Financial Summary

PROFIT (HK$ MIL) 2016 2017 2018 2019 2020
Total Rental Income $2,299 $2,431 $2,677 $2,778 $2,633
Net Property Income $2,027 $2,166 $2,405 $2,481 $2,347
DISTRIBUTION (HK$) 2016 2017 2018 2019 2020
Distributable Income (mil) $1,408 $1,487 $1,611 $1,648 $1,554
Distribution Amount (mil) $1,331 $1,413 $1,530 $1,566 $1,476
Distribution per Unit $0.2292 $0.2424 $0.2614 $0.2662 $0.2500
VALUATION (HK$) 2016 2017 2018 2019 2020
Gross Value of Portfolio (mil) $66,842 $76,704 $83,135 $81,178 $67,318
Net Asset Value per Unit $8.72 $10.36 $11.42 $11.04 $8.61
FINANCIAL RATIOS 2016 2017 2018 2019 2020
Net Expense Ratio 11.8% 10.9% 10.2% 10.7% 10.9%
Payout Ratio 94.5% 95.0% 95.0% 95.0% 95.0%
Gearing Ratio 21.7% 18.9% 17.6% 18.0% 23.0%
OPERATIONAL STATISTICS 2016 2017 2018 2019 2020
Three Garden Road Office Occupancy 95.9% 94.2% 99.1% 93.0% 86.8%
Three Garden Road Office Passing Rent (HK$ psf) $78.2 $92.5 $98.6 $107.8 $110.4
Langham Place Office Occupancy 100.0% 97.1% 100.0% 97.7% 88.7%
Langham Place Office Passing Rent (HK$ psf) $39.7 $40.8 $42.7 $46.5 $47.7
Langham Place Mall Occupancy 100.0% 100.0% 100.0% 100.0% 100.0%
Langham Place Mall Passing Rent (HK$ psf) $228.4 $240.0 $259.1 $209.5 $179.3
PROFIT (HK$ MIL)
2020
2019
2018
2017
2016
Total Rental Income
$2,633
Net Property Income
$2,347
DISTRIBUTION (HK$)
2020
2019
2018
2017
2016
Distributable Income (mil)
$1,554
Distribution Amount (mil)
$1,476
Distribution per Unit
$0.2500
VALUATION (HK$)
2020
2019
2018
2017
2016
Gross Value of Portfolio (mil)
$67,318
Net Asset Value per Unit
$8.61
FINANCIAL RATIOS
2020
2019
2018
2017
2016
Net Expense Ratio
10.9%
Payout Ratio
95.0%
Gearing Ratio
23.0%
OPERATIONAL STATISTICS
2020
2019
2018
2017
2016
Three Garden Road Office Occupancy
86.8%
Three Garden Road Office Passing Rent (HK$ psf)
$110.4
Langham Place Office Occupancy
88.7%
Langham Place Office Passing Rent (HK$ psf)
$47.7
Langham Place Mall Occupancy
100.0%
Langham Place Mall Passing Rent (HK$ psf)
$179.3