Basic Profile & Key Statistics
Key Indicators
Performance Highlight
Gross revenue, NPI, distributable income & DPU have improved YoY due to higher rental and higher occupancy.
Shopper Traffic and Tenant Sales
Both tenant sales and shopper traffic have improved YoY in which tenant sales continue to surpass pre-Covid level.
Rental Reversion
Rental reversion is at 8.5% for the retail portfolio and 9% for the office portfolio.
Asset Enhancement Initiative
AEI for IMM is scheduled to start in 1Q 2024 and expected to be completed by 3Q 2025. Additionally, AEI for 101 Miller Street is projected to be completed by 2Q 2024. As for Gallileo, AEI is set to commence in February 2024 and will take a minimum of 18 months to complete.
Related Parties Shareholding
REIT sponsor and directors of the REIT manager hold a relatively low proportion of shares.
Lease Profile
Overall, the lease profile falls within the median range.
Debt Profile
WADM is relatively wrong with a well-spread...