Fundamental Profile & Key Statistics
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Efficiency Spotlight
Gross income, NPI, the quantity accessible for distribution and DPU declined YoY primarily as a consequence of lowered revenue from the divestment of Mapletree Anson in July, greater 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 optimistic rental reversions. All different areas skilled damaging reversion.
Shopper Site visitors & Tenant Gross sales
At VivoCity, each shopper visitors and tenant gross sales have declined YoY as a consequence of short-term disruptions from the AEI. At Competition Stroll, tenant gross sales decreased YoY, though there was a slight enhance in shopper visitors.
Mapletree Anson was divested on 31 July. Proceeds had been directed towards debt compensation to cut back gearing.
Asset Enhancement Initiative
VivoCity’s AEI is underway, focusing on completion by the top of 2025. Part 1 will add three meals kiosks, and Part 2 will convert parking
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