Financial Highlights

Summary of Results

FY2019 FY2018 FY2017 FY2016 FY2015
Revenue (S$’000) 257,329 176,396 176,297 177,809 101,038
Net Property Income (S$’000) 204,951 138,187 138,186 138,631 75,639
Amount To be Distributed1 (S$’000) 123,214 71,290 69,950 67,417 56,118
Distribution per Unit (Singapore cents) 3.31 3.48 4.67 5.18 4.38

Balance Sheet (As at 31 December)

FY2019 FY2018 FY2017 FY2016 FY2015
Total Assets (S$’000) 6,888,193 4,571,142 3,573,570 3,459,428 3,464,122
Total Borrowings2 (S$’000) 2,687,127 1,675,037 1,221,058 1,260,759 1,272,237
Unitholders' Funds (S$’000) 3,318,417 2,038,092 1,407,285 1,206,751 1,233,064
Market Capitalisation (S$’000) 3,038,555 1,313,750 1,111,689 901,993 842,198
Number of Units in Issue and to be Issued (‘000) 5,392,459 2,861,589 1,546,769 1,302,598 1,289,452

Key Financial Ratios (As at 31 December)

FY2019 FY2018 FY2017 FY2016 FY2015
Net Asset Value per Unit (S$) 0.62 0.71 0.91 0.93 0.96
Aggregate Leverage Ratio (%) 40.3 39.3 37.3 39.8 40.1
Weighted Average All-in Cost of Debt (% per annum) 3.4 3.5 3.5 3.6 3.5
Weighted Average Debt Maturity (years) 2.2 3.5 2.7 1.5 2.3
Interest Cover Ratio (times) 3.3 3.0 3.2 3.1 3.7
Notes
  1. After retention for working capital purposes.
  2. Includes OUE C-REIT's share of OUB Centre Limited's loan. OUE C-REIT’s interest in One Raffles Place is held via its indirect interest in OUB Centre Limited.