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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


Selected Balance Sheet Data

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
  • (1) Movement in investment properties mainly due to the revaluation of investment properties based on the independent valuations of the properties undertaken by independent valuers and the capital expenditure spent.