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Financial Highlights

Consolidated Statement of Total Return
For the Financial Period/Year Ended
16M FY20222
S$ million
FY20211
S$ million
Change
%
Gross Revenue 376.4 277.2 35.8
Net Property Income 279.9 202.6 38.1
Distributable Income to Unitholders 210.2 157.8 33.2
Distribution per Unit (cents) 7.24 5.40 34.1
Consolidated Statement of Financial Position 31 Dec 2022
S$ million
31 Aug 2021
S$ million
Change
%
Total Assets 4,256.9 4,246.6 0.2
Total Liabilities 1,377.8 1,398.7 (1.5)
Borrowings 1,271.6 1,293.1 (1.7)
Net Assets Attributable to Unitholders 2,563.1 2,535.2 1.1
Number of Units in Issue (million) 2,810.9 2,785.2 0.9
Net Asset Value per Unit (S$) 0.91 0.91 -
Financial Ratios 16M FY20222 FY20211
Annualised Distribution Yield (%)    
• Based on closing price3 6.03 5.93
Gearing Ratio (%) 29.8 30.3
Interest Cover Ratio (times)4 6.8 7.3
Average All-in-Cost of Debt (% per annum) 2.05 1.84
Average Term to Maturity for Debt (years) 2.8 2.9

Note

  1. FY2021 refers to the period 1 September 2020 to 31 August 2021.
  2. 16M FY2022 refers to the period 1 September 2021 to 31 December 2022.
  3. Based on closing price of S$0.90 per unit on 30 December 2022 (31 August 2021: S$0.91).
  4. The ratio is calculated by dividing the trailing 12 months EBITDA by the trailing 12 months interest expense (excluding FRS 116 finance expense) in accordance with MAS guidelines.