Key Points
- DPU of 1.71 cents for the reporting quarter.
- Unitholders can look forward to a DPU of 3.38 cents for 2H 2010 which will be paid on 25 February 2011.
- Portfolio occupancy rate stood at 97.0% as at end 4Q 2010 compared with 99.2% as at the end of 3Q 2010. The decline in average occupancy was due mainly to the inclusion of 77 King Street office tower and MBFC Phase 1 which were 76.7% and 96.6% occupied respectively as at 31 December 2010. Both assets are newly completed, and are in the process of being leased.
- To finance the recent acquisition of MBFC Phase 1, the Manager raised total borrowings to $1.3 billion as at 31 December 2010 or an aggregate leverage of 37.0%.
The semi-annual DPU of 3.38 cents will be paid on 25 Feb 2011. Book closure is on 28 Jan 2011. DPU for the current quarter is 1.71 cents.
The DPU was 1.69 cents in the previous quarter.
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