Primary Profile & Key Statistics
No. of Properties (exclude improvement/affiliate/fund): 186
Efficiency Spotlight
Gross income, NPI, distributable revenue and DPU elevated yoy primarily as a consequence of contribution from properties acquired in 1Q FY22/23 and FY21/22.
Rental Reversion
Lease reversion for the most recent quarter is at +2.9%.
Divestment
MLT introduced the proposed divestment of 3 Changi South Lane and 2 properties in Malaysia in Dec 2022 and Jan 2023 respectively. Divestment for 3 Changi South Lane is anticipated to be accomplished by 4Q FY22/23 (which is between Jan – Mar 2023) whereas the Malaysia properties are anticipated to be accomplished by 1H FY23/24.
Improvement
The redevelopment of 51 Benoi Highway is focused to be accomplished by 1Q 2025 which might enhance the GFA by 2.3 occasions.
Sensitivity to Curiosity Fee
For each 0.25% enhance in rate of interest, DPU could be impacted by 0.01 cent per quarter,
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