As at 2020 Second Quarter Financial Results (13 Aug 2020)
Dasin Retail Trust is the first and only China retail property trust providing direct exposure to the Guangdong-HongKong-Macau Greater Bay Area, listed on 20 Jan 2017. It has ownership/interest in 5 properties worth S$1.8 billion (RMB 9.05 billion) as at 30 Jun 2020.
The Trust completed the acquisition of 2 additional malls — Shunde Metro Mall and Tanbei Metro Mall in Jul 2020. This brings the total ownership/interest to 7 properties worth S$2.3 billion (RMB 11.7 billion).
| Gross rental income
(by sector) |
Percentage |
| Food & Beverage outlets /
Food courts |
19.5% |
| Department store |
14.9% |
| General Retail |
14.5% |
| Fashion |
14.2% |
| IT & Electronics |
8.2% |
| Home Furnishings |
7.1% |
| Supermarket /
hypermarket |
6.4% |
| Others |
6.2% |
| Leisure & Entertainment |
5.0% |
| Services |
2.6% |
| Sports & Fitness |
1.4% |
| Gross rental income
(by geographical location) |
Percentage |
| China |
100% |
| Metrics |
2Q 2020 |
1Q 2020 |
| Gearing Ratio
(Aggregate Leverage) |
37.9% |
36.2% |
| Weighted Average Debt to Maturity
(Average Term to Maturity) |
5.3 years
(Onshore Facility)
0.9 year
(Offshore Facility) |
5.5 years
(Onshore Facility)
1.1 year
(Offshore Facility) |
| Average Cost of Debt (p.a.) |
Unknown |
Unknown |
| Occupancy Rate |
97.0% |
96.8% |
| Weighted Average Lease Expiry
(by GRI) |
4.0 years |
4.5 years |
...
