This printed article is located at https://paragonreit.listedcompany.com/financial_highlights.html

Financial Highlights

Consolidated Statement of Total Return
For the Financial Year Ended		 FY2024
S$ million		 FY2023
S$ million		 Change
%
Gross Revenue 301.0 288.9 4.2
Net Property Income 224.7 215.1 4.5
Income Available for Distributions 181.0 135.6 33.5
Distribution per Unit (cents) 6.501 5.02 29.5
Consolidated Statement of Financial Position 31 Dec 2024
S$ million		 31 Dec 2023
S$ million		 Change
%
Total Assets 4,314.5 4,268.7 1.1
Total Liabilities 1,639.7 1,377.5 19.0
Borrowings 1,526.9 1,268.7 20.4
Unitholder's fund 2,664.3 2,577.6 3.4
Number of Units in Issue (million) 2,839.0 2,833.4 0.2
Net Asset Value per Unit (S$) 0.94 0.91 3.2
Financial Ratios FY2024 FY2023
Total Annual Distribution Yield (%)    
• Based on closing price2 7.391 5.67
Gearing Ratio (%) 35.3 29.6
Interest Cover Ratio (times)3 3.4 3.5
Average All-in-Cost of Debt (% per annum) 4.40 4.30
Average Term to Maturity for Debt (years) 1.8 2.1

Note

  1. Includes Special Distribution of 1.85 cents.
  2. Based on closing price of S$0.88 per unit on 31 December 2024 (29 December 2023: S$0.885).
  3. 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.