| Summary of Results |
FY2021 |
FY2022 |
FY2023 |
| Rental and Other Income (S$’million) |
102.3 |
111.3 |
108.6 |
| Net Property and Other Income (S$'million) |
100.2 |
108.6 |
105.3 |
| Distributable Amount (S$'million) |
42.1 |
52.4 |
51.4 |
| Distribution per unit (Singapore Cents) |
2.61 |
2.64 |
2.48 |
| Balance Sheet |
31-Dec-21 |
31-Dec-22 |
31-Dec-23 |
| Total Assets (S$’million) |
1,049.5 |
1,198.6 |
1,187.3 |
| Total Liabilities (S$’million) |
397.7 |
533.3 |
527.2 |
| Total Borrowings (S$’million)(1) |
352.4 |
461.2 |
458.9 |
| Unitholders’ Funds (S$’million) |
591.1 |
632.1 |
626.9 |
| Market Capitalisation (S$’million) |
492.0 |
535.2 |
550.4 |
| Units in issue (’000) |
1,613,028 |
2,058,581 |
2,076,900 |
| Net Asset Value per unit (Singapore Cents) |
36.65 |
30.70 |
30.18 |
| Financial Ratios |
FY2021 |
FY2022 |
FY2023 |
| Interest Cover |
5.2 times |
5.0 times |
4.1 times |
| Adjusted Interest Cover |
4.4 times |
4.4 times |
3.9 times |
| Aggregate Leverage |
33.6% |
38.5% |
38.7% |
| % Debt, Fixed Rates or Hedged |
55.90% |
59.60% |
87.2% |
| Weighted average debt to maturity |
0.9 years |
3.4 years |
3.6 years |
| All-in cost of debt per annum |
4.20% |
3.70% |
5.0% |
(1) Before transaction costs
