Financial Summary

PROFIT (HK$ MIL) 2017 2018 2019 2020 2021
Total Rental Income $2,431 $2,677 $2,778 $2,633 $2,495
Net Property Income $2,166 $2,405 $2,481 $2,347 $2,197
DISTRIBUTION (HK$) 2017 2018 2019 2020 2021
Distributable Income (mil) $1,487 $1,611 $1,648 $1,554 $1,503
Distribution Amount (mil) $1,413 $1,530 $1,566 $1,476 $1,353
Distribution per Unit $0.2424 $0.2614 $0.2662 $0.2496 $0.2275
VALUATION (HK$) 2017 2018 2019 2020 2021
Gross Value of Portfolio (mil) $76,704 $83,135 $81,178 $67,318 $65,296
Net Asset Value per Unit $10.36 $11.42 $11.04 $8.61 $8.25
FINANCIAL RATIOS 2017 2018 2019 2020 2021
Net Expense Ratio 10.9% 10.2% 10.7% 10.9% 11.9%
Payout Ratio 95.0% 95.0% 95.0% 95.0% 90.0%
Gearing Ratio 18.9% 17.6% 18.0% 23.0% 22.9%
OPERATIONAL STATISTICS 2017 2018 2019 2020 2021
Three Garden Road Office Occupancy 94.2% 99.1% 93.0% 86.8% 89.0%
Three Garden Road Office Passing Rent (HK$ psf) $92.5 $98.6 $107.8 $110.4 $108.3
Langham Place Office Occupancy 97.1% 100.0% 97.7% 88.7% 96.3%
Langham Place Office Passing Rent (HK$ psf) $40.8 $42.7 $46.5 $47.7 $47.1
Langham Place Mall Occupancy 100.0% 100.0% 100.0% 100.0% 100.0%
Langham Place Mall Passing Rent (HK$ psf) $240.0 $259.1 $209.5 $179.3 $165.9
PROFIT (HK$ MIL)
2021
2020
2019
2018
2017
Total Rental Income
$2,495
Net Property Income
$2,197
DISTRIBUTION (HK$)
2021
2020
2019
2018
2017
Distributable Income (mil)
$1,503
Distribution Amount (mil)
$1,353
Distribution per Unit
$0.2275
VALUATION (HK$)
2021
2020
2019
2018
2017
Gross Value of Portfolio (mil)
$65,296
Net Asset Value per Unit
$8.25
FINANCIAL RATIOS
2021
2020
2019
2018
2017
Net Expense Ratio
11.9%
Payout Ratio
90.0%
Gearing Ratio
22.9%
OPERATIONAL STATISTICS
2021
2020
2019
2018
2017
Three Garden Road Office Occupancy
89.0%
Three Garden Road Office Passing Rent (HK$ psf)
$108.3
Langham Place Office Occupancy
96.3%
Langham Place Office Passing Rent (HK$ psf)
$47.1
Langham Place Mall Occupancy
100.0%
Langham Place Mall Passing Rent (HK$ psf)
$165.9