Primary Profile & Key Statistics
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Efficiency Spotlight
Gross income, NPI, the quantity out there for distribution and DPU declined YoY primarily attributable to diminished revenue from the divestment of Mapletree Anson in July, larger property bills, forex impacts from a stronger SGD towards JPY and RMB, and absence of one-off property tax refund.
Rental Reversion
Portfolio rental reversion is 1.2%, with solely Singapore properties seeing constructive rental reversions. All different areas skilled unfavourable reversion.
Shopper Visitors & Tenant Gross sales
At VivoCity, each shopper site visitors and tenant gross sales have declined YoY attributable to momentary disruptions from the AEI. At Competition Stroll, tenant gross sales decreased YoY, though there was a slight enhance in shopper site visitors.
Mapletree Anson was divested on 31 July. Proceeds had been directed towards debt reimbursement to cut back gearing.
Asset Enhancement Initiative
VivoCity’s AEI is underway, focusing on completion by the tip of 2025. Part 1 will add three meals kiosks, and Part 2 will convert parking
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