Group | |||
3Q 2020 S$'000 |
3Q 2019 S$'000 |
Change % |
|
Gross rental income | 91,053 | 96,489 | (5.6) |
Car park income | 1,559 | 1,655 | (5.8) |
Other income | 2,115 | 5,660 | (62.6) |
Gross revenue | 94,727 | 103,804 | (8.7) |
Property management fees | (2,350) | (2,368) | (0.8) |
Property tax | (7,526) | (7,245) | 3.9 |
Other property operating expenses | (11,736) | (13,047) | (10.0) |
Property operating expenses | (21,612) | (22,660) | (4.6) |
Net property income | 73,115 | 81,144 | (9.9) |
Interest and other income | 1,212 | 1,911 | (36.6) |
Investment income | 1,312 | 1,319 | (0.5) |
Asset management fees: | |||
- Base fees | (2,064) | (2,085) | (1.0) |
- Performance fees | (2,754) | (3,162) | (12.9) |
Trust and other operating expenses | (6,239) | 1,015 | NM |
Finance costs | (15,775) | (17,358) | (9.1) |
Net income before share of profit of joint ventures | 48,807 | 62,784 | (22.3) |
Share of results (net of tax) of joint ventures | 18,036 | 20,884 | (13.6) |
Total return for the period before tax | 66,843 | 83,668 | (20.1) |
Tax expense | (1,968) | (1,617) | 21.7 |
Total return for the period after tax | 64,875 | 82,051 | (20.9) |
Attributable to | |||
Unitholders | 64,450 | 81,829 | (21.2) |
Non-controlling interest | 425 | 222 | 91.4 |
Total return for the period | 64,875 | 82,051 | (20.9) |
Distribution Statement | |||
Total return attributable to unitholders | 64,450 | 81,829 | (21.2) |
Net tax and other adjustments | (21,265) | (24,039) | (11.5) |
Tax-exempt income distribution | 11,600 | 3,850 | NM |
Distribution from joint ventures | 22,750 | 23,189 | (1.9) |
Distributable income to unitholders | 77,535 | 84,829 | (8.6) |
Group | Trust | |||||
30 Sep 2020 S$'000 |
31 Dec 2019 S$'000 |
Change % |
30 Sep 2020 S$'000 |
31 Dec 2019 S$'000 |
Change % |
|
Non-current assets | ||||||
Plant and equipment | 2,229 | 2,134 | 4.5 | 763 | 723 | 5.5 |
Investment properties | 8,046,188 | 8,092,052 | (0.6) | 3,605,912 | 3,609,100 | (0.1) |
Subsidiaries | - | - | - | 4,126,468 | 4,076,277 | 1.2 |
Joint ventures | 1,692,108 | 1,786,105 | (5.3) | 1,440,438 | 1,435,526 | 0.3 |
Equity investment | 29,655 | 38,156 | (22.3) | 29,655 | 38,156 | (22.3) |
Intangible asset | 45 | 30 | 50.0 | 39 | 21 | 85.7 |
Financial derivatives | 11,080 | 4,745 | NM | 11,080 | 4,745 | NM |
Total non-current assets | 9,781,305 | 9,923,222 | (1.4) | 9,214,355 | 9,164,548 | 0.5 |
Current assets | ||||||
Trade and other receivables | 70,762 | 61,793 | 14.5 | 79,821 | 73,847 | 8.1 |
Cash and cash equivalents | 126,785 | 205,467 | (38.3) | 78,298 | 162,038 | (51.7) |
Financial derivatives | 598 | 269 | NM | 598 | 269 | NM |
Total current assets | 198,145 | 267,529 | (25.9) | 158,717 | 236,154 | (32.8) |
Total assets | 9,979,450 | 10,190,751 | (2.1) | 9,373,072 | 9,400,702 | (0.3) |
Current liabilities | ||||||
Trade and other payables | 84,288 | 75,032 | 12.3 | 83,525 | 65,051 | 28.4 |
Current portion of security deposits | 27,477 | 17,776 | 54.6 | 17,447 | 10,145 | 72.0 |
Interest-bearing liabilities | 253,469 | 42,746 | NM | 253,469 | 42,746 | NM |
Financial derivatives | 837 | 782 | 7.0 | 837 | 782 | 7.0 |
Current tax payable | 6,840 | 4,533 | 50.9 | 254 | 75 | NM |
Total current liabilities | 372,911 | 140,869 | NM | 355,532 | 118,799 | NM |
Non-current liabilities | ||||||
Non-current portion of security deposits | 42,901 | 53,425 | (19.7) | 27,038 | 35,686 | (24.2) |
Interest-bearing liabilities | 2,639,026 | 2,767,764 | (4.7) | 2,215,164 | 2,375,214 | (6.7) |
Financial derivatives | 10,405 | 5,589 | 86.2 | 10,405 | 5,589 | 86.2 |
Other payables | 1,870 | 2,890 | (35.3) | 124,716 | 127,750 | - |
Deferred tax liabilities | 5,346 | 5,809 | (8.0) | - | - | - |
Total non-current liabilities | 2,699,548 | 2,835,477 | (4.8) | 2,377,323 | 2,544,239 | (6.6) |
Total liabilities | 3,072,459 | 2,976,346 | 3.2 | 2,732,855 | 2,663,038 | 2.6 |
Net assets | 6,906,991 | 7,214,405 | (4.3) | 6,640,217 | 6,737,664 | (1.4) |
Represented by: | ||||||
Unitholders’ funds | 6,875,836 | 7,185,098 | (4.3) | 6,640,217 | 6,737,664 | (1.4) |
Non-controlling interests | 31,155 | 29,307 | 6.3 | - | - | - |
Total equity | 6,906,991 | 7,214,405 | (4.3) | 6,640,217 | 6,737,664 | (1.4) |
NM - Not Meaningful