a-reit
IR

Historical Performance

Total Return and Distribution FY08/09 FY09/10 FY10/11 FY11/12 FY12/13 FY13/14(1,2) FY14/15(1,2) FY15/16(1,2) FY16/17(1,2) FY17/18(1,2) FY18/19(1,2)
Gross Revenue (S$m) 396.5 413.7 447.6 503.3 575.8 613.6 673.5 761.0 830.6 862.1 886.2
Net Property Income (S$m) 296.6 320.0 339.4 368.3 408.8 436.0 462.7 533.7 611.0 629.4 649.6
Total Amount Available for Distribution (S$m) 210.9 234.9 248.0 281.7 305.6 342.0 351.1 378.3 446.3 468.0 485.7
Distribution per Unit (cents) 15.180(7) 13.100 13.230(7) 13.560 13.740(7) 14.240 14.600 15.357(7) 15.743(7) 15.988 16.035
                       
As at 31 March 2009 2010 2011 2012 2013 2014(1) 2015(1,2) 2016(1,2) 2017(1,2) 2018(1,2) 2019(1,2)
Number of Properties in Portfolio 89 93 93 102 103 105 107 133 131 131 171
Total Assets (S$m) 4,548 4,854 5,420 6,564 6,959 7,357 8,160 9,870 10,171 10,354 11,414
Number of Units in Issue (m) 1,684 1,871 1,874 2,085 2,399 2,403 2,406 2,666 2,925 2,929 3,111
Net Asset Value per Unit (S$)(4) 1.61 1.57 1.76 1.88 1.942 2.02 2.08 2.06 2.06 2.12 2.13
Total Gross Borrowings (S$m)(5) 1,591 1,522 1,900 2,401 1,971 2,208 2,735 3,678 3,442 3,563 4,141
Aggregate Leverage(6) 35.5% 31.6% 35.2% 36.6% 28.3% 30% 33.5% 37.2% 33.8% 34.4% 36.3%

Note

  1. With effect from FY11/12, results include the consolidation of the Trust’s wholly owned subsidiaries.
  2. The Group adopted FRS 110 Consolidated Financial Statements with effect from 1 April 2014 which results in the Group consolidating Ruby Assets Pte. Ltd. and Emerald Assets Limited since 1Q FY14/15. FY13/14 figures have been restated on a similar basis for comparison.
  3. Annualised based on actual distibution per Unit of 2.78 cents for the 133 days ended 31 March 2003.
  4. Prior to distribution of distributable income.
  5. Excludes fair value changes and amortised costs. Borrowings denominated in foreign currencies are translated at the prevailing exchange rates except for JPY/HKD-denominated debt issues, which are translated at the cross-currency swap rates that Ascendas Reit has committed to.
  6. Includes total borrowings and deferred payments on acquisition of properties but excludes fair value adjustments of the collateral loan.
  7. Distribution per Unit after performance fees