| Summary of Results |
FY2022 |
FY2023 |
FY2024 |
| Rental and Other Income (S$’million) |
111.3 |
108.6 |
102.2 |
| Net Property and Other Income (S$'million) |
108.6 |
105.3 |
98.5 |
| Distributable Amount (S$'million) |
52.4 |
51.4 |
49.3 |
| Distribution per unit (Singapore Cents) |
2.64 |
2.48 |
2.36 |
| Balance Sheet |
31-Dec-22 |
31-Dec-23 |
31-Dec-24 |
| Total Assets (S$’million) |
1,198.6 |
1,187.3 |
1,160.5 |
| Total Liabilities (S$’million) |
533.3 |
527.2 |
528.2 |
| Total Borrowings (S$’million)(1) |
461.2 |
458.9 |
459.6 |
| Unitholders’ Funds (S$’million) |
632.1 |
626.9 |
599.0 |
| Market Capitalisation (S$’million) |
535.2 |
550.4 |
534.1 |
| Units in issue (’000) |
2,058,581 |
2,076,900 |
2,094,447 |
| Net Asset Value per unit (Singapore Cents) |
30.70 |
30.18 |
28.60 |
| Financial Ratios |
FY2022 |
FY2023 |
FY2024 |
| Interest Cover |
5.0 times |
4.1 times |
3.8 times |
| Aggregate Leverage |
38.5% |
38.7% |
39.6% |
| % Debt, Fixed Rates or Hedged |
59.60% |
87.2% |
56.9% |
| Weighted average debt to maturity |
3.4 years |
3.6 years |
2.5 years |
| All-in cost of debt per annum |
3.70% |
5.0% |
5.0% |
(1) Before transaction costs
