Basic Profile & Key Statistics
Main Sector(s): IndustrialCountry(s) with Assets: Singapore, United States, Canada & JapanNo. of Properties (exclude associate/fund): 142
Performance Highlight
Gross revenue and NPI declined slightly YoY and the borrowing costs have increased YoY. However, the amount available for distribution and distribution to unitholders increased YoY due to a combination of higher distribution from joint venture and higher distribution from divestment proceeds, which include the distribution of compensation received for the compulsory acquisition of part of the land at 2 and 4 Loyang Lane in 2022 and the distribution of divestment gains from 65 Tech Park Crescent that was divested in 2017. However, DPU has declined YoY due to an enlarged unitholders base.
Rental Reversion
Positive rental reversion was achieved across all types of buildings with the weighted average rental reversion at 8.8%.
Acquisition
The acquisition of a data centre in Osaka has been completed on 28 September.
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