Basic Profile & Key Statistics
Performance Highlight
Gross revenue and NPI remain similar YoY. However, income available for distribution declined due to higher finance costs.
Related Parties Shareholding
The directors of the REIT manager hold a relatively high proportion of shares whereas the sponsor holds a relatively low proportion of shares.
Lease Profile
The lease expiry is well spread, and all properties are freehold. However, the committed occupancy rate is relatively low.
Debt Profile
All debts are unsecured. However, the gearing ratio is relatively high, and there is a low proportion of fixed-rate debt.
Diversification Profile
Overall, the portfolio is well diversified.
Key Financial Metrics
The manager's management fee is relatively low compared to operating distributable income. Operating distributable income on capital and operating distribution proportion are high. However, the operating distributable income margin is low.
DPU Breakdown
Trends
Slight Downtrend: NAV