Basic Profile & Key Statistics
- Main Sector(s): Retail
- Country(s) with Assets: Singapore & Malaysia
- of Properties (exclude development/associate/fund): 10
Key Indicators
Performance Highlight
Gross revenue and NPI have improved yoy mainly due to the absence of rental rebates and an increase in rental income, however, distributable income has decreased yoy slightly. FCT has released $4.8 mil of taxable income which was retained in 1H2022 and retained $1.7 mil of current period tax-exempt income, net off $3.1 mil. Due to this, DPU has increased yoy marginally.
Rental Reversion
Retail portfolio rental reversion is at 1.5% based on the final year rent of the outgoing lease versus the first-year rent of the incoming lease. It would be 4.2% based on the average rent of the incoming lease versus the average rent of the outgoing lease. For Central Plaza, the rental reversion is at 2.4%....
