Basic Profile & Key Statistics
Performance Highlight
Gross revenue, NPI, the amount available for distribution and DPU declined YoY primarily due to reduced income from the divestment of Mapletree Anson in July, higher property expenses, currency impacts from a stronger SGD against JPY and RMB, and absence of one-off property tax refund.
Rental Reversion
Portfolio rental reversion is 1.2%, with only Singapore properties seeing positive rental reversions. All other regions experienced negative reversion.
Shopper Traffic & Tenant Sales
At VivoCity, both shopper traffic and tenant sales have declined YoY due to temporary disruptions from the AEI. At Festival Walk, tenant sales decreased YoY, although there was a slight increase in shopper traffic.
Divestment
Mapletree Anson was divested on 31 July. Proceeds were directed toward debt repayment to reduce gearing.
Asset Enhancement Initiative
VivoCity’s AEI is underway, targeting completion by the end of 2025. Phase 1 will add three food kiosks, and Phase 2 will convert parking
