Basic Profile & Key Statistics
Main Sector(s): OfficeCountry(s) with Assets: Singapore, Australia & South KoreaNo. of Properties (exclude development/associate/fund): 10
Performance Highlight
Gross revenue, NPI, distributable income and DPU increased yoy mainly due to contribution from Keppel Bay Tower which was acquired in May 2021 and higher net property income from Ocean Financial Centre, 8 Exhibition Street and Pinnacle Office Park.
Rental Reversion
The average signing rent of the Singapore office leases for 1H is S$ 11.43 psf, which is higher for expiring in 2022, 2023 and 2024.
Development
The development of Blue & Willliam is on track to be completed by mid-2023.
Sensitivity to Interest Rate
For every 0.5% increase in interest rate, the DPU impact is 2.1% per annum.
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Related Parties ShareholdingREIT sponsor's shareholding: Above median for more than 20%REIT manager's shareholding: Above median for more than 20%Directors
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REIT sponsor's shareholding: Above median for more than 20%REIT manager's shareholding: Above median for more than 20%Directors
