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Historical Performance

Total Return and Distribution 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) FY2019(3)
Gross Revenue (S$m) 413.7 447.6 503.3 575.8 613.6 673.5 761.0 830.6 862.1 886.2 699.1
Net Property Income (S$m) 320.0 339.4 368.3 408.8 436.0 462.7 533.7 611.0 629.4 649.6 537.7
Total Amount Available for Distribution (S$m) 234.9 248.0 281.7 305.6 342.0 351.1 378.3 446.3 468.0 485.7 375.4
Distribution per Unit (cents) 13.100 13.230(4) 13.560 13.740(4) 14.240 14.600 15.357(4) 15.743(4) 15.988 16.035 11.490
                       
As at 31 March
2010
31 March
2011
31 March
2012
31 March
2013
31 March
2014(1)
31 March
2015(1,2)
31 March
2016(1,2)
31 March
2017(1,2)
31 March
2018(1,2)
31 March
2019(1)
31 Dec
2019
Number of Properties in Portfolio 93 93 102 103 105 107 133 131 131 171 200
Total Assets (S$m) 4,854 5,420 6,564 6,959 7,357 8,160 9,870 10,171 10,354 11,414 13,864
Number of Units in Issue (m) 1,871 1,874 2,085 2,399 2,403 2,406 2,666 2,925 2,929 3,111 3,613
Net Asset Value per Unit (S$)(5) 1.57 1.76 1.88 1.942 2.02 2.08 2.06 2.06 2.12 2.13 2.16
Total Gross Borrowings (S$m)(6) 1,522 1,900 2,401 1,971 2,208 2,735 3,678 3,442 3,563 4,141 4,653
Aggregate Leverage(7) 31.6% 35.2% 36.6% 28.3% 30% 33.5% 37.2% 33.8% 34.4% 36.3% 35.1%

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. The Group changed its financial year end from 31 March to 31 December. Therefore, FY2019 is a nine-month period from 1 April 2019 to 31 December 2019.
  4. Distribution per Unit after performance fees.
  5. Prior to distribution of distributable income.
  6. 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.
  7. Includes total borrowings and deferred payments on acquisition of properties but excludes fair value adjustments of the collateral loan.

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