That's for Period of Jul, Aug and Sept. Ascendas Portfolio below. Well diversified. Currently I am tracking around 5.0% yield.
Completed development of Grab HQ : S$184.6M
Handover 7/30. This improves SG occupancy. 11 years rental lease. NPI Yield 6%.
Divest 2 Australia Properties : S$104.5M
This are freehold warehouses. After fees and rate, there are not significant from acquisition price. difference to mention. The smaller one only has 61.7% occupancy while the other 100%.
Leverage : 37.4%, Occupancy : 91.7%, Rental Reversion : 3.7%
Sept'21 Mandated 2 weeks rental support for SME and specific NPOs. This can be offset from May/Jun relief. Furthermore can enjoy land tax relief.
DPU likely intact and better in next reporting. No DPU in this quarter update due to half yearly reporting. As Ascendas is already a key part of the portfolio, will continue to maintain position. The business is as hard as rock. The compensation reasonable for such steady business.