About the Trust

Financial Highlights

Key Financial Figures

For the first quarter ended 31 March 2017
S$'000 1Q 2017 1Q 2016 Variance (%) 1Q 2017 4Q 2016 Variance (%)
Gross revenue 21,978 23,606 (6.9) 21,978 22,540 (2.5)
Net property income ("NPI") 13,335 15,172 (12.1) 13,335 13,894 (4.0)
Income available for distribution 9,318 9,770 (4.6) 9,318 9,258 0.6
Distribution per unit (DPU) (in cents) 0.88(1)(2) 1.16 (24.1) 0.88(1)(2) 0.88 -
Annualised DPU (in cents) 3.57 4.70 (24.0) 3.57 3.50 2.0

Selected Balance Sheet Data

As at 31 March 2017 S$'000
Total assets 1,020,900
Borrowings, at amortised costs 365,387
Net assets attributable to Unitholders 631,828
Units in issue and to be issued entitled to distribution ('000) 1,053,083,530
NAV per Unit (S$) 0.60
Adjusted NAV per Unit (S$) 0.59

Debt Profile

  As at 31 March 2017
Aggregate leverage(3) 36.1%
Borrowings S$367.8 million
Average all-in financing cost(4) 4.0%
Weighted average tenor of borrowings 1.8 years
Profit cover(5) 3.5 times


Notes