Basic Profile & Key Statistics
- Main Sector(s): Office
- Country(s) with Assets: United States
- of Properties (exclude development/associate/fund): 14
Key Indicators
Performance Highlight
For 2Q, gross revenue, NPI and distributable income improved yoy due to contribution from Bridge Crossing and 105 Edgeview which were acquired in August 2021. However, the income available for distribution and DPU are lower yoy as the manager has chosen to receive the 100% of the base fee in cash for 2Q.
Rental Reversion
Rental reversion is at 1.6% for 1H 2022.
Divestment
On 28 Jul, the Northridge Center I & II divestment in Atlanta, Georgia was completed at a price of US$22.1 million, which is 16.9% above valuation and around 10% above the purchased price. As for Powers Ferry, the divestment is expected to be completed in 3Q.
Sensitivity to Interest Rate
For every 0.5% increase in interest rate, DPU impact would be 0.062 cents per annum, around 1%....
