About the Trust

Financial Highlights

Key Financial Figures

For the first quarter ended 31 March 2019
S$'000 1Q 2019 4Q 2018 Variance (%) 1Q 2018 Variance (%)
Gross revenue 18,524 20,023 (7.5) 21,003 (11.8)
Net property income ("NPI") 12,653 13,001 (2.7) 14,586 (13.3)
Income available for distribution 7,898(1) 7,436 6.2 9,244(2) (14.6)
Distribution per unit (DPU) (in cents) 0.75(1) 0.71 5.6 0.88(2) (14.8)

Selected Balance Sheet Data

As at 31 March 2019 S$'000
Total assets 1,023,269
Borrowings, at amortised costs 318,961
Net assets attributable to Unitholders 602,461
Units in issue and to be issued entitled to distribution ('000) 1,053,083,530
NAV per Unit (S$) 0.57
Adjusted NAV per Unit(3) (S$) 0.56

Debt Profile

  As at 31 March 2019
Aggregate leverage(4) 33.9%(5)
Borrowings S$320.0 million
Average all-in financing cost(6) 4.2%
Weighted average tenor of borrowings 1.1 years(7)
Profit cover(8) 3.9 times


Notes