Basic Profile & Key Statistics
Main Sector(s): RetailCountry(s) with Assets: ChinaNo. of Properties (exclude development/associate/fund): 4
Key Indicators
Performance Highlight
EMA rental income in RMB increased YoY, however, in terms of SGD, both EMA rental income and distributable income declined YoY due to a weaker exchange of RMB against SGD. DPU on the other hand, increased YoY due to a lower amount retained.
Sales
Sales for all 4 outlets have improved YoY due to the re-opening of the economy. The 1Q 2023 sales has surpassed the pre-COVID 1Q 2019 level.
Asset Enhancement Initiative
Upgrading of the VIP Lounge at Chongqing Liangjiang Outlet has been completed.
Related Parties Shareholding
REIT Sponsor's Shareholding: Above median by 20% or moreREIT Manager's Shareholding: Above median by 20% or moreDirectors of REIT Manager's Shareholding: Above median by 20% or more
Lease Profile
Occupancy: ± 5% from medianIncome in SGD/Major Currencies: All income is received in RMBWALE: Below median by 20% or moreHighest Lease...