Investor Presentation Slides
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* Revenue grew by 5.2% to $29.9 million for 1Q 2020.
1Q 2020 Key Highlights DPU Growth of 1.4% for 1Q 2020 ―Amount available for distribution income grew by 5.7% (Y-O-Y) ―Will set aside $1.7 million for COVID-19 related relief measures to support our tenants where necessary, of which S$850,000 was retained in 1Q 2020 ―Notwithstanding, DPU for 1Q 2020 grew by 1.4% (Y-O-Y) to 3.32 cents Successful Refinancing of remaining Long Term Loan due in 2020 ―Secured a 6-year committed loan facility to term out the S$75.2 million loan2in 3Q 2020 ―Extended debt maturity profile to 2026 ―No long term debt refinancing needs till June 2021 Strong Capital Structure ―Extended JPY net income hedge till 2Q 2025 capitalising on the recent strengthening of JPY ―Gearing remains optimal at 38.5% ―Interest coverage ratio of 14.8 times ―About 89% of interest rate exposure is hedged ―Lowered all-in cost of debt from 0.80%3to 0.63% mainly due to the extension of JPY interest rate hedge at lower cost and overall drop in interest rates Impact of COVID-19 ―Posed significant impact on the global economy since its outbreak in early 2020 ―Notwithstanding, the REIT’s operations and performance are relatively stable with no major impact anticipated ―Continues to monitor the situation closely
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