of renovation works at Suntec City Mall, its major asset.

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