Financial Review
1 The distributable income to Unitholders is based on 100% of the income available for distribution to Unitholders.
2 Nm - Not meaningful
Property Income
Property income for the financial year
ended 31 December 2008 (FY2008)
was $52.6 million, an increase
of $12.6 million or 31.4% over
$40.1 million for the financial year
ended 31 December 2007 (FY2007).
The increase was due mainly to higher
rental income as a result of higher
rental rates achieved for new and
renewed leases. Average gross rental
rates for the investment properties
held directly by K-REIT Asia reached
$6.08 per square foot (psf) per month
in December 2008, 30.8% higher from
$4.65 psf per month for the same
period in 2007. |
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