4QFY2013 and 2HFY2013 Results Presentation. January 2014
|
|
- Derick Hill
- 6 years ago
- Views:
Transcription
1 4QFY2013 and 2HFY2013 Results Presentation January
2 Disclaimer This presentation should be read in conjunction with the financial statements of Soilbuild Business Space REIT for the period from 1 October 2013 to 31 December 2013 (hereinafter referred to 4QFY2013). This presentation is for information only and does not constitute an offer or solicitation of an offer to subscribe for, acquire, purchase, dispose of or sell any units in Soilbuild Business Space REIT ( Soilbuild REIT, and units in Soilbuild REIT, Units ) or any other securities or investment. Nothing in this presentation should be construed as financial, investment, business, legal or tax advice and you should consult your own independent professional advisors. This presentation may contain forward-looking statements that involve risks, uncertainties and assumptions. Future performance, outcomes and results may differ materially from those expressed in forward-looking statements as a result of a number of risks, uncertainties and assumptions. You are cautioned not to place undue reliance on these forward-looking statements, which are based on the current view of management of future events. The value of Units and the income derived from them, if any, may fall or rise. Units are not obligations of, deposits in, or guaranteed by, the Manager or any of its affiliates. An investment in Units is subject to investment risks, including the possible loss of the principal amount invested. Investors should note that they will have no right to request the Manager to redeem or purchase their Units for so long as the Units are listed on Singapore Exchange Securities Trading Limited (the SGX-ST ). It is intended that holders of Units may only deal in their Units through trading on the SGX-ST. The listing of the Units on the SGX-ST does not guarantee a liquid market for the Units. The past performance of Soilbuild REIT is not indicative of the future performance of Soilbuild REIT. Similarly, the past performance of SB REIT Management Pte. Ltd. ( Manager ) is not indicative of the future performance of the Manager. Citigroup Global Markets Singapore Pte. Ltd., DBS Bank Ltd. and Oversea-Chinese Banking Corporation Limited are the joint global coordinators, issue managers, bookrunners & underwriters of the initial public offering of Soilbuild REIT. 2
3 Content Key Highlights 4 4Q FY2013 and 2H FY2013 Financial Performance 6 Financial Position / Capital Management 11 Portfolio Update 15 Market Update and Outlook 22 3
4 4 Key Highlights
5 Key Highlights of 4Q FY2013 and 2H FY2013 Results 4Q FY2013 Results Distribution per Unit for 4Q FY2013 (1 October 2013 to 31 December 2013) at SGD cents 3.4% above the Forecast (1). Portfolio Gross Revenue and Net Property Income for 4Q FY 2013 outperformed the Forecast (1) by 0.9% and 2.1% respectively. 2H FY2013 Results Distribution per Unit for 2H FY2013 (16 August 2013 to 31 December 2013) at SGD cents 3.2% above the Forecast (1). Portfolio Gross Revenue and Net Property Income for 2H FY2013 outperformed the Forecast (1) by 0.9% and 2.1% respectively. Financial Position 100% of debt hedged. Average all-in interest cost of 3.12% as at 31 December Conservative gearing at 29.3% as at 31 December 2013 provides debt headroom for future acquisitions. Healthy interest cover ratio of 5.5 times. Portfolio Update Portfolio occupancy rate increased from 99.8% to 99.9% during 4Q 2013 due to expansion by an existing tenant in Eightrium. 17% of portfolio NLA due for renewal in FY2014. Portfolio market value as at 31 December 2013 is S$935 million (2). Notes: 1) The Forecast is derived from the Forecast Year 2013 figures disclosed in the Prospectus dated 7 August 2013 (the Prospectus ). 2) Based on the Colliers valuations dated 31 December
6 6 4Q FY2013 Financial Performance
7 Distribution per Unit 4Q FY2013 For the period from 01 October 13 to 31 December 13 Actual Forecast Variance (%) Distributable Income (S$000) 12,150 11, % Distribution per Unit ( DPU ) (cents) % Annualised DPU (cents) (1) 5.99 Annualised Distribution Yield (2) 7.8% 2H FY2013 For the period from 16 August 13 to 31 December 13 Actual Forecast Variance (%) Distributable Income (S$000) 18,263 17, % Distribution per Unit ( DPU ) (cents) % Annualised DPU (cents) (1) 6.00 Annualised Distribution Yield (2) 7.8% Note: (1) Based on million units in issue as at 31 December 2013 (2) Based on closing price as at 31 Dec 2013 of $
8 4Q FY2013 Financial Results P&L For the period from 01 October 13 to 31 December 13 Actual (S$000) Forecast Variance (%) Revenue 16,333 16, % Less Property Expenses (2,637) (2,776) 5.0% Net Property Income 13,696 13, % Manager s Fees (1,365) (1,182) (15.5%) Other Trust Expenses (227) (213) (6.6%) Finance Expenses (1) (2,206) (2,302) 4.2% Total return for the period 9,898 9, % Add back Non-Tax Deductible Items (2) 2,252 2, % Distributable Income 12,150 11, % Note: (1) Finance Expenses comprise net interest expense and amortisation of debt arrangement fees. (2) Non-tax deductible items comprise the Manager s management fees, property management and lease management fees paid or payable in Units, rent free amortisation, Trustee s fees and amortisation of debt arrangement fees. 8
9 2H FY2013 Financial Results P&L For the period from 16 August 13 to 31 December 13 Actual (S$000) Forecast Variance (%) Revenue 24,565 24, % Less Property Expenses (3,960) (4,164) 4.9% Net Property Income 20,605 20, % Manager s Fees (1,976) (1,775) (11.3%) Other Trust Expenses (337) (326) (3.4%) Finance Expenses (1) (3,307) (3,465) 4.6% Net Investment Income before Tax and fair value change 14,985 14, % Fair value change in investment properties 29,748 - n.m. (3) Total return for the period 44,733 14,623 n.m. (3) Add back Non-Tax Deductible Items (2) (26,470) 3,048 n.m. (3) Distributable Income 18,263 17, % Note: (1) Finance Expenses comprise net interest expense and amortisation of debt arrangement fees. (2) Non-tax deductible items comprise the Manager s management fees, property management and lease management fees paid or payable in Units, rent free amortisation, net change in fair value of investment properties, Trustee s fees and amortisation of debt arrangement fees. (3) n.m. denotes not meaningful. 9
10 4Q FY2013 Distribution Distribution Details 4Q FY2013 Distribution Period 1 October December 2013 Distribution Amount cent per unit Distribution Timetable 4Q FY2013 Last Day of Trading on cum Basis Tuesday, 28 January 2014 Ex-Date Wednesday, 29 January 2014 Books Closure Date Monday, 3 February 2014 Distribution Payment Date Friday, 28 February
11 11 Financial Position/ Capital Management
12 4Q FY2013 Financial Results Balance Sheet All figures S$000 unless otherwise stated Actual as at 31 December 2013 Pro-forma as at 31 December 2012 Investment Properties 935, ,000 Other Assets 20,292 1,000 Total Assets 955, ,000 Current Liabilities 9,149 8,351 Bank Borrowings 275, ,656 Other Liabilities 23,514 13,766 Net Assets 647, ,227 Units in Issue ( 000) 804, ,303 Net Asset Value per Unit (S$)
13 Proactive Capital Management Borrowing Details Total Debt Facility Total Debt Drawn Down Aggregate Leverage (1) 29.3% Average All-in Interest Costs (2) 3.12% S$285 million S$280 million Weighted Average Debt Maturity 2.6 years (as at 31 Dec 2013) Interest Coverage Ratio 5.5x 100% of Debt already hedged 75% of the initial debt drawn down at IPO fixed with 2, 3 and 4 year interest rate swaps The remaining 25% of the initial debt drawn down at IPO fixed with a 1 year interest rate swap on 5 Nov 2013 (maturity on 19 Nov 2014) Weighted average swap rate is 0.82% S&P Credit Rating (assigned on 22 Jan 2014) BBB- Debt Maturity Profile (S$ Million) No Near Term Refinancing Risks Well spread maturity profile with weighted average debt maturity of 2.6 years as at 31 Dec 2013 $95.0 $95.0 $ % of Debt Maturing 0% 34% 34% 32% % of Fixed Debt 100% Note: (1) Ratio of Debt over Deposited Properties under the Property Funds Appendix. (2) Inclusive of margins and amortisation of debt arrangement fees. 13
14 Credit Rating Standard & Poor s ( S&P ) assign investment grade credit rating of BBB- with stable outlook on 22 January 2014 Corporate Credit Rating ASEAN Regional Scale Rating BBB-/Stable/-- axa-/-- Profile Assessments BUSINESS RISK FINANCIAL RISK SATISFACTORY INTERMEDIATE S&P Overview of Soilbuild REIT s credit rating: Singapore-based has good asset quality, almost-full occupancy rates, and a moderate financial policy However, the industrial REIT's portfolio size is limited, its expiry profile is slightly uneven, and bank covenants constrain its leverage The stable outlook reflects our expectation that the REIT will continue generating steady cash flows and its ratio of debt to assets will not exceed 40% over the next 24 months. 14
15 15 Portfolio Update
16 Portfolio Overview Soilbuild REIT Properties are located in key technology, media and back office hubs and logistics clusters, which are near air and sea transportation ports such as Changi Airport, Jurong Port and the planned mega container port at Tuas expected to be operational around Portfolio Summary (1) COS Printers NLA: 58,752 sq ft Valuation: S$11.0 million Total Valuation (2) S$935 million Total NLA 2,955,338 sq ft WALE (3) 3.6 years Occupancy 99.9% NK Ingredients NLA: 312,375 sq ft Valuation: S$62.0 million Industrial Properties Business Park Properties Second Link (Tuas Checkpoint) BOON LAY SIMEI CHANGI PIONEER JOO KOON BUONA VISTA ONE-NORTH EXPO Tuas Connection NLA: 651,072 sq ft (4) Valuation: S$126.0 million Tuas Port (2022) Jurong Port Jurong Island PSA Terminal Sentosa CBD Keppel Terminal Eightrium NLA: 177,286 sq ft Valuation: S$102.0 million BK Marine NLA: 73,737 sq ft Valuation: S$15.0 million West Park BizCentral NLA: 1,240,583 sq ft Valuation: S$319.0 million (1) As at 31 December (2) Based on the Colliers valuations dated 31 December (3) By Gross Rental Income for the month of 31 December (4) NLA includes some dedicated common areas within tenants compounds but does not constitute GFA. Solaris NLA: 441,533 sq ft Valuation: S$300.0 million 16
17 Portfolio Summary Portfolio occupancy as at 31 Dec 2013 increased by 0.2% since IPO due to space expansion of existing tenants Property Solaris Type Business Park Lease Arrangement Master Lease Property Age (1) (Years) Remaining Land Lease (Years) Occupancy Rate (2) as at 31 Dec 13 Occupancy Rate as at IPO Purchase Price (S$ Million) % 100.0% $293.4 West Park BizCentral Eightrium Multi-User Ramp-up Factory Business Park Multi Tenanted Multi Tenanted % 100.0% $ % 95.3% $91.4 Tuas Connection NK Ingredients Multi-User Land Based Factory Single-User Factory Multi Tenanted Master Lease % 100.0% $122.7 Ph1: 22.5 Ph2: 6.4 (3) % % $60.0 COS Printers Single-User Factory Master Lease % 100.0% $10.3 Beng Kuang Marine Single-User Factory Master Lease % 100.0% $14.5 Portfolio (4) 99.9% 99.7% $905.3 (1) Age from issue of CSC (as at Dec 31, 2013). (2) Assumes master leases in place. (3) Phase 1 of development received CSC in July 1991 and Phase 2 of development received CSC in Aug (4) As at Dec 31,
18 Key Portfolio Metrics 1 Portfolio Income by Property 2 Well Spread Trade Sectors (1) West Park BizCentral 34% Solaris 26% 4Q FY2013 Gross Revenue of S$16.3 million NK Ingredients 7% COS Printers 1% BK Marine 2% Tuas Connection 16% Changi Business Park 14% 22.5% 4.5% 4.6% 4.6% 7.2% % of Occupied NLA of 2.95 million sq ft 11.8% 16.4% 16.2% 12.4% Marine Offshore, Oil & Gas Precision Engineering, Electrical and Machinery products Supply Chain Management, 3rd Party Logistics, Freight Forwarding Chemicals Fabricated Metal Products Electronics Publishing, Printing & Reproduction of Recorded Media Construction Others (1) Inclusive of underlying tenants for Solaris 3 Diversified Tenant Base (1) (2) 4 Balanced portfolio with Growth Upside MNC 69% Total of 104 tenants in portfolio SME 25% Government Agency 6% Multi-tenanted Properties 58% 4Q FY2013 NPI: S$13.7 million Properties under Master lease 42% (1) Inclusive of underlying tenants for Solaris. (2) Based on Gross Rental Income. 18
19 Leasing Update Total No. of Leases Due for Renewal 3 (2.2% of NLA) (1) Inclusive of forward renewal of future lease expiries Year to date (16 Aug 2013 to 31 Dec 2013) No. of Leases Retention Rate Rental Reversion Renewed (1) (by area) Achieved 3 100% 7.9% Lease Expiry Profile After Renewals 35% 30% 25% 20% 15% All the expiries due in 2013 have been renewed 1.2% 33.2% 1.0% 31.0% 10% 5% 0% 15.8% 12.0% 2.2% 5.8% >2017 Area up for expiry as % of total NLA 2H 2013 Lease expiry renewed 19
20 Well Staggered Lease Expiry Profile Tenant Lease Expiry Profile (% of Occupied NLA & Gross Rental Income) WALE (by NLA) 3.7 years 40.0% WALE (by Gross Rental Income) 3.6 years 37.0% 35.0% 33.2% 30.0% 28.2% 31.0% 25.0% 20.0% 17.0% 15.0% 14.9% 13.0% 12.3% 10.0% 5.0% 5.8% 7.6% 0.0% >2017 Lease Expiry Profile By Occupied NLA Lease Expiry Profile By Gross Income 20
21 Quality and Established Tenant Base Top 10 Tenants (By Gross Rental Income) (1) Mitigation for Sponsor Concentration Risk: Huawei International Pte Ltd 1.4% Best-in-class properties with strong demand C.O.S Printers Pte Ltd 1.5% Strong underlying tenant base of established tenants Knowledge Universe Singapore Pte Ltd 1.6% Established Sponsor with successful track record PICCO Enterprise Pte Ltd 1.8% Rentals secured with 12-months rental deposits and corporate guarantee Dyson Operations Pte Ltd 2.0% Barclays Technology Centre Limited 2.5% Nestle Singapore (Pte) Ltd 4.6% Schenker (Singapore) Pte Ltd 5.6% NK Ingredients Pte Ltd 7.7% Soilbuild(2) 26.9% Top 10 tenants (excluding Soilbuild) accounts for less than 30% of Gross Rental Income (1) For the month of December 2013 (2) Soilbuild s exposure includes SB Solaris (Investment) Pte.Ltd. and SB Storage Pte Ltd. 21
22 22 Market Update and Outlook
23 Median Rents of Business Space $ psf per month $ psf per month $ psf per month $ psf per month 1 Median Rents for Private Business Park 2 Median Rents for Private Single-user Factory Q 2013 Islandwide IBP CBP MBC and Singapore Science Park Q 2013 Islandwide West Region 3 Median Rents for Private Multiple-user Factory 4 Median Rents for Private Warehouse Q Q 2013 Islandwide West Region Islandwide West Region Source: URA 23
24 Market Update and Outlook Singapore s Economy Singapore s economy grew 3.7% for the full year of This was largely contributed by the strong third and fourth quarter year-on-year growth of 5.9% and 4.4% respectively. However, manufacturing activity contracted for the first time in 9 months in December 2013, with the overall Singapore s Purchasing Managers Index ( PMI ) of 49.7, down from 50.8 in November Industrial Property Sector For the third quarter of 2013, the industrial property market appeared to be tracking well, despite the recent policy cooling measures set by JTC and MAS. The URA All Industrial Property Price and Rental index recorded growth of 6.1% and 8.8% respectively, on a year-on-year basis and by 2.8% and 4.4% respectively, on a quarter-onquarter basis. According to DTZ, industrial rents are projected to continue the upward trend in 2014, due to the growth in the manufacturing and externally orientated industries and a moderate supply of available space coming on to the market backed by high levels of pre-commitment. Soilbuild Business Space REIT Since listing, portfolio renewals have recorded a positive reversion of 7.9%. Approximately 17% of portfolio NLA is due for renewal in Barring any unexpected non-renewals, Management believes that Soilbuild REIT is well placed to deliver on its forecast distribution for 2014 financial year. Source: Ministry of Trade and Industry, URA, DTZ 24
25 Thank You Key Contacts: Shane Hagan Chief Executive Officer Tel: (65) Roy Teo Chief Operating Officer Tel: (65)
DBS Pulse of Asia Conference. 5 January 2015
DBS Pulse of Asia Conference 5 January 2015 Disclaimer This presentation should be read in conjunction with the financial statements of Soilbuild Business Space REIT ( Soilbuild REIT ) for the period from
More information(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore)
(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore) SOILBUILD BUSINESS SPACE REIT UNAUDITED FINANCIAL STATEMENTS AND TABLE OF CONTENTS Item No.
More informationInvestor Presentation. September 2013
Investor Presentation September 2013 Disclaimer This presentation is for information only and does not constitute an offer or solicitation of an offer to subscribe for, acquire, purchase, dispose of or
More information(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore)
(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore) SOILBUILD BUSINESS SPACE REIT UNAUDITED FINANCIAL STATEMENTS AND TABLE OF CONTENTS Item No.
More information(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore)
(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore) SOILBUILD BUSINESS SPACE REIT UNAUDITED FINANCIAL STATEMENTS AND TABLE OF CONTENTS Item No.
More informationFY2015 Financial Results Presentation
FY2015 Financial Results Presentation 14 January 2016 16 International Business Park 2 Content Executive Summary Financial Summary Real Estate Highlights Financial & Capital Management Highlights Appendix
More informationIntroduction to Soilbuild Business Space REIT
DBSV Thailand ETF & REITs Conference Introduction to Soilbuild Business Space REIT 25 February 2016 Agenda Overview of S-REIT 4 Market Outlook 10 About Soilbuild Business Space REIT 16 Key Competitive
More informationFY2012 Financial Results Presentation
FY2012 Financial Results Presentation 21 January 2013 Knowing. Believing. Delivering ARA-CWT Trust Management (Cache) Limited Agenda Overview & FY12 Key Highlights 4QFY12 & FY12 Full Year Financial Performance
More information3Q2016 Financial Results Presentation 26 October Pioneer Crescent
3Q2016 Financial Results Presentation 26 October 2016 25 Pioneer Crescent Content Executive Summary Real Estate Highlights Financial & Capital Management Highlights Appendix 2 3Q2016 Executive Summary
More informationSGX-REITAS Education Series
SGX-REITAS Education Series 23 February 2016 16 International Business Park 2 Executive Summary Singapore Industrial Real Estate Sector Overview Role of Regulators in the Industrial Sector Overview of
More informationSoilbuild REIT s 4QFY2018 DPU grew 16.5% q-o-q and 4.9% y-o-y to cents
Soilbuild REIT s 4Q DPU grew 16.5% q-o-q and 4.9% y-o-y to 1.451 cents Summary of Financial Results: 4Q 4Q FY2017 3Q YTD YTD FY2017 Gross revenue Net property income Income attributable to perpetual securities
More informationPROPOSED ACQUISITION OF 72 LOYANG WAY, SINGAPORE
(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore) PROPOSED ACQUISITION OF 72 LOYANG WAY, SINGAPORE 508762 1. INTRODUCTION SB REIT Management Pte.
More information(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore)
(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore) SOILBUILD BUSINESS SPACE REIT UNAUDITED FINANCIAL STATEMENTS AND TABLE OF CONTENTS Item No.
More information27 January ARA-CWT Trust Management (Cache) Limited
4Q 2010 Financial Results 27 January 2011 ARA-CWT Trust Management (Cache) Limited Agenda 4Q 2010 Financial Results Portfolio Update Going Forward 2 Highlights 4Q 2010 Results Net Property Income of S$14.4m
More informationInvestor Presentation August 2017
Investor Presentation August 2017 Important Notice This presentation shall be read in conjunction with Mapletree Industrial Trust s ( MIT ) financial results for First Quarter Financial Year 2017/2018
More information3Q 2012 Presentation Slides. 1 Nov 2012
3Q 2012 Presentation Slides 1 Nov 2012 2 Important Notice This material shall be read in conjunction with CIT s financial statements for the financial period ended 30 Sep 2012. The value of units in CIT
More informationCLSA Asean Forum Bangkok, March International Business Park
CLSA Asean Forum Bangkok, March 2016 16 International Business Park 2 Content Overview of CIT CIT FY2015 Financial Results Overview Financial & Capital Management Highlights Real Estate Highlights Singapore
More informationSingapore Investor Roadshow
Singapore Investor Roadshow 11 May 2015 16 International Business Park Important Notice This material shall be read in conjunction with CIT s results announcements for the financial period ended 31 December
More informationHong Kong Non-Deal Roadshow Hong Kong, 4 March International Business Park
Hong Kong Non-Deal Roadshow Hong Kong, 4 March 2016 16 International Business Park 2 Content CIT FY2015 Results Executive Summary Financial Summary Real Estate Highlights Financial & Capital Management
More informationViva Industrial Trust 4Q2017 & FY2017 Results Presentation. 26 January 2018
Viva Industrial Trust 4Q2017 & FY2017 Results Presentation 26 January 2018 1 Important Notice This presentation is for information purposes only and does not constitute or form part of an offer, invitation
More information2Q2014 Financial Results 24 July Creating Value & Delivering Growth
2Q2014 Financial Results 24 July 2014 1 Creating Value & Delivering Growth Important Notice This material shall be read in conjunction with CIT s financial statements for the financial period ended 30
More information26 April ARA-CWT Trust Management (Cache) Limited
1Q 2011 Financial Results 26 April 2011 ARA-CWT Trust Management (Cache) Limited Agenda 1Q 2011 Financial i Results Portfolio Update Going Forward 2 Highlights 1Q 2011 Results Property Income slightly
More informationSabana Shari ah Compliant Industrial REIT 3Q 2018 Financial Results Presentation. 26 October 2018
Sabana Shari ah Compliant Industrial REIT 3Q 2018 Financial Results Presentation 26 October 2018 Important Notice Disclaimer This presentation shall be read in conjunction with the financial information
More informationFinancial Results for 4 th Quarter 2017 and Year Ended 31 December 2017
Financial Results for 4 th Quarter 2017 and Year Ended 31 December 2017 31 January 2018 Important Notice This presentation shall be read in conjunction with OUE Commercial REIT s Financial Results announcement
More informationCiti ASEAN Conference 12 June Tai Seng Street
Citi ASEAN Conference 12 June 2014 1 16 Tai Seng Street Important Notice This material shall be read in conjunction with CIT s financial statements for the financial period ended 31 Mar 2014. The value
More informationFY2014 Financial Results Presentation
FY2014 Financial Results Presentation 16 January 2015 16 International Business Park Important Notice This material shall be read in conjunction with CIT s results announcements for the financial period
More informationCambridge Industrial Trust Financial results for the first quarter ended 31 March April
1 Cambridge Industrial Trust Financial results for the first quarter ended 31 March 2010 21 April 2010 www.cambridgeindustrialtrust.com important notice 2 The value of units in CIT ( Units ) and the income
More informationViva Industrial Trust
Viva Industrial Trust Financial Results for the Period from 4 November 2013 to 31 December 2013 25 February 2014 Important Notice This presentation is for information purposes only and does not constitute
More informationInvestor Presentation March 2016
Investor Presentation March 2016 Important Notice This presentation shall be read in conjunction with Mapletree Industrial Trust s ( MIT ) financial results for Third Quarter Financial Year 2015/2016 in
More informationInvestor Presentation November 2015
Investor Presentation November 2015 Important Notice This presentation shall be read in conjunction with Mapletree Industrial Trust s ( MIT ) financial results for Second Quarter Financial Year 2015/2016
More information1Q FY2009/10 Financial Results Presentation 17 July 2009
1Q FY2009/10 Financial Results Presentation 17 July 2009 Disclaimers This Presentation is focused on comparing results for the three months ended 30 June 2009 versus actual results year-on-year ( yoy ).
More informationSABANA SHARI AH COMPLIANT INDUSTRIAL REIT
SABANA SHARI AH COMPLIANT INDUSTRIAL REIT 1Q 2015: First Quarter Ended 31 March 2015 Financial Results Presentation 20 April 2015 Important Notice Disclaimer This presentation shall be read in conjunction
More informationViva Industrial Trust 2Q2018 Results Presentation. 13 August 2018
Viva Industrial Trust 2Q2018 Results Presentation 13 August 2018 1 Important Notice This presentation is for information purposes only and does not constitute or form part of an offer, invitation or solicitation
More informationMacquarie ASEAN Conference. 26 Aug 2014
Macquarie ASEAN Conference 26 Aug 2014 Important Notice Standard Chartered Securities (Singapore) Pte. Limited, CIMB Bank Berhad, Singapore Branch and Oversea-Chinese Banking Corporation Limited were the
More informationMapletree Commercial Trust
Mapletree Commercial Trust 3Q FY17/18 Financial Results 24 January 2018 1 Important Notice This presentation is for information only and does not constitute an offer or solicitation of an offer to sell
More informationMapletree Commercial Trust Results Announcement. For the period 27 April 2011 to 30 June 2011
Mapletree Commercial Trust Results Announcement For the period 27 April 2011 to 30 June 2011 Disclaimer This presentation is for information only and does not constitute an invitation or offer to acquire,
More informationInvestor Presentation
Investor Presentation 15 September 2011 Knowing. Believing. Delivering ARA-CWT Trust Management (Cache) Limited Agenda REIT Overview Management Strategy 2Q 2011 Financial Results Portfolio Update Going
More informationSGX-DBSV-REITAS CORPORATE DAY. 7 th Sept 2018
SGX-DBSV-REITAS CORPORATE DAY 7 th Sept 2018 Disclaimer This presentation should be read in conjunction with the financial statements of Soilbuild Business Space REIT for the second quarter from 1 April
More informationNotice of Annual General Meeting
7 th Annual General Meeting 18 July 2017 Important Notice This presentation shall be read in conjunction with Mapletree Industrial Trust s ( MIT ) financial statements for the financial year ended 31 March
More informationInvestor Presentation for Citi ASEAN Investor Conference. 12 June 2014
Investor Presentation for Citi ASEAN Investor Conference 2 June 204 Important Notice Standard Chartered Securities (Singapore) Pte. Limited, CIMB Bank Berhad, Singapore Branch and Oversea-Chinese Banking
More informationIntroduction to Cache Logistics Trust
Introduction to Cache Logistics Trust 30 May 2013 Tampines Regional Library Knowing. Believing. Delivering ARA-CWT Trust Management (Cache) Limited Agenda About Cache Logistics Trust 1QFY2013 Financial
More informationOSK DMG ASEAN & Hong Kong Corporate Day June 2012
OSK DMG ASEAN & Hong Kong Corporate Day 26-28 June 2012 2 Important Notice This material shall be read in conjunction with CIT s financial statements for the financial period ended 31 March 2012. The value
More informationCache Logistics Trust 2011 Annual General Meeting
Cache Logistics Trust 2011 Annual General Meeting 18 April 2012 Knowing. Believing. Delivering ARA-CWT Trust Management (Cache) Limited Agenda REIT Overview FY2011 Performance Portfolio Going Forward 2
More informationFY2018 Results Presentation. 22 Jan 2019
FY2018 Results Presentation 22 Jan 2019 Disclaimer This presentation may contain forward-looking statements that involve assumptions, risks and uncertainties. Actual future performance, outcomes and results
More informationSABANA SHARI AH COMPLIANT INDUSTRIAL REIT
SABANA SHARI AH COMPLIANT INDUSTRIAL REIT 3Q 2017: Third Quarter Ended 30 September 2017 Financial Results Presentation 23 October 2017 Important Notice Disclaimer This presentation shall be read in conjunction
More informationMapletree Commercial Trust
Mapletree Commercial Trust 1Q FY18/19 Financial Results 26 July 2018 1 Important Notice This presentation is for information only and does not constitute an offer or solicitation of an offer to sell or
More informationCambridge Industrial Trust Presentation on 3Q2007 Results. 30 Oct 2007
Cambridge Industrial Trust Presentation on 3Q2007 Results 30 Oct 2007 References in this presentation Unless otherwise stated, all capitalised terms used shall have the same meaning as in the prospectus
More informationMapletree Industrial Trust Achieves Distribution Per Unit of 2.05 Cents for 2QFY2011 at 10.8% above Forecast 1
PRESS RELEASE Mapletree Industrial Trust Achieves Distribution Per Unit of 2.05 Cents for 2QFY2011 at 10.8% above Forecast 1 Distribution per Unit ( DPU ) of 2.05 cents, higher than IPO Forecast ( Forecast
More information1Q FY2013 Financial Results Presentation
1Q FY2013 Financial Results Presentation 24 April 2013 Knowing. Believing. Delivering ARA-CWT Trust Management (Cache) Limited Agenda Key Highlights Financial Performance Capital Management Asset Management
More informationMapletree Commercial Trust
Mapletree Commercial Trust 1Q FY17/18 Financial Results 27 July 2017 1 Important Notice This presentation is for information only and does not constitute an offer or solicitation of an offer to sell or
More informationFinancial Results for the Quarter / Year Ended 31 Mar April 2012
Financial Results for the Quarter / Year Ended 31 Mar 2012 19 April 2012 Disclaimer This Presentation is focused on comparing results for the three months ended 31 Mar 2012 versus results achieved in the
More informationCache Logistics Trust launches IPO
ARA-CWT Trust Management (Cache) Limited (as manager of Cache Logistics Trust) 6 Temasek Boulevard #16-02 Suntec Tower Four Singapore 038986 Tel: (65) 6835 9232 Fax: (65) 6835 9672 www.cache-reit.com PRESS
More informationFinancial Results for 3 rd Quarter November 2017
Financial Results for 3 rd Quarter 2017 2 November 2017 Important Notice This presentation shall be read in conjunction with OUE Commercial REIT s Financial Results announcement for 3Q 2017 dated 2 November
More informationMapletree Commercial Trust
Mapletree Commercial Trust 2Q & 1H FY18/19 Financial Results 24 October 2018 0 Important Notice This presentation is for information only and does not constitute an offer or solicitation of an offer to
More informationAIMS AMP CAPITAL INDUSTRIAL REIT
AIMS AMP CAPITAL INDUSTRIAL REIT FY2016: First Quarter Financial Results Ended 30 June 2015 Results Presentation 29 July 2015 Important notice Disclaimer This Presentation is focused on comparing actual
More informationInvestor Presentation. May 2013
Investor Presentation May 2013 DISCLAIMER This presentation is for information only and does not constitute an offer or solicitation of an offer to subscribe for, acquire, purchase, dispose of or sell
More informationAIMS AMP CAPITAL INDUSTRIAL REIT
AIMS AMP CAPITAL INDUSTRIAL REIT FY2014: Third Quarter ended 31 December 2013 Results Presentation 29 January 2014 Important notice Disclaimer This Presentation is focused on comparing actual results for
More informationSABANA SHARI AH COMPLIANT INDUSTRIAL REIT
SABANA SHARI AH COMPLIANT INDUSTRIAL REIT 3Q 2016: Third Quarter Ended 30 September 2016 Financial Results Presentation 17 October 2016 Important Notice Disclaimer This presentation shall be read in conjunction
More informationAIMS AMP CAPITAL INDUSTRIAL REIT
AIMS AMP CAPITAL INDUSTRIAL REIT FY2013: 2 nd Quarter Ended 30 September 2012 Results Presentation 24 October 2012 Important Notice Disclaimer This Presentation is focused on comparing actual results for
More informationFinancial Results for 4 th Quarter and Year Ended 31 December January 2019
Financial Results for 4 th Quarter and Year Ended 31 December 2018 30 January 2019 Important Notice This presentation should be read in conjunction with the announcements released by OUE Commercial REIT
More informationSGX REIT & BT SEMINAR Tokyo, 30 June Pioneer Crescent
SGX REIT & BT SEMINAR Tokyo, 30 June 3016 25 Pioneer Crescent Singapore Industrial REITs (S-REITs) 3 Key Features Bond-like listed security ( Dividend Play ) that provides steady income distribution stream
More informationAIMS AMP CAPITAL INDUSTRIAL REIT
AIMS AMP CAPITAL INDUSTRIAL REIT FY2016: Second Quarter Financial Results Ended 30 September 2015 Results Presentation 29 October 2015 Important notice Disclaimer This Presentation is focused on comparing
More informationAIMS AMP CAPITAL INDUSTRIAL REIT
AIMS AMP CAPITAL INDUSTRIAL REIT 3 rd Quarter Ended 31 December 2011 Results Presentation 20 January 2012 Important Notice Disclaimer This Presentation is focused on comparing actual results for the financial
More informationFINANCIAL RESULTS For First Quarter ended 31 March 2015
FINANCIAL RESULTS For First Quarter ended 31 March 2015 AGENDA Q1 Highlights Financial Performance Portfolio Performance AEI Updates Looking Ahead Unit Performance 2 Q1 HIGHLIGHTS Q1 HIGHLIGHTS FINANCIAL
More informationMapletree Commercial Trust
Mapletree Commercial Trust 3Q FY16/17 Financial Results 25 January 2017 1 Important Notice This presentation is for information only and does not constitute an offer or solicitation of an offer to sell
More informationCiti-REITAS-SGX C-Suite Singapore REITs and Sponsors Forum
Citi-REITAS-SGX C-Suite Singapore REITs and Sponsors Forum 23 August 2018 Important Notice This presentation shall be read in conjunction with OUE Commercial REIT s Financial Results announcement for 2Q
More information3Q2010 Financial Results. 20 October 2010
3Q2010 Financial Results 20 October 2010 important notice The value of units in CIT ( Units ) and the income derived from them may fall as well as rise. Units are not investments, liabilities or obligations
More informationMapletree Industrial Trust Achieves Distributable Income of S$35.8 million for 4QFY11/12
(Constituted in Republic of Singapore pursuant to a Trust Deed dated 29 January 2008 (as amended)) PRESS RELEASE Mapletree Industrial Trust Achieves Distributable Income of S$35.8 million for 4QFY11/12
More informationPresentation for REITs Symposium 2017
Presentation for REITs Symposium 2017 27 May 2017 Important Notice This presentation shall be read in conjunction with OUE Commercial REIT s Financial Results announcement for 1Q 2017 dated 5 May 2017.
More informationFinancial Results for Third Quarter ended 30 September October
Financial Results for Third Quarter ended 30 September 2009 27 October 2009 www.cambridgeindustrialtrust.com 1 Important Notice The value of units in CIT ( Units ) and the income derived from them may
More informationSGX - DBS Vickers - REITAS SREITS Corporate Day Investor Presentation
SGX - DBS Vickers - REITAS SREITS Corporate Day Investor Presentation 27 Feb 1 Mar 2018 Important Notice This presentation shall be read in conjunction with OUE Commercial REIT s Financial Results announcement
More information1Q2009 Results. 24 April 2009
Cambridge Industrial Trust 1Q2009 Results 24 April 2009 Presentation Outline 1Q09 Highlights ht 1Q09 Financial Highlights Risk Management Strategy for 2009 2 1Q09 Achievements Occupancy remains high at
More informationAIMS AMP CAPITAL INDUSTRIAL REIT
AIMS AMP CAPITAL INDUSTRIAL REIT FY2019: First Quarter Financial Results Ended 30 June 2018 Results Presentation 26 July 2018 1 Important notice Disclaimer This Presentation is focused on comparing actual
More information(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore)
(a real estate investment trust constituted on 13 December 2012 under the laws of the Republic of Singapore) SB REIT Management Pte. Ltd., as manager of Soilbuild Business Space REIT ( Soilbuild REIT,
More informationREITs Symposium May 2018
REITs Symposium 2018 19 May 2018 Important Notice This presentation shall be read in conjunction with OUE Commercial REIT s Financial Results announcement for 1Q 2018 dated 10 May 2018. This presentation
More informationCambridge Industrial Trust. 29 Jan 2008
Cambridge Industrial Trust Full Year 2007 Results 29 Jan 2008 FY2007 Results Presentation Outline FY 2007 Milestones 4Q2007 Financial Results Capital Management Strategy Acquisition Highlights Portfolio
More information6 th Annual General Meeting 24 April International Business Park
6 th Annual General Meeting 24 April 2015 16 International Business Park Important Notice This material shall be read in conjunction with CIT s results announcements for the financial period ended 31 December
More informationSabana REIT reports on-forecast Net Property Income and Distributable Income for 3Q2011
SABANA SHARI AH COMPLIANT INDUSTRIAL REAL ESTATE INVESTMENT TRUST (a real estate investment trust constituted on 29 October 2010 under the laws of the Republic of Singapore) Sabana REIT reports on-forecast
More informationAIMS AMP CAPITAL INDUSTRIAL REIT
AIMS AMP CAPITAL INDUSTRIAL REIT FY2018: Second Quarter Financial Results Ended 30 September 2017 Results Presentation 26 October 2017 1 Important notice Disclaimer This Presentation is focused on comparing
More information(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 29 January 2008 (as amended))
(Constituted in the Republic of Singapore pursuant to a Trust Deed dated 29 January 2008 (as amended)) MAPLETREE INDUSTRIAL TRUST FINANCIAL STATEMENT AND DISTRIBUTION TABLE OF CONTENTS Item No. Description
More informationTable of Contents. Item No. Description Page
Unaudited Financial Statements Announcement for the Fourth Quarter 2014 and the Financial Period from 10 October 2013 (Date of Constitution) to 31 December 2014 Table of Contents Item No. Description Page
More informationInvestor Presentation for Tokyo Non-Deal Roadshow. 25 August 2016
Investor Presentation for Tokyo Non-Deal Roadshow 25 August 2016 Important Notice This presentation shall be read in conjunction with OUE Commercial REIT s Financial Results announcement for 1Q 2016 dated
More informationFinancial Results for 3 rd Quarter 2016
Financial Results for 3 rd Quarter 2016 1 November 2016 Important Notice This presentation shall be read in conjunction with OUE Commercial REIT s Financial Results announcement for 3Q 2016 dated 1 November
More informationEC WORLD REIT Reports 2.6% Higher DPU for FY2018; Proposes Entry into New Master Lease Agreements to Significantly Lengthen Lease Expiry Profile
NEWS RELEASE EC WORLD REIT Reports 2.6% Higher DPU for FY2018; Proposes Entry into New Master Lease Agreements to Significantly Lengthen Lease Expiry Profile 2.6% year-on-year ( y-o-y ) increase in DPU
More informationUnless otherwise stated, all capitalized terms used in this announcement shall have the same meaning as in the Prospectus.
Cache Logistics Trust Unaudited Financial Statements & Distribution Announcement for the period from 11 February 2010 (date of constitution) to 31 December 2010 INTRODUCTION Cache Logistics Trust ( Cache
More information2Q FY18 Financial Results 6 April 2018
2Q FY18 Financial Results 6 April 2018 Disclaimer This presentation is for information only and does not constitute an invitation or offer to a c q u i r e, p u r c h a s e or s u b s c r i b e f o r u
More informationCIT reports steady 2Q2015 results and improved capital structure
(Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2006 (as amended)) Press Release CIT reports steady 2Q2015 results and improved capital structure Net property income increased
More informationInvestor Presentation. March 2011
Investor Presentation March 2011 Mapletree Industrial Trust ( MIT ) Overview of Mapletree Industrial Trust Portfolio Highlights Robust, Resilient, Relevant & Reputable Financial Highlights First Financial
More informationAIMS AMP CAPITAL INDUSTRIAL REIT
AIMS AMP CAPITAL INDUSTRIAL REIT FY2018: Fourth Quarter Financial Results Ended 31 March 2018 Results Presentation 25 April 2018 1 Important notice Disclaimer This Presentation is focused on comparing
More informationViva Industrial Trust 3Q2014 Financial Results. 21 October 2014
Viva Industrial Trust 3Q2014 Financial Results 21 October 2014 Important Notice This presentation is for information purposes only and does not constitute or form part of an offer, invitation or solicitation
More informationBalance Sheet Positioned for Future Growth with No Major Refinancing Due Until 2016
(Constituted in the Republic of Singapore pursuant to a trust deed dated 31 March 2006 (as amended)) Press Release Balance Sheet Positioned for Future Growth with No Major Refinancing Due Until 2016 Refinanced
More informationFinancial Results for the Quarter Ended 31 Dec January 2012
Financial Results for the Quarter Ended 31 Dec 2011 19 January 2012 Disclaimer This Presentation is focused on comparing results for the three months ended 31 Dec 2011 versus results achieved in the three
More informationSABANA SHARI AH COMPLIANT INDUSTRIAL REIT
SABANA SHARI AH COMPLIANT INDUSTRIAL REIT 1Q 2017: First Quarter Ended 31 March 2017 Financial Results Presentation 9 May 2017 Important Notice Disclaimer This presentation shall be read in conjunction
More informationAcquisition of 7000 AMK and the Proposed Equity Fund Raising. 14 December 2017
Acquisition of 7000 AMK and the Proposed Equity Fund Raising 14 December 2017 Contents A Overview B Benefits of the Acquisition C Funding Structure and Financial Impact D Recent Developments E Conclusion
More informationSPH REIT s 4Q FY14 Distribution of 1.39 cents exceeds Forecast by 6.1%
For Immediate Release October 13, 2014 PRESS RELEASE SPH REIT s 4Q FY14 Distribution of 1.39 cents exceeds Forecast by 6.1% Paragon and The Clementi Mall achieved healthy rental reversion of 10.5% and
More informationFinancial Results Presentation 3Q2017
Financial Results Presentation 3Q2017 Contents A 3Q2017 Results B C Financial Performance Prudent Capital Management D Real Estate Highlights E Market Outlook F Appendix 2 3Q2017 Results 3Q2017 At A Glance
More informationCache Logistics Trust 2015 First Quarter Unaudited Financial Statements & Distribution Announcement
Cache Logistics Trust 2015 First Quarter Unaudited Financial Statements & Distribution Announcement INTRODUCTION Cache Logistics Trust ( Cache ) is a Singapore-based real estate investment trust constituted
More informationCache Logistics Trust 2013 Second Quarter and Half Year Unaudited Financial Statements & Distribution Announcement
Cache Logistics Trust 2013 Second Quarter and Half Year Unaudited Financial Statements & Distribution Announcement INTRODUCTION Cache Logistics Trust ( Cache ) is a Singapore-based real estate investment
More informationOUE C-REIT s FY2015 Distribution 22.2% Higher YoY, 4Q 2015 DPU Exceeded Circular Forecast by 20.4%
PRESS RELEASE For Immediate Release OUE C-REIT s FY2015 Distribution 22.2% Higher YoY, 4Q 2015 DPU Exceeded Circular Forecast by 20.4% Key Highlights: 4Q 2015 distribution per unit ( DPU ) exceeded Circular
More informationAIMS AMP CAPITAL INDUSTRIAL REIT
AIMS AMP CAPITAL INDUSTRIAL REIT FY2018: First Quarter Financial Results Ended 30 June 2017 Results Presentation 27 July 2017 1 Important notice Disclaimer This Presentation is focused on comparing actual
More information