Financial Highlights
| Summary of Results | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Rental and Other Income (S$’million) | 108.6 | 102.2 | 100.5 |
| Net Property and Other Income (S$'million) | 105.3 | 98.5 | 97.3 |
| Distributable Amount (S$'million) | 51.4 | 49.3 | 45.8 |
| Distribution per unit (Singapore Cents) | 2.48 | 2.36 | 2.17 |
| Balance Sheet | 31-Dec-23 | 31-Dec-24 | 31-Dec-25 |
|---|---|---|---|
| Total Assets (S$’million) | 1,187.3 | 1,160.5 | 1,088.9 |
| Total Liabilities (S$’million) | 527.2 | 528.2 | 528.5 |
| Total Borrowings (S$’million) | 458.9 | 459.6 | 454.8 |
| Unitholders’ Funds (S$’million) | 626.9 | 599.0 | 527.2 |
| Market Capitalisation (S$’million) | 550.4 | 534.1 | 580.5 |
| Units in issue (’000) | 2,076,900 | 2,094,447 | 2,110,969 |
| Net Asset Value per unit (Singapore Cents) | 30.18 | 28.6 | 24.97 |
| Financial Ratios | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Interest Cover | 4.1 times | 3.6 times | 3.7 times |
| Aggregate Leverage | 0.387 | 0.396 | 0.421 |
| % Debt, Fixed Rates or Hedged | 0.872 | 0.569 | 0.461 |
| Weighted average term to maturity | 3.6 years | 2.5 years | 1.5 years |
| All-in cost of debt per annum | 0.05 | 0.05 | 0.045 |
