Financial and business updates

3Q21

3Q FY21 Business Updates

22 Jul 2021 | PDF (2953 KB)

3Q FY2021 Presentation audio cast with synchronised slides

23 Jul 2021 | Duration (1:04:02 mins)

1Q21

1Q FY21 Business Updates

21 Jan 2021 | PDF (2887 KB)

3Q20

3Q FY20 Business Updates

23 Jul 2020 | PDF (6373 KB)

Five year summary

  2015
S$’000
2016
S$’000
2017
S$’000
2018
S$’000
2019
S$’000
Gross Revenue 189,242 183,816 181,595 193,347 196,386
Net Property Income 131,043 129,852 129,558 137,186 139,283
Distributable Income 106,412 108,101 110,615 111,316 118,718
Total Assets 2,548.7 2,548.7 2,750.9 2,840.4 3,610.9
Total Borrowings 718.0 734.0 798.0 813.0 1,042.0
Net Assets 1,754.5 1,775.6 1,872.2 1,933.8 2,471.0
Value of Portfolio Properties1 2,464.0 2,509.0 2,668.1 2,749.0 2,846.0
Distribution per Unit (cents) 11.608 11.764 11.90 12.015 12.070
Net Asset Value per Unit ($)2 1.91 1.93 2.02 2.08 2.21
Ratio of Total Borrowings to Total Assets (Gearing) 28.2% 28.3% 29.0% 28.6% 32.9%3
Interest Coverage (Times) 6.61 7.33 6.85 6.25 5.74
Market Capitalisation (S$ million) 1,746.6 2,021.2 1,946.4 2,102.9 3,058.64
  1. The investment properties are: Causeway Point, Northpoint City North Wing (including Yishun 10 retail podium), Anchorpoint, YewTee Point, Bedok Point and Changi City Point. The 40%-interest in Waterway Point is held as investment in joint venture.
  2. Included the distribution to be paid for the last quarter of the Financial Year
  3. In accordance with the Property Funds Appendix, the gearing ratio includes FCT's proportionate share (40%) of deposited property value and assets and underlying borrowings (40%) in Sapphire Star Trust (which owns holds the retail property Waterway Point).
  4. Based on total outstanding 1,116,284,043 issued units and FCT's closing price of S$2.74 as at 30 September 2019.