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Financial Highlights

Portfolio 3Q 20172 3Q 20161,2 Change (%)
RMB'000
Gross revenue
80,656
75,661
6.6
Net property income
51,622
46,955
9.9
SGD'000
Gross revenue
16,462
15,383
7.0
Net property income
10,536
9,538
10.5
Amount available for distribution
5,148
4,521
13.9
Distribution per Unit (DPU) (cents) 1.41 1.29
9.3

  1. The comparative figures were for the quarter from 1 July 2016 to 30 September 2016. These figures were extracted from BHG Retail REIT's results for the third quarter ended 30 September 2016.
  2. The actual results of the Group's foreign subsidiaries were translated using the average SGD:CNY rate of 1:4.900 and 1:4.929 for 3Q 2017 and 3Q 2016, respectively.

 

Portfolio 9M 20172 9M 20161,2 Change (%)
RMB'000
Gross revenue
234,155
224,166
4.53
Net property income
155,773
143,567
8.53,4
SGD'000
Gross revenue
47,812
46,794
2.23,5
Net property income
31,807
29,986
6.13,4,5
Amount available for distribution
15,122
13,975
8.2
Distribution per Unit (DPU) (cents) 4.15 4.01
3.5

  1. The comparative figures were for the half year from 1 January 2016 to 30 September 2016. These figures were extracted from BHG Retail REIT's results for the half year ended 30 September 2016.
  2. The actual results of the Group's foreign subsidiaries were translated using the average SGD:CNY rate of 1:4.897 and 1:4.776 for 9M 2017 and 9M 2016, respectively.
  3. Prior to 1 May 2016, Business Tax was reflected under property operating expenses. With effect from 1 May 2016, Value Added Tax ("VAT") replaced Business Tax in China and it is net off the revenue instead of reflecting in the property operating expenses.
  4. With effect from 1 July 2016, the Beijing State Government aligned its tax policy with the national practice of charging Property Tax based on rental income. This resulted in higher property-related tax expenses for Beijing Wanliu Mall. The change in Beijing's Property Tax is in-line with current property tax for the other 4 properties in the portfolio.
  5. Weaker RMB against SGD.

 

Selected Statement Of Financial Position

As at 30 September 2017

  S$'000
Total assets 871,929
Total liabilities 298,310
Net assets attributable to Unitholders 412,564

Key Financial Indicators

As at 30 September 2017

Annualised distribution yield1 (%) 7.45
Net asset value per unit (cents) 0.83
Gearing ratio2 (%) 32.5
Average cost of debt (%) 3.66
Weighted average term to maturity for debt (years) 1.3


  1. Based on closing price of S$0.745 as at 30 September 2017 and annualised 9M 2017 Distribution per Unit.
  2. Based on total loans and borrowings principal attributable to Unitholders divided by total assets attributable to Unitholders.