Basic Profile & Key Statistics EC World REIT (ECW) is a pure logistics REIT that owns 8 properties in China.
Performance Review Gross revenue and NPI increased YoY by14.2% and 11.1% respectively mainly due to organic rental escalations and appreciation of RMB against SGD. Distribution to unitholders and DPU decreased YoY by 5% and 5.5% respectively due to higher retention amount for general working capital.
Related Parties Shareholding
REIT sponsor's shareholding is high at 44.63%REIT manager's shareholding is low at 0.74%Directors of REIT manager's shareholding are high at 44.8%
Lease Profile
Occupancy is high at 99.3%All income is received in RMBWALE is short at 3.4 yearsHighest lease expiry within 5 years is high at 75.4% which falls in 2024 and beyond, with more than 70% falls in 2024.Weighted average land lease expiry is short at 37 years
Debt Profile
Gearing ratio is moderate at 38.1%Cost of debt is high...