GROUP For the Financial Year 2019 2020i 2021 2022 2023 Selected Statement of Total Return and Distribution Data (S$ million) Gross Rental Income 722.4 697.6 1,233.3 1,352.2 1,459.6 Car Park Income 19.8 17.7 27.7 35.4 40.9 Other Income 44.5 29.9 44.1 54.1 59.4 Gross Revenue 786.7 745.2 1,305.1 1,441.7 1,559.9 Net Property Income 558.2 512.7 951.1 1,043.3 1,115.9 Distributable income 441.6 369.4 674.7 702.4 715.7 Selected Statement of Financial Position Data (S$ million) Total Assets 11,731.7 22,416.4 22,741.9 24,666.6 24,739.1 Total Borrowingsii 3,547.0 8,632.0 8,119.0 9,457.0 9,390.5 Net Asset Value Per Unitiii (S$) 2.07 2.00 2.06 2.06 2.07 Unitholders' Funds 7,767.2 13,037.6 13,667.8 14,073.4 14,199.8 Investment Properties 10,415.8 21,366.1 21,431.1 23,744.8 24,024.9 Key Financial Indicators Earnings Per Unit (cents) 18.90 8.36 16.71 10.92 12.97 Distribution Per Unit (cents) 11.97 8.69 10.40 10.58 10.75 Management Expense Ratioiv (%) 0.7 0.6 0.7 0.7 0.7 % of Total Assets that are Unencumbered (%) 100.0 95.8 96.1 93.5 93.7 Aggregate Leverage (%) 32.9 40.6 37.2 40.4 39.9 Interest Coverage (times) 4.7 3.8 4.1 3.7 3.1 Average Term to Maturity (years) 5.0 4.1 3.9 3.9 3.9 Average Cost of Debt (%) 3.2 2.8 2.3 2.7 3.4 i On 21 October 2020, CMT and CCT were merged by way of a trust scheme of arrangement with the merged entity renamed CICT on 3 November 2020. ii In respect of the foreign currency denominated notes which have been swapped into Singapore dollars, the outstanding amounts reflect the nominal amounts of the swapped contracts based on their respective swap rates. iii Excludes the distribution to be paid for the last quarter or last half year (as the case may be) of the respective financial years except for 2020 and 2021 which exclude the distribution for the period from 21 October 2020 to 31 December 2020 and 16 December 2021 to 31 December 2021 respectively. iv Refers to the expenses excluding property expenses and finance costs but including performance component of management fees, expressed as a percentage of weighted average net assets. ANNUAL REPORT 2023 23 Overview Leadership Performance Framework Other Information
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