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First REIT Review @ 21 February 2023
By REIT-TIREMENT  •  February 21, 2023
Basic Profile & Key Statistics
Main Sector(s): Healthcare & Hospitality Country(s) with Assets: Indonesia, Singapore & JapanNo. of Properties (exclude development/associate/fund): 32

Key Indicators

Performance Highlight
Gross revenue, NPI and distributable income improved yoy mainly due to the Contribution from 14 Japan Nursing Homes which were acquired in 2022. However, DPU has improved slightly as compared to distributable income due to an enlarged unitholder base.

Divestment

IAHCC is being marketed for divestment.

Distribution Breakdown
Distributable Income Breakdown:91% from Operation9% from Fees Payable/Paid in UnitsDistribution = 99.9% of Distributable IncomeDistribution to Perpetual Securities Holder = 5.7% of Distributable Income

Related Parties Shareholding

REIT Sponsor's Shareholding: Above median for more than 20%REIT Manager's Shareholding: Above median for more than 20%Directors of REIT Manager's Shareholding: Above median for more than 20%

Lease Profile

Occupancy: 100%Income in SGD/Major Currencies: Below median for more than 20%WALE: Above median for more than 20%Highest Lease Expiry within 5 Years: Below median for more
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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