Investor Presentaiton
Maintaining healthy financial position
Daiwa HouseⓇ
As at
31 Dec 2022
As at
31 Dec 2023
Total Assets (S$ million)
1,177.0
1,101.7
Total Liabilities (S$ million)
588.0
548.3
Net Assets Attributable to Unitholders (S$ million) (1)
553.2
517.7
NAV per Unit attributable to Unitholders (S$)(1)
0.80
0.74
Aggregate Leverage (2)
35.9
35.2(4)
JPY depreciated against S$ by approximately 7.6% compared to a year ago, and the decline in net asset value
("NAV") was mainly due to weaker JPY against S$
(1) Excluding perpetual securities.
(2) Computed based on total borrowings (excluding lease liabilities arising from land rent) divided by total assets (excluding right of use assets,
asset retirement obligation assets and the amount of restricted cash equivalent to security deposits payable by end-tenants).
(3) The exchange rates as at 31 December 2022 and 31 December 2023 were S$1.00 = JPY99.02 and S$1.00 = JPY107.11, respectively.
(4) Total debt (including perpetual securities) to net asset value ratio as at 31 December 2023 was 63.8%.
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