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, despite an increase in gross revenue, NPI and income available for distribution have declined yoy mainly due to a decline in occupancy, which includes WeWork who vacated in 4Q2021 and Whitney Bradley & Brown in 3Q2022.
Rental Reversion
Rental reversion for 2Q is at positive 10.1%.
Related Parties Shareholding
- REIT sponsor's shareholding: Below median for more than 20%
- REIT manager's shareholding: Below median for more than 20%
- Directors of REIT manager's shareholding: Above median for more than 20%
Lease Profile
- Occupancy: Below median for more than 5%
- WALE: ± 10% from median
- Highest lease expiry within 5 years: Below median for more than 20%; Falls in 2025
- Weighted average land lease expiry: 100% freehold properties
Debt Profile
- Gearing ratio: ± 10% from median
- Cost of debt: Above median for more than 10%
- Fixed rate debt %: Above median for more than 10%
- Unsecured debt %: 0%
- WADM: Below median for more than 20%
...