Financial Highlights

Summary of Results

FY2020 FY2019 FY2018 FY2017 FY2016
Revenue (S$’000) 292,007 257,329 176,396 176,297 177,809
Net Property Income (S$’000) 231,890 204,951 138,187 138,186 138,631
Amount to be Distributed (S$’000) 132,8221 123,2142 71,290 69,950 67,417
Distribution per Unit (Singapore cents) 2.43 3.31 3.48 4.67 5.18

Balance Sheet (As at 31 December)

FY2020 FY2019 FY2018 FY2017 FY2016
Total Assets (S$’000) 6,766,398 6,888,193 4,571,142 3,573,570 3,459,428
Total Borrowings3 (S$’000) 2,664,142 2,687,127 1,675,037 1,221,058 1,260,759
Unitholders' Funds (S$’000) 3,177,972 3,318,417 2,038,092 1,407,285 1,206,751
Market Capitalisation (S$’000) 2,087,280 3,038,555 1,313,750 1,111,689 901,993
Number of Units in Issue and to be Issued (‘000) 5,427,850 5,392,459 2,861,589 1,546,769 1,302,598

Key Financial Ratios (As at 31 December)

FY2020 FY2019 FY2018 FY2017 FY2016
Net Asset Value per Unit (S$) 0.59 0.62 0.71 0.91 0.93
Aggregate Leverage Ratio (%) 41.2 40.3 39.3 37.3 39.8
Weighted Average All-in Cost of Debt (% per annum) 3.0 3.4 3.5 3.5 3.6
Weighted Average Debt Maturity (years) 2.3 2.2 3.5 2.7 1.5
Interest Cover Ratio (times) 2.7 3.3 3.0 3.2 3.1
Notes
  1. After retention of S$5.0 million of capital distribution, in addition to S$6.0 million for ongoing working capital requirements for the hospitality segment
  2. After retention of S$1.5 million for ongoing working capital requirements for the hospitality segment post completion of the merger with OUE Hospitality Trust in September 2019
  3. 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