Basic Profile & Key Statistics
Main Sector(s): RetailCountry(s) with Assets: ChinaNo. of Properties (exclude associate/fund): 4
Key Indicators
Performance Highlight
EMA rental income in RMB increased YoY, however, in terms of SGD, it has declined slightly due to a weaker exchange of RMB against SGD. DPU has declined YoY mainly due to the absence of one-off non-recurring tax refund in 3Q 2022 and higher interest expenses.
Sales
Sales for all 4 outlets have improved YoY.
Asset Enhancement Initiative
AEI for the Kunming outlet has been completed where both Erlanggang Chongqing Hotpot and KFC have opened in 3Q.
For the Bishan outlet, the second entrance is planned and targeted to be completed by 1Q 2024.
AEI for the Hefei outlet would be carried out for the upcoming opening of a leading supermarket.
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%
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