Shares & Derivatives
SPH REIT Review @ 12 October 2022
By REIT-TIREMENT  •  October 12, 2022
Basic Profile & Key Statistics
  • Main Sector(s): Retail & Healthcare
  • Country(s) with Assets: Singapore & Australia
  • of Properties (exclude development/associate/fund): 5
Key Indicators Performance Highlight For 2H FY22, gross revenue and NPI have improved yoy due to lower rental assistance granted and improvement in tenant sales. However, distributable income, distribution and DPU are lower yoy. The distribution for 2H 2021 included S$ 7.2 mils deferred distribution from FY2020. While for 12M FY22, gross revenue, NPI, distributable income, distribution to unitholders and DPU have improved slightly yoy. The distribution for 12M FY22 included S$ 14.5 mils deferred distribution from FY2020. Rental Reversion Rental reversion is negative for both Singapore and Australia properties at -2.6% and -3.9% respectively. Note that the change for Singapore properties is measured between the average rents of the renewed & new lease terms and the average rents of the preceding lease terms; while the change for Australia properties is based on the first-year fixed rent of the new leases...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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