Basic Profile & Key Statistics
Main Sector(s): Office
Country(s) with Assets: United States
No. of Properties (exclude development/associate/fund): 14
Key Indicators
Performance Highlight
Gross revenue, NPI, income available for distribution and DPU declined yoy mainly due to high property expenses, finance expenses and the absence of a termination fee which was received in 2H 2021.
Rental Reversion
Rental reversion for 4Q is at a positive 20.2%.
Distribution Breakdown
Distributable Income Breakdown:
91.7% from Operation
0.1% from Release of Retention/Capital
8.2% from Fees Payable/Paid in Units
Distribution = 100% of Distributable Income
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: Above median for more than 10%
Cost of Debt: ± 10% from median
Fixed Rate Debt %: ± 10% from median
Unsecured Debt %: 0%
WADM: Below median for more than 20%
Highest Debt Maturity within 5 Years: Above median for more than 20%; Falls in 2024
Interest Coverage Ratio: Above median for more than 10%
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