Investor Relations
Investor Relations

Financial Highlights

  • Key Income Statement Items

    For the year ended 31 December 2016 2015 2014 2013 2012
    (HK$'000)
    Revenue 452,926 438,723 403,413 341,883 308,366
    Net property income 357,847 345,479 312,056 266,931 239,471
    Distributable income 258,362 254,083 231,364 209,056 186,868
    Distribution per unit (HK$) 0.1777 0.1768 0.1630 0.1495 0.1354
  • Distribution Statement

    For the year ended 31 December 2016 2015 2014 2013 2012
    (HK$'000)
    Profit for the year, before transactions with unitholders 565,244 692,591 466,493 695,729 1,074,715
    Adjustments:
    Manager's fee 52,280 50,070 46,973 41,283 36,774
    Acquisition fee - - 10,100 - -
    Change in fair value of investment properties (345,334) (515,702) (332,101) (550,591) (947,720)
    Change in fair value of derivative financial instruments (45,242) 295 6,567 - -
    Finance costs 16,997 12,700 21,222 10,126 10,153
    Deferred tax 14,417 14,129 12,110 12,509 12,946
    Distributable income 258,362 254,083 231,364 209,056 186,868
  • Key Statement of Financial Position Items

    As at 31 December 2016 2015 2014 2013 2012
    (HK$'000)
    Investment properties (1)10,777,000 10,419,000 9,890,000 8,518,000 7,952,000
    Net assets attributable to unitholders 7,515,721 7,155,735 6,668,686 6,361,402 5,819,182
    Net asset value per unit (HK$) 5.17 4.98 4.70 4.57 4.24
    Gearing ratio (%) 26.4% 27.20% 28.60% 20.90% 22.40%
  • Key Operation Data

    For the year ended 31 December 2016 2015 2014 2013 2012
    Average effective unit rent (HK$ per sq. ft.) 23.76 22.72 20.81 19.03 16.94
    Occupany rate (%) (as at 31 December) 96.1% 96.4% 97.7% 98.9% 98.5%
    Rental reversion rate (%) 10.9% 16.3% 32.1% 34.9% 36.1%
    Cost-to-revenue ratio (%) 21.0% 21.3% 22.6% 21.9% 22.3%

     

    (1)The amount includes Harbourfront Landmark property of HK$594,000,000 transferred to assets of a disposal group classified as held for sale.

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