Investor Presentaiton
11
ā 4Q 2017 distributable income rose 6.0% YoY
Change
Remarks
4Q 2017
4Q 2016
(%)
Gross Revenue (S$ million)
86.3
89.7
(3.8)
Property Operating Expenses (S$ million)
(18.3)
(19.0)
(3.3)
Please see note (1)
Net Property Income (S$ million)
68.0
70.8
(4.0)
Distributable Income (S$ million)
75.0
70.8
6.0
Please see note (2)
DPU (cents)
2.08
2.39
(13.0)
Please see note (3)
For Information Only
2.08
1.96
6.1
Please see note (4)
Adjusted DPU (cents)
Notes:
(1) Lower revenue due to divestments of One George Street (50.0% interest) in June 2017, Golden Shoe Car Park in July 2017 and
Wilkie Edge in September 2017 but mitigated by higher gross revenue from CapitaGreen and contribution from newly
acquired Asia Square Tower 2 (AST2) held under Asia Square Tower 2 Pte. Ltd. (AST2 Co). Lower revenue led to lower net
property income.
(2) To note that AST2 Co did not pay any dividend this quarter. The higher distributable income is from MSO Trust which holds
CapitaGreen, RCS Trust which holds Raffles City Singapore, a top-up of S$1.1 million for the loss of distributable income arising
from the divestments of One George Street (50.0% interest) and Wilkie Edge, as well as tax-exempt distribution of S$8.0 million.
(3) DPU computed based on total number of units outstanding as at end of respective periods (4Q 2017: 3,608.1 million; 4Q 2016:
2,963.5 million).
(4) 4Q 2016 DPU adjusted for the enlarged 3,608.1 million units arising from new units issued for the equity raised, conversion of
convertible bonds and issuance of units for management fees in FY 2017.
CapitaLand Commercial Trust Presentation February 2018
Cap/taLand
Commercial TrustView entire presentation