Financial Highlights
| 1.7.2024 to 31.12.2024 (S$'000) |
1.7.2023 to 31.12.2023 (S$'000) |
Change % |
1.1.2024 to 31.12.2024 (S$'000) |
1.1.2023 to 31.12.2023 (S$'000) |
Change % |
|
|---|---|---|---|---|---|---|
| Gross revenue | 236,674 | 238,439 | (0.7) | 463,556 | 462,739 | 0.2 |
| Net property income | 159,766 | 159,846 | (0.1) | 310,759 | 313,150 | (0.8) |
| Income from joint ventures | 50,316 | 47,823 | 5.2 | 99,971 | 93,982 | 6.4 |
| - loans to joint ventures | 8,005 | 8,347 | (4.1) | 16,242 | 17,213 | (5.6) |
| - share of profits(a) | 42,311 | 39,476 | 7.2 | 83,729 | 76,769 | 9.1 |
| Distribution income | 92,231 | 106,287 | (13.2) | 180,923 | 206,789 | (12.5) |
| - from operations | 92,231 | 94,787 | (2.7) | 180,923 | 183,789 | (1.6) |
| - from capital | - | 11,500 | n.m. | - | 23,000 | n.m. |
| Number of issued and issuable units at the end of the period entitled to distribution ('000)(b) | 2,933,932 | 2,909,435 | 0.8 | 2,933,932 | 2,909,435 | 0.8 |
| Distribution per Unit ("DPU") (cents) (c) | 3.150 | 3.659 | (13.9) | 6.192 | 7.135 | (13.2) |
| - 1 Jan to 31 Mar (d) | - | - | - | 1.511 | 1.737 | (13.0) |
| - 1 Apr to 30 Jun (e) | - | - | - | 1.531 | 1.739 | (12.0) |
| - 1 Jul to 30 Sep (f) | 1.580 | 1.793 | (11.9) | 1.580 | 1.793 | (11.9) |
| - 1 Oct to 31 Dec | 1.570 | 1.866 | (15.9) | 1.570 | 1.866 | (15.9) |
n.m. – not meaningful
Footnotes:
- Excludes share of loss arising from fair value adjustments of $3,231,000 for the period from 1 July 2024 to 31 December 2024 (“2H FY24”) and for the financial year ended 31 December 2024 (“FY24”), $40,768,000 for the period from 1 July 2023 to 31 December 2023 (“2H FY23”) and for the financial year ended 31 December 2023 (“FY23”).
-
The computation of Distribution per Unit for the period from 1 October 2024 to 31 December 2024 is based on the number of units entitled to distribution:
- The number of units in issue as at 31 December 2024 of 2,921,418,466; and
- The units issuable to the Manager by 30 January 2025 as partial satisfaction of asset management base fees incurred for the period from 1 October 2024 to 31 December 2024 of 3,892,865 and asset management performance fees incurred for the period from 1 January 2024 to 31 December 2024 of 8,620,853.
- Please refer to Distribution statement on Page 6 to Page 8.
- Distribution of 1.511 cents per unit for the period 1 January 2024 to 31 March 2024 was paid on 30 May 2024.
- Distribution of 1.531 cents per unit for the period 1 April 2024 to 30 June 2024 was paid on 29 August 2024.
- Distribution of 1.580 cents per unit for the period 1 July 2024 to 30 September 2024 was paid on 28 November 2024.
