Email This Print ThisFinancial Highlights

Key Financial Figures

For the third quarter ended 30 September 2019
S$'000 3Q 2019 2Q 2019 Variance (%) 3Q 2018 Variance (%)
Gross revenue 20,165 18,205 10.8 19,855 1.6
Net property income ("NPI") 13,913 12,040 15.6 12,663 10.1
Total distribution amount declared to Unitholders 8,212 6,553 25.3 8,072 1.7
Distribution per unit ("DPU") (in cents) 0.78 0.62 25.9 0.77 1.3

Selected Balance Sheet Data

As at 30 September 2019 S$'000
Total assets 961,785
Borrowings, at amortised costs 270,351
Net assets attributable to Unitholders 593,320
Units in issue and to be issued entitled to distribution ('000) 1,053,083,530
NAV per Unit (S$) 0.56
Adjusted NAV per Unit(1) (S$) 0.56

Debt Profile

  As at 30 Sep 2019
Aggregate leverage(2) 30.8%
Borrowings S$271.0 million
Average all-in financing cost(3) 4.1%
Weighted average tenor of borrowings 1.0 years
Profit cover(4) 4.8 times


Notes
  1. Excludes the amount of approximately S$8.2 million (31 December 2018: S$7.4 million) for distribution for the quarter ended 30 September 2019.
  2. Ratio of total borrowings and deferred payment over deposited property as defined in the Property Funds Appendix of the Code on Collective Investment Schemes.
  3. Inclusive of amortisation of transaction costs.
  4. Ratio of net property income over profit expense (excluding effects of FRS 116, amortisation of transaction costs on lease liabilities on other fees) for 3Q 2019 (31 December 2018: 4Q 2019).