FY22 Financial Highlights
FLCT's distributable income increased 4.3% Y-o-Y
Maintained high portfolio occupancy of 96.4%¹ and WALE of 4.5 years¹
Key Highlights
•
•
•
Completed 90,000 sqm of leasing in 4Q FY22, bringing
total leasing activity in FY22 to ~351,000 sqm
Committed S$293 million of capital into
value-accretive acquisitions and forward-funding
opportunities
Prudent capital management amid a volatile interest
rate environment
.
Low aggregate leverage of 27.4% as at 30 September 2022
with cost of borrowings at 1.6%
.
Healthy average weighted debt maturity of 2.7 years
•
FY22 DPU of 7.62 Singapore cents
Key Financials
Revenue
FY22
S$450.2 m
FY21
S$469.3 m
Change
4.1%
Adjusted Net Property Income²
S$342.1 m
S$355.2 m
▼ 3.7%
Distributable income
S$281.8 m
S$270.1 m
DPU (Singapore cents)
7.62
7.68
▲ 4.3%
0.8%
Leverage / Gearing
27.4%
33.7%
▼ 6.3 pp
(as at 30 Sep)
Interest Coverage Ratio³
(as at 30 Sep)
13x
7x
▲ 6x
E
21 Kangaroo Avenue, Eastern Creek, Sydney, Australia
Note: All portfolio metrics presented exclude the Port Melbourne property and all investment properties under development.
1. Based on GRI, being the contracted rental income and estimated recoverable outgoings for the month of June 2022. Excludes straight lining rental adjustments and includes committed leases. 2. Adjusted NPI is calculated based on the actual
NPI excluding straight lining adjustments for rental income and adding lease payments of right-of-use assets. 3. Calculated as trailing 12 months earnings before interest and tax (excludes any fair value changes of derivatives and investment
properties) divided by trailing 12 months interest expense. Interest expense includes interest expense on lease liabilities.
We are Frasers Property
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