Property Income $40.5m
NPI $32.4m
Shr of Associates $18.8m
Shr of JV $6.8m
Income Available for Dist $54.4m
DPU 1.68 cents
NAV $1.42
Gearing 39%
Interest Coverage Ratio 4.5
All-in Interest rate 2.58%
Top Ten Tenants WALE 8 years
Portfolio WALE 6 years
The office rental sector is facing strong headwind currently but Kreit is buffeted by long WALE overall. After Marina One, DUO and Fraser Tower coming up in 2017 and 2018 respectively,there will no more new supply for prime district area.So hang on, light is at the end of the tunnel.
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