Page 20 - Sabana REIT Annual Report 2012 (Final Version with added cha

FY2012 Quarterly DPU (cents)
Outperforms Both FY2011 and IPO Projections
For FY2012, Sabana REIT achieved
higher year-on-year (“YOY”)
gross revenue and NPI on an
annualised basis of 16.7% and
15.8% respectively. The higher gross
revenue and NPI also exceeded the
IPO Projections by 18.7% and 16.3%
respectively. Total distributable
income was S$59.4 million,
surpassing its IPO Projections by
7.3%. The resultant DPU of 9.28
cents which, based on the IPO
price of S$1.05, translates into an
attractive yield of 8.84% per annum,
is well above the IPO Projections
of 8.25%.
fnancial
A year of significant
achievements
In 2012, Sabana REIT delivered
higher quarterly DPU, exceeding
both the performance for FY2011
and IPO Projections. This refects
the Manager’s focused approach
since IPO to deliver regular and
stable distributions through a
prudent investment approach and
proactive capital management. In
line with this approach, Sabana REIT
strengthened its fnancial position
by staggering its debt maturity
profle and diversifying its
funding sources in 2012.
FY2011 (Annualised)
Impressive Financial
Performance
Financial results for Sabana
REIT in 2012 were impressive—
not only exceeding its IPO
Projections, but also
outperforming that
of FY2011.
90,000
80,000
70,000
60,000
50,000
40,000
30,000
20,000
10,000
(S$’000)
Distributable
income
Net property
income
Gross
revenue
IPO Projections Actual FY2012
FY2012 Results Outperform FY2011 and IPO Projections
Actual FY2011 IPO Projections Actual FY2012
2.17 2.17
2.26
2.18 2.17
2.27
2.14 2.16
2.34
2.17 2.17
2.41
1Q 2Q 3Q 4Q
18 SABANA REIT Annual Report 2012