Financial Highlights

Distributable Income
  Period of 9 November 2017 to 31 March 2018  
 (US$'000) Actual IPO Forecast1  +/- (%)
Gross Revenue 36,102 35,519 1.6
Property Expenses (13,774) (14,298) (3.7)
Net Property Income 22,328 21,221 5.2
Income available for distribution to Unitholders2 14,616 14,607 0.1
Available DPU for the period (US cents) 2.32 2.31 0.4
Annualised available for distribution yield3 (%)  6.73 6.70 3 bps

 

 

Balance Sheet Highlights
 (US$'000) As at
31 Mar 2018
Total Assets 861,051
Gross Borrowings 286,931
Total Liabilities 308,768
Unitholders' Funds 552,283
Net Asset Value per Unit (US$) 0.88

 

Financial Ratios
  As at
31 Mar 2018
Aggregate Leverage4 (%) 33.6
Interest Coverage Ratio (times) 6.1
Average Cost of Debt (% p.a.) 3.4

 

Notes:

(1) There was no forecast figure for the period from 9 November 2017 (Listing Date) to 31 December 2017. Forecast results for the period from Listing Date to 31 March 2018 comprise actual figures from Listing Date to 31 December 2017 and one quarter of 2018 forecast. The forecast figures were derived from the Forecast Year 2018 as disclosed in the Prospectus.

(2) The income available for distribution to Unitholders is based on 100% of the taxable income available for distribution to Unitholders. Distributions for Keppel-KBS US REIT are declared on a half-yearly basis. As such, no distribution has been declared for the financial period from the Listing Date to 1 March 2018. The first distribution for Keppel-KBS US REIT will be for the period from the Listing Date to 30 June 2018.
(3) Based on the Listing Date and 1Q 2018 closing price per Unit of US$0.88 respectively.

(4) Calculated as the total borrowings and deferred payments (if any) as a percentage of the total assets.