Basic Profile & Key Statistics
As FLCT merger with FCOT is only completed in April this year, comparing performance YoY is less meaningful, besides DPU, which increased by 5.5% YoY.
Occupancy is high at 97.5%. WALE is long at 4.9 years where the highest lease expiry of 16.6% falls in FY23. Weighted average land lease expiry is long at 89.56 years, this figure is estimated from the latest presentation, by valuation.
Gearing ratio is moderate at 37.4%. Cost of debt is low at 1.9% with moderate level of unsecured debt at 79%. Fixed rate debt is low at 54.6%. Interest cover ratio is high at 6.4 times. WADE is moderate at 3 years where the highest debt maturity of 26.4% falls in FY25.