Primary Profile & Key Statistics
Key Indicators
Efficiency Spotlight
EMA rental earnings (SGD) noticed important yearly enchancment, primarily pushed by larger variable elements from elevated gross sales. Distributable earnings and DPU have additionally improved, though to a lesser extent than the EMA rental improve, primarily as a result of larger tax bills.
Gross sales
Gross sales has elevated for each YoY and QoQ.
Asset Enhancement Initiatives
AEI for Hefei Outlet has been accomplished, and the brand new grocery store opened in January.
The second entrance work for Bishan Outlet was accomplished forward of schedule in December 2023.
Associated Events Shareholding
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The REIT sponsor, REIT supervisor, and administrators of the REIT supervisor maintain a comparatively excessive proportion of shareholding.
All earnings is acquired in RMB. WALE is brief with concentrated lease expiry. Moreover, the weighted common land lease expiry can be quick.
Debt Profile
The debt profile presents a combined image. On the optimistic facet, there’s a low gearing ratio, excessive adjusted curiosity protection
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