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Financial Highlights

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FY2015 distribution per unit (DPU) maintained at 10.5 sen

Financial Year
Ended 31 December

RM'000 FY2015 FY2014 FY2013 FY2012 FY2011
Gross Revenue 125,511 121,991 120,235 103,232 94,881
Direct Cost & Property Expenses 49,028 48,714 46,120 39,485 36,585
Net Property Income (NPI) 76,483 73,277 74,115 63,747 58,296
Net Income* 4,759 50,387 58,766 58,470 86,651
Earnings Per Unit* 1.19 12.58 14.67 17.19** 27.08
Net Income - Realised 44,693 44,261 46,134 39,758 38,914
Net Income Per Unit - Realised (sen) 11.16 11.05 11.52 11.69** 12.16
Income Distribution 42,067 42,067 42,067 35,777 33,600
Distribution Per Unit (DPU) (sen) 10.5 10.5 10.5 10.5 10.5
Change in Unit Price (sen) 3.0 (1.0) 4.0 18.0 (3.0)
Annual Total Return per Unit (sen) 13.5 9.5 14.5 28.5 7.5
Annual Total Return per Unit (%)*** 8.9 6.4 9.7 19.5 5.7

* Including unrealised income.
** Calculated based on Weighted Average No. of Units in Circulation of 340,159,279.
***Calculated based on the Closing Price of each year.

Balance Sheet
As at 31 December

RM'000 FY2015 FY2014 FY2013 FY2012 FY2011
Total Assets 1,116,315 1,110,046 1,085,103 1,066,267 867,059
Total Liabilities 531,938 488,362 471,739 469,603 391,906
Total Borrowings 494,215 453,876 436,100 436,100 363,480
Gearing Ratio (%) 44.3 41.0 40.2 40.9 41.9
Net Assets 584,377 621,684 613,364 596,664 475,153
No. of Units in Circulation (Units) 400,634 400,634 400,634 400,634 320,001
NAV per Unit (RM) 1.46 1.55 1.53 1.49 1.48
Income Distributions
FY2015

First Interim DPU 2.60 sen
Second Interim DPU 2.60 sen
Third Interim DPU 2.60 sen
Final DPU 2.70 sen
Total DPU 10.50 sen
DPU Yield* 6.9 %

* Based on DPU of 10.50 sen and the closing unit price of RM1.52 as at 31 December 2015. Source: Bloomberg

Unit Price Statistics
FY2015

High RM1.56
Low RM1.43
Opening Price (1 January 2015) RM1.49
Closing Price (31 December 2015) RM1.52
Change In Price 2.0%
Average Total Return*

For 1 year (2015) 8.9%
For 3 years (2013-2015) 8.3%
For 5 years (2011-2015) 10.0%

* Based on the Total Return and the Closing Price as at 31 December of each year.

Total Return**

For 3 years (2013–2015) 24.7%
For 5 years (2011–2015) 48.4%

** Based on the Total Return of each year and the Closing Price as at 31 December 2015.

Debt Structure
As at 31 December 2015

Al-Murabahah / Overdraft
Fixed Term Loan, Annual Floating Rate and Fixed Term Loan, Annual Fixed Rate

Total Debt RM494 million
Weighted Cost of Debt 4.9%
Gearing Ratio1 44.3%
Interest Cover 3.03

1 Gearing ratio calculated by total long term liabilities over Gross Asset Value (GAV).

Distribution Yield
Comparative Yields*

Chart : Distribution Yield - Comparative Yields
Unit Price Performance
FY2015

Chart : Unit Price Performance
Debt Expiry Profile
As at 31 December 2015

Chart : Debt Expiry Profile