Link: https://links.sgx.com/1.0.0/corporate-announcements/FE5H84N9IC20VHZV/bfe29121e1df3ad7fb1c7aa0f24e5d43e77a957a6ebf7994955fbb6d3f1771aa

Summary:

• Distribution per unit (DPU) rose 0.2% quarter-on-quarter, supported by steady operational performance.

• Portfolio occupancy reached 96.1%, with 2.5% positive rental reversions (ex-China) and improvement in China occupancy to 94%.

• Gross revenue and net property income held flat sequentially; year-on-year decrease mainly due to weaker foreign currencies and loss of income from divested properties.

• Amount distributable to unitholders rose 0.5% quarter-on-quarter; DPU for 1H FY25/26 was 3.627 cents.

• 69% of portfolio gross floor area now green certified; solar generating capacity increased 52% year-on-year to 108 MWp.

• Borrowing costs fell due to proactive refinancing and debt repayment; leverage ratio at 41.1%, cost of debt at 2.6% per annum.

• Manager reaffirms focus on portfolio rejuvenation, sustainability, and proactive capital management amidst ongoing macroeconomic uncertainty.