Basic Profile & Key Statistics
Key Indicators
Performance Highlight
In SGD terms, EMA rental income remained stable YoY. However, distributable income increased due to lower finance and tax expenses despite a reduction in management fees payable in units. DPU remained similar due to higher retention.
Sales
For FY24, portfolio sales declined by 3.9% YoY, impacted by cautious consumer spending, shifts in demand for international brands, and external factors such as extreme weather. However, sales rebounded by 4.8% YoY in 4Q, driven by strong October Golden Week sales and year-end promotions.
Asset Enhancement Initiatives
AEIs for the Kunming and Hefei outlets were completed. Additionally, an energy-efficient air-conditioning system will be installed at Chongqing Liangjiang Outlet between 2025 and 2027 to enhance energy efficiency.
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REIT Sponsor’s Shareholding: FavorableREIT Manager’s Shareholding: FavorableDirectors of REIT Manager’s Shareholding: Favorable
Lease Profile
Committed Occupancy: FavorableIncome Received in SGD/Major Currencies: Less FavorableHighest Annual Lease Expiry in 4 Years: Less FavorableWALE:
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