ESR-REIT Annual Report 2024 23 FY2020 FY2021 FY2022 FY2023 FY2024 For the Financial Year Gross Revenue (S$ million) 229.9 241.3 343.2 386.4 370.5 Net Property Income (S$ million) 164.2 173.3 244.2 273.2 261.7 Total Assets (S$ million) 3,187.4 3,329.8 5,654.2 5,106.3 6,007.4 Amount Available for Distribution to Unitholders (S$ million) 99.1 114.4 177.1 192.7 164.1 DPU (cents) 2.800 2.987 3.000 2.564 2.119 Net Asset Value per Unit (cents) 40.5 39.6 36.4 32.0 27.5 Financial Position Total Assets (S$ million) 3,187.4 3,329.8 5,654.2 5,106.3 6,007.4 Total Net Borrowings (S$ million) 1,178.6 1,190.9 2,076.1 1,555.9 2,254.0 Unitholders’ Funds (S$ million) 1,447.0 1,598.0 2,444.7 2,463.2 2,213.9 Key Financial Ratios Debt to Total Assets (%) 41.5 40.0 41.8 35.7 42.8 Weighted Average All-in Cost of Debt (p.a.) (%) 3.5 3.3 3.7 3.9 3.8 Interest Coverage Ratio (times)1 2.6 3.0 2.8 2.5 2.5 Capital Management Total Loan Facilities Available (S$ million) 1,305.0 1,462.4 2,413.4 1,847.1 2,505.5 Gross Borrowings (S$ million) 1,186.0 1,199.5 2,093.0 1,566.2 2,269.7 Perpetual Securities Issued (S$ million) 150.0 150.0 400.0 300.0 400.0 Units in Issue (million) 3,576.4 4,030.3 6,719.2 7,689.2 8,049.2 Market Capitalisation (S$ million)2 1,412.7 1,934.5 2,486.1 2,460.5 2,052.5 Trading Statistics for the Financial Year Opening Price (S$) 0.535 0.405 0.480 0.370 0.320 Highest Price (S$) 0.560 0.510 0.485 0.385 0.325 Lowest Price (S$) 0.240 0.375 0.320 0.250 0.250 Closing Price (S$) 0.395 0.480 0.370 0.320 0.255 Volume Weighted Average Price (S$) 0.372 0.446 0.397 0.318 0.286 Total Volume Traded (million Units) 3,588.4 2,461.1 2,543.8 2,696.1 2,916.5 Average Trading Volume per Day (million Units) 14.4 9.8 10.2 10.9 11.6 Total Return (%)3 -19.81 30.00 -16.85 -6.49 -13.69 1 Computed by dividing the trailing 12 months earnings before interest, tax, depreciation and amortisation (excluding effects of any fair value changes of derivatives and investment properties, and foreign exchange translation), by the trailing 12 months interest expense. Interest expense includes amortisation of debt-related transaction costs and distributions on perpetual securities, but excludes finance costs on lease liabilities under FRS 116. 2 Computed based on closing price and Units in issue at the end of the financial year. 3 Performance is calculated on the change in unit price over the year, based on the closing price of the last day of the preceding year and the closing price of the current year, including the assumption that distributions paid were reinvested at the closing price on the ex-distribution date.
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