Basic Profile & Key Statistics
Main Sector(s): OfficeCountry(s) with Assets: United StatesNo. of Properties (exclude development/associate/fund): 14
Key Indicators
Performance Highlight
Gross revenue and NPI, income available for distribution declined YoY mainly due to lower gross revenue arising from occupancy decline, high property expenses, and finance expenses. As the Manager has elected to receive 100% of its base fee for 2023 in cash, the decline would be 28.7%. For a like-for-like comparison in 2 cases, the decline is at 22.5%.
Rental Reversion
Rental reversion for 1Q is at -2.6%.
Related Parties Shareholding
REIT Sponsor's Shareholding: Below median by 20% or moreREIT Manager's Shareholding: Below median by 20% or moreDirectors of REIT Manager's Shareholding: Above median by 20% or more
Lease Profile
Occupancy: Below median by 5% or moreWALE: ± 10% from medianHighest Lease Expiry within 5 Years: Below median by 10% or more; Falls in 2025Weighted Average Land Lease Expiry: 100% freehold properties
Debt Profile
Gearing Ratio: Above median...