Financial Highlights

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