Financial Highlights
Extracted from Annual Report 2019
- Based on closing unit price of S$0.52 as at 31 December 2019.
- Based on closing unit price of S$0.58 as at 31 December 2018.
- Based on closing unit price of S$0.67 as at 31 December 2017.
- Based on closing unit price of S$0.64 as at 31 December 2016.
- Based on closing unit price of S$0.77 as at 31 December 2015.
- Includes deferred payment of S$0.2 million due to SB (Solaris) Investment Pte. Ltd and insurance guarantees of S$0.6 million issued to utility supply providers. Lease liabilities and right-of-use assets (included in investment properties and a property held for sale) are excluded from the computation of aggregate leverage.
- Post-acquisition gearing including deferred payment of S$19.3 million due to SB (Solaris) Investment Pte. Ltd and insurance guarantees of S$0.8 million issued to utility supply providers.
- Includes interest-free loan in relation to the Solaris upfront land premium.
- Refers to weighted average borrowing cost for 4Q. Weighted average borrowing cost for FY2019 and FY2018 was 3.54% p.a. and 3.38% p.a. respectively. Computation excludes interest-free loan.
- Interest coverage is computed based on full year EBITDA/net interest expense (interest expense – interest income). 4Q FY2019 interest coverage was 3.7 times.
- Sum of distributions and capital appreciation for the period over the closing unit price on the last trading day prior to the commencement of the period.
- Sum of distributions and capital appreciation for the period over the unit issue price at listing.
SOILBUILD REIT TRADING PERFORMANCE
(1 January 2019 to 31 December 2019) Notes:- Soilbuild REIT Unit Price rebased to 100% using IPO issue price of S$0.78