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 3Q, gross revenue has improved yoy, however, NPI and income available for distribution have declined yoy. The drop in income available for distribution is due to the manager has elected to receive the 100% of the base fee in cash. Adjusted income available for distribution increased yoy, this is a like-for-like comparison should the manager has taken 100% of the fees in cash in 3Q 2021.
Rental Reversion
Rental reversion is at 5.3% for 3Q 2022 and at 2.9% for 9M 2022.
Divestment
On 28 Jul, the Northridge Center I & II divestment in Atlanta, Georgia was completed. As for the divestment of Powers Ferry, no update at this moment.
Sensitivity to Interest Rate
For every 0.5% increase in interest rate, DPU impact would be 0.067 cents per annum, around 1.1%.
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