Basic Profile & Key Statistics
Main Sector(s): Retail & Office
Country(s) with Assets: Singapore, Australia, Malaysia, Japan & China
No. of Properties (exclude development/associate/fund): 10
Performance Highlight
Gross revenue, NPI, income available for distribution, distribution to unitholders and DPU improved yoy mainly due to completion of AEI at The Starhill, lower rental assistance and higher rental contribution from the Singapore Office.
Tenant Sales and Shopper Traffic
For Wisma Atria, both tenant sales and shopper traffic has improved as compared to the previous quarter, despite ongoing interior AEI works.
Divestment
The divestment of Daikanyama is expected to complete in early 2023, at 2.9% above the purchased price.
Asset Enhancement Initiative
The AEI work for Wisma Atria has largely been completed and the bubble lift upgrade is expected to be completed in February.
Sensitivity to Interest Rate
For every 1% increase in interest rate, the impact on DPU would be 0.08 cent per annum, which is around 2.1%.
Distribution Breakdown
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