Financial Highlights
Information updated based on latest annual report
| For the Financial Year | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Gross Revenue (S$ million) | 369.9 | 514.9 | 514.3 | 496.3 | 475.6 |
| Gross Profit (S$ million) | 149.6 | 252.6 | 239.4 | 226.9 | 222.4 |
| Income Available for Distribution to Stapled Securityholders (S$ million) |
94.2 | 165.6 | 154.8 | 152.2 | 135.0 |
| Distribution Per Stapled Security (DPS) (cents) | 3.03 | 7.61 | 7.16 | 7.09 | 8.27 |
| Distribution Yield1 (%) | 2.81 | 5.72 | 6.63 | 5.81 | 7.32 |
| Balance Sheet as at 31 December | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Total Assets (S$ million) | 7,163.8 | 7,422.8 | 5,309.1 | 5,493.1 | 4,791.3 |
| Stapled Securityholders' Funds (S$ million) | 3,567.3 | 3,860.6 | 2,644.1 | 2,685.1 | 2,200.6 |
| Total Borrowings (S$ million) | 2,462.5 | 2,349.0 | 1,905.5 | 1,945.4 | 1,862.6 |
| Financial Ratios as at 31 December | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Net Asset Value (NAV) per Stapled Security (S$) | 1.15 | 1.25 | 1.22 | 1.25 | 1.33 |
| Aggregate Leverage (%) | 36.3 | 33.6 | 36.7 | 36.2 | 39.8 |
| Interest Cover Ratio2 (times) | 2.2 | 4.6 | 4.7 | 4.5 | 4.2 |
| Management Expense Ratio3 (%) | 1.0 | 0.8 | 1.2 | 1.2 | 1.3 |
| Financial Derivatives as a Percentage of NAV4 (%) | 0.7 | 0.3 | 0.04 | 0.3 | 0.5 |
| Other Information as at 31 December | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|
| Market Capitalisation1 (S$ million) | 3,356.7 | 4,100.5 | 2,337.8 | 2,622.6 | 1,868.4 |
| Number of Stapled Securities in Issue (million) | 3,108.0 | 3,083.1 | 2,164.6 | 2,149.7 | 1,653.5 |
- Based on the closing price on the last trading day of each respective year. 2020: S$1.08, 2019: S$1.33, 2018: S$1.08, 2017: S$1.22 and 2016: S$1.13.
- Refers to EBITDA (earnings before net interest expense, income tax expense, depreciation and amortisation) before change in fair value of financial derivatives, change in fair value of investment properties, investment properties under development and assets held for sale, revaluation deficit on freehold land and buildings, and foreign exchange differences over net interest expense.
- Refers to expenses (excluding direct expenses, foreign exchange differences, net interest expense, change in fair value of financial derivatives, change in fair value of investment properties, investment properties under development and assets held for sale, revaluation deficit on freehold land and buildings, assets written off and income tax expense) over net asset value.
- Financial derivatives refer to the cross currency interest rate swaps, currency forwards and interest rate swaps which ART has entered into.