Financial Highlights

Key Financial Figures

For the HY 2023 ended 30 June 2023
S$'000	1H 2023	1H 2022	Variance (%)	2H 2022	Variance (%)
Gross Revenue⁽¹⁾	55,277	44,850	23.2	50,057	10.4
NPI⁽¹⁾	27,168	27,029	0.5	26,254	3.5
Finance Costs^{(1) (2)}	(6,099)	(5,128)	18.9	(5,730)	6.4
Total Amount Available For Distribution⁽³⁾	17,819	17,147	3.9	15,923	11.9
DPU (cents)^{(3) (4)}	1.61	1.59	1.3	1.46	10.3

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.
⁽³⁾ The REIT’s distribution policy is to distribute at least 90.0% of its distributable income to Unitholders. For FY 2022 and 2023, the Manager has resolved to distribute 100.0% of the total amount available for distribution to Unitholders.
⁽⁴⁾ Total issued units as of 30 June 2023 was 1,102,156,128 (30 June 2022: 1,082,142,707)

S$'000	As at 30 June 2023	As at 31 December 2022
Investment properties⁽¹⁾	964,435	962,179
Other assets	20,539	21,013
Total assets	984,974	983,192
Borrowings, at amortised cost	291,635	288,921
Other liabilities	111,146	108,484
Total liabilities	402,781	397,405
Net assets attributable to Unitholders	582,193	585,787
Units in issue (units)	1,102,156,128	1,096,121,325
NAV per unit (S$)	0.53	0.53

Notes