Key Points
- DPU for the quarter is 3.37 cents. This is computed on the basis that none of the S$300 million convertible collateral loan due February 2017 is converted into A-REIT Units on or before the book closure date.
- Net Property Income increased by 8.2% year-on-year to S$87.3 million.
- Distributable income of S$63.1 million is 3.5% higher year-on-year.
- Continue to achieve positive rental reversion on lease renewals in the sub sectors of Business & Science Parks and Hi-Tech Industrial.
- Occupancy rate for the portfolio has remained stable at 95.6%.
- As at 30 June 2010, A-REIT has a portfolio of 92 properties and a total asset value of about S$4.9b housing a tenant base of about 930 international and local companies.
- The Trust has an average term of debt maturity of 3.5 years and a well balanced debt maturity profile such that only about 39.7% of its total debts outstanding are due for refinancing over the next three years until 2013.
- As at 30 June 2010, A-REIT’s aggregate leverage was 34.1%.
- The weighted average cost of funding is 3.93%. All of A-REIT’s floating interest rate exposure is fixed for the next 2.9 years.
- The Transfer Books and Register of Unitholders will be closed at 5.00 pm on 26 July 2010 for the purpose of determining unitholders’ entitlements to distribution.
- The distribution that will be paid on 26 Aug 2010.
The DPU, expected to be 3.37 cents, will be paid on 26 Aug 2010. The actual DPU will depend on whether there is any conversion of the convertible collateral loan due February 2017 into A-REIT Units on or before the book closure date.
The DPU was 2.73 cents in the previous quarter.
No comments:
Post a Comment