Basic Profile & Key Statistics
Performance Highlight
Revenue, NPI and distributable income have improved YoY. The significant increase in NPI is attributed to lower property taxes resulting from property tax refunds.
RevPAR
RevPar has shown signs of improvement and has increased YoY.
Related Parties Shareholding
The REIT manager, and directors of the REIT manager hold a relatively low proportion of shareholding.
Lease Profile
The weighted average land lease expiry is long. However, the WALE is short with a concentrated lease expiry.
Debt Profile
The cost of debt is high, and debt maturity is concentrated. Additionally, the proportion of unsecured debt is low.
Diversification Profile
The portfolio exhibits geographical and property diversification, but tenant contribution is concentrated.
Key Financial Metrics
The property yield and operating distributable income on capital are relatively high. Additionally, the management fee is low compared to operating distributable income. However, the operating distributable income margin is low.
DPU Breakdown
TTM Distributable Income Breakdown:94.7% from Operation5.3% from Management
