Financial Highlights

Financial Performance

FY2025 vs FY2024
($'000)	FY2025	FY2024	Variance (%)
Gross Revenue	120,076	113,308	6.0
Net Property Income ("NPI")	67,722	57,452	17.9
Finance Costs	17,064	17,862	(4.5)
Adjusted Income Available for Distribution ("DI")	43,830	35,584	23.2
Adjusted Distribution per Unit (cents)	3.90⁽¹⁾	3.15⁽²⁾	23.2⁽³⁾
Total Declared Distribution Amount	39,715	32,177	23.4
Declared Distribution per Unit (cents)	3.53⁽⁴⁾	2.86⁽⁵⁾	23.4
Applicable no. of Units ('000)	1,125,055	1,125,055	-

Notes

⁽¹⁾Adjusted DPU is stated before deducting capital allowances claim of S$4.1 million (0.37 cents per unit).
⁽²⁾Adjusted DPU is stated before retaining circa 10% of income available for distribution to pay for internalisation costs.
⁽³⁾Calculation of variances may differ due to rounding.
⁽⁴⁾Declared DPU was after deducting capital allowances claim of S$4.1 million (0.37 cents per unit).
⁽⁵⁾Declared DPU was after retaining circa 10% of income available for distribution to pay for internalisation costs.

S$'000	As at 31 December 2025	As at 30 September 2025	As at 31 December 2024
Investment properties	1,025,615	990,979	992,929
Other assets	32,148	31,393	31,648
Total assets	1,057,763	1,022,372	1,024,577
Borrowings, at amortised cost	347,277	354,950	348,994
Other liabilities	117,838	118,676	110,683
Total liabilities	465,115	473,626	459,677
Net assets attributable to Unitholders	592,648	548,746	564,900
Units in issue (units)	1,125,055,242	1,125,055,242	1,125,055,242
NAV per unit (S$)	0.53	0.49	0.50