About the Trust

Financial Highlights

Key Financial Figures

For the first quarter ended 31 March 2018
S$'000 1Q 2018 4Q 2017 Variance (%) 1Q 2017 Variance (%)
Gross revenue 21,003 20,395 3.0 21,978 (4.4)
Net property income ("NPI") 14,586 13,711 6.4 13,335 9.4
Income available for distribution 9,244 8,783 5.2 9,318 (0.8)
Distribution per unit (DPU) (in cents) 0.88(1)(3) 0.83 6.0 0.88(2)(3) -
Annualised DPU (in cents) 3.57 3.29 8.5 3.57 -

Selected Balance Sheet Data

As at 31 March 2018 S$'000
Total assets 966,109
Borrowings, at amortised costs 365,806
Net assets attributable to Unitholders 571,545
Units in issue and to be issued entitled to distribution ('000) 1,053,083,530
NAV per Unit (S$) 0.54
Adjusted NAV per Unit(4) (S$) 0.54

Debt Profile

  As at 31 March 2018
Aggregate leverage(5) 38.1%
Borrowings S$364.95 million
Average all-in financing cost(6) 4.0%
Weighted average tenor of borrowings 2.1 years
Profit cover(7) 4.2 times


Notes