Basic Profile & Key Statistics
Key Indicators
Performance Highlight
Despite a slight YoY decline in gross revenue, NPI remained stable due to lower property expenses. Distribution from investments increased following the acquisition of an additional interest in NEX, leading to a YoY increase in distribution to unitholders. However, due to an enlarged unitholder base, DPU remained relatively unchanged.
Rental Reversion
Retail portfolio rental reversion for FY24 stands at 7.7%, with Central Plaza reporting a higher rental reversion of 9.3%.
Shopper Traffic & Tenant Sales
Both shopper traffic and tenant sales have improved YoY. While shopper traffic is still below pre-COVID levels, tenant sales have surpassed pre-COVID levels.
Asset Enhancement Initiative
The AEI for Tampines 1 was completed in August.
Related Parties Shareholding
REIT Sponsor's Shareholding: FavorableREIT Manager's Shareholding: FavorableDirectors of REIT Manager's Shareholding: Less Favorable
Lease Profile
Occupancy: FavorableWALE: Less...