Financial Highlights

Key Financial Figures

1Q 2025
S$'000	1Q 2025	1Q 2024	Variance (%)
Gross Revenue⁽¹⁾	29,106	27,825	4.6
NPI⁽¹⁾	16,042	13,146	22.0
Finance Costs^{(1) (2)}	3,808	3,580	6.4
Total Income Available for Distribution	9,729	7,644	27.3
Income Available for Distribution per Unit (cents)	0.86	0.68	26.5

Notes

⁽¹⁾Please refer to the other information section of the Interim Financial Information for explanation of the variances
⁽²⁾Excluding amortisation of transaction costs, please refer to note 10 of the Interim Financial Information for detailed breakdown. Elevated financing cost mainly due to higher borrowing amount and higher interest rate on the new fixed rate hedges entered replacing those maturing hedges entered between 2021 and 2022.

The REIT’s policy is to distribute at least 90.0% of its distributable income to Unitholders on a half-yearly basis. Approximately 10% of distributable income for FY 2025 may be retained for prudent capital management in view of additional costs incurred and to be incurred in connection with the internalisation. In view of the ongoing internalisation process, the Trustee will provide further updates as and when there are material developments. All updates from the Trustee will be in the form of announcements via SGXNet. Unitholders may direct their enquiries to sabana.trustee@hsbc.com.sg

Selected Balance Sheet Data

S$'000	As at 31 March 2025	As at 31 December 2024
Investment properties⁽¹⁾	994,540	992,929
Other assets	32,534	31,648
Total assets	1,027,074	1,024,577
Borrowings, at amortised cost	354,307	348,994
Other liabilities	117,547	110,683
Total liabilities	471,854	459,677
Net assets attributable to Unitholders	555,220	564,900
Units in issue (units)	1,125,055,242	1,125,055,242
NAV per unit (S$)	0.49⁽²⁾	0.50

Notes