Link: https://links.sgx.com/1.0.0/corporate-announcements/7FBTJW04D18FEHYK/de618784a7dd599bfe645bc46ee02023e6f2d847b935cfcf794b33f37b81a2cd

Summary:

• Net property income for 3Q 2025 increased 8.5% year-on-year to S$31.1 million; gross revenue rose 7.5% to S$51.5 million.

• Portfolio occupancy remains resilient at 84.4%, with 4.6% rental reversion and strong lease renewals (75%).

• Prudent capital management reduced gearing to 43.31%; rights issue launched to repay loans and fund upgrades.

• Underlying IDR performance recovered strongly: rental revenue up 9.9% YoY, gross revenue up 14.2%, NPI up 15.2%.

• Manager’s strategic focus on AEIs and tenant mix is reinforcing competitiveness in evolving Indonesian retail sector.

• Indonesia’s GDP growth and recent stimulus support optimistic retail outlook.