Interest-cost Reduction Supporting DistributionsEasing interest-cost pressures from expiring swap contracts and reduced borrowings is expected to support distributions and generate net income uplift from interest savings.
Portfolio Optimisation And DeleveragingPlanned divestment of lower-performing assets aligns with portfolio optimisation and would reduce aggregate leverage to around 36.5%, with sale proceeds used to pare down debt and enhance financial flexibility.
Singapore Portfolio PerformanceStrong performance at Singapore assets, led by VivoCity and the core office portfolio, is anchoring overall returns and supporting higher rental income and tenant retention.