Basic Profile & Key Statistics
Key Indicators
Performance Highlight
Gross revenue and NPI remain similar YoY. The amount available for distribution and DPU declined YoY due to a combination of the highest finance costs and the absence of one-off realized gain from financial derivative instruments.
Rental Reversion
Portfolio rental reversion is at 4.1%.
Shopper Traffic & Tenant Sales
At VivoCity, there was a slight YoY decline in both shopper traffic and tenant sales. Meanwhile, at Festival Walk, shopper traffic increased compared to last year, although tenant sales experienced a decline YoY.
Asset Enhancement Initiative
Reconfiguration of level 1 F&B cluster was completed.
Related Parties Shareholding
The REIT manager holds a relatively high number of shares, whereas the sponsor and directors of the REIT manager hold a relatively low number of shares.
Lease Profile
WALE is relatively long with a well-spread lease expiry.
Debt Profile
WADM is relatively long with well-spread debt maturity. While the cost of debt is low, the proportion...