Basic Profile & Key Statistics
Performance Highlight
Gross revenue and NPI have improved YoY. However, distributable income has declined significantly mainly due to higher finance costs and a reduction in the manager's fee being paid in units. Nonetheless, distribution to unitholders and DPU remain similar YoY due to the release of previously withheld distribution.
Rental Reversion
Rental reversion is positive for Singapore properties but negative for Australian properties. Overall, it is at a positive 6.3% for FY23.
Tenant Sales/Traffic
For FY23, visitor traffic is improved YoY. Additionally, tenant sales have improved for other properties besides Paragon.
Related Parties Shareholding
The REIT manager hold a relatively high proportion of shares, while the REIT sponsor and directors of the REIT manager hold a relatively low proportion.
Lease Profile
Committed occupancy is high and weighted average land lease expiry is long. However, the WALE is relatively short.
Debt Profile
The gearing ratio is low, and the proportion of fixed-rate
