Basic Profile & Key Statistics
Main Sector(s): OfficeCountry(s) with Assets: United StatesNo. of Properties (exclude development/associate/fund): 13
Key Indicators
Performance Highlight
Gross revenue improved slightly but NPI declined due to higher property expenses. Income available for distribution and DPU declined by more than 20% mainly due to a combination of higher interest cost and manager elected to receive 100% of its base fee in cash. The adjusted income available for distribution is for a like-for-like comparison should the manager receive the base fees in cash for 1Q 2022.
Rental Reversion
Rental revision for 1Q is at negative 6.5%.
Related Parties Shareholding
REIT Sponsor's Shareholding: Below median by 20% or moreREIT Manager's Shareholding: Above median by 10% or moreDirectors of REIT Manager's Shareholding: Above median by 20% or more
Lease Profile
Occupancy: ± 5% from medianWALE: Below median by 10% or moreHighest Lease Expiry within 5 Years: Below median by 10% of more; Falls in 2027Weighted Average Land Lease...