|For the year ended 31 December 2013|
|S$'000||FY 2013||FY 2012||Variance (%)|
|Net property income ("NPI")||80,360||76,937||4.4|
|Income available for distribution||61,755||59,395||4.0|
|Distribution per unit (DPU) (in cents)||9.38(1)||9.28||1.1|
|Distribution yield (%) (based on the last traded price of S1.075 per unit as at 21 January 2014.)||8.73%||8.63%||1.2|
|As at 31 December 2013||S$’000|
|Borrowings, at amortised costs||447,392|
|Net assets attributable to Unitholders||756,504|
|Units in issue and to be issued entitled to distribution||691,959,462|
|NAV per Unit (S$)||1.09|
|Adjusted NAV per Unit (S$)||1.07|
|As at 31 December 2013|
|Average all-in financing cost(3)||4.1%|
|Weighted average tenor of debt||2.3 years|
|Interest cover(4)||4.8 times|
(1) Based 691,959,462 Units issued and to be issued as at 31 December 2013.
(2) Ratio of total borrowings and deferred payment over deposited property as defined in the Property Funds Appendix of the Code on Collective Investment Schemes.
(3) Inclusive of amortisation of transaction costs.
(4) Ratio of Net Property Income over profit expense (excluding amortisation of transaction costs and other fees) for the period from 1 October 2013 to 31 December 2013.