Financial Highlights

  Six-month period ended 30.6.2025
(S$'000)		 Six-month period ended 30.6.2024
(S$'000)		 Change
%
Gross revenue 234,459 226,882 3.3
Net property income 159,480 150,993 5.6
Income from joint ventures 51,164 49,581 3.2
- loans to joint ventures 6,764 8,237 (17.9)
- share of profits(a) 44,400 41,344 7.4
Distribution income from operations 92,801 88,692 4.6
Number of issued and issuable units at the end of the period entitled to distribution (‘000)(b) 2,941,903 2,917,972 0.8
Distribution per Unit ("DPU") (cents) (b),(c) 3.155 3.042 3.7
- 1 January to 31 March (d) 1.563 1.511 3.4
- 1 April to 30 June 1.592 1.531 4.0

Footnotes:
  1. Excludes share of (loss)/ gain arising from fair value adjustments of ($268,000) for the period from 1 January 2025 to 30 June 2025 (“1H FY25”) and $74,000 for the period from 1 January 2024 to 30 June 2024 (“1H FY24”).
  2. The computation of Distribution per Unit for the period from 1 April 2025 to 30 June 2025 is based on the number of units entitled to distribution:
    1. The number of units in issue as at 30 June 2025 of 2,937,832,603; and
    2. The units issuable to the Manager by 30 July 2025 as partial satisfaction of asset management base fees incurred for the period from 1 April 2025 to 30 June 2025 of 4,069,827.
  3. Please refer to Distribution statement on Page 6-8.
  4. Distribution of 1.563 cents per unit for the period 1 January 2025 to 31 March 2025 was paid on 30 May 2025.