Financial Highlights

Key Financial Figures

For the 1H 2024 ended 30 June 2024
S$'000	1H 2024	1H 2023	Variance (%)	2H 2023	Variance (%)
Gross Revenue⁽¹⁾	55,165	55,277	(0.2)	56,598	(2.5)
NPI⁽¹⁾	27,165	27,168	-	27,806	(2.3)
Finance Costs^{(1) (2)}	7,290	6,099	19.5	6,216	17.3
Total Income Available for Distribution	16,640	17,819	(6.6)	15,895	4.7
Income Available for Distribution per Unit (cents)	1.47	1.61	(8.7)	1.44	2.1
Total Distribution Amount Declared	15,076 ⁽³⁾	17,819	(15.4)	12,786 ⁽³⁾	17.9
Distribution Amount Declared per Unit (cents)⁽⁴⁾	1.34 ⁽³⁾	1.61	(16.8)	1.15 ⁽³⁾	16.5

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.
⁽³⁾The REIT’s policy is to distribute at least 90.0% of its distributable income to Unitholders. Approximately 10% of distributable income for 1H 2024 and FY 2023 was retained for prudent capital management in view of costs incurred and to be incurred in connection with the internalisation; further retention of distributable income may be required for 2H 2024 and FY 2025. 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
⁽⁴⁾Based on 1,102,156,128 units as at 30 June 2023, 1,111,788,330 units as at 31 December 2023 and 1,125,055,242 as at 30 June 2024

S$'000	As at 30 June 2024	As at 31 December 2023
Investment properties⁽¹⁾	991,427	979,987
Other assets	38,154	24,894
Total assets	1,029,581	1,006,091
Borrowings, at amortised cost	335,019	315,370
Other liabilities	114,933	114,183
Total liabilities	449,952	429,553
Net assets attributable to Unitholders	579,629	576,538
Units in issue (units)	1,125,055,242	1,111,788,330
NAV per unit (S$)	0.52	0.52

Notes