Annual Report 2007 - The Link REIT

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6 The Link Real Estate Investment Trust Annual Report 2007 Financial Highlights Year ended Period ended Changes 31 March 2007 31 March 2006 (3) % Revenue HK$M 3,954 1,354 1.6% (1) Net property income HK$M 2,361 813 1.0% (1) Distributable income HK$M 1,441 467 7.4% (1) Valuation of investment properties at year/period end HK$M 39,557 35,772 10.6% Net asset value at year/period end HK$M 26,789 23,715 13.0% Distribution per unit Interim HK cents 32.81 N/A N/A Final HK cents 34.62 21.81 10.8% (2) Total HK cents 67.43 21.81 7.6% (1) Net asset value per unit at year/period end HK$ 12.53 11.09 13.0% Borrowings to total asset ratio at year/period end % 26.92 29.91 -10.0% Expenditure/Income ratio for the year/period % 40.30 39.96 0.9% Expenditure/Income ratio excluding estate common area costs for the year/period % 38.90 38.71 0.5% Composite reversion rate for the year/period % 9.87 3.72 165.3% Retention rate for the year/period % 78.70 93.40 -15.7% Retail facility occupancy rate at year/period end % 90.30 91.20 -1.0% Carpark utilisation rate at year/period end % 71.60 72.00 -0.6% Average base unit rent excluding self use offices at year/period end (per square foot) HK$ 23.6 23.0 2.6% Average base unit rent excluding self use offices, education/welfare, Housing Department offices and ancillary at year/period end (per square foot) HK$ 25.9 25.4 2.0% Market price per unit at year/period end HK$ 18.80 16.80 11.9% Market capitalisation at year/period end HK$M 40,184 35,909 11.9% Distribution yield on listing price % 6.55 6.09 (1) 7.6% on market price at year/period end % 3.59 3.73 (1) -3.8% (1) based on annualised figure (2) based on pro-rated six months figure (3) represents period from 6 September 2005 to 31 March 2006 (operational since 25 November 2005, the listing date) Total Revenue Net Property Income HK$ Million HK$ Million 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 6% 4% 12% 3,954 Year ended 31 March 2007 22% 1% 55% 6% 4% 12% 1,354 Period ended 31 March 2006 23% 1% 54% 3,000 2,500 2,000 1,500 1,000 500 0 20% 2,361 Year ended 31 March 2007 80% 19% 813 Period ended 31 March 2006 81% Retail Cooked Food Stalls Carparks Retail Carpark Market Ancillary & Others Air- Conditioning & Other Income
Annual Report 2007 The Link Real Estate Investment Trust 7 Financial Highlights Distributable Income HK$ Million Distribution per Unit HK cents 2,000 1,600 1,200 800 400 0 739 702 1,441 Year ended 31 March 2007 467 467 Period ended 31 March 2006 90 80 70 60 50 40 30 20 10 0 34.62 32.81 67.43 Year ended 31 March 2007 21.81 21.81 Period ended 31 March 2006 Interim Final Interim Final Property Valuation HK$ Million 7,306 6,674 32,251 29,098 HK$39,557 million As at 31 March 2007 HK$35,772 million As at 31 March 2006 Retail Carpark Net Asset Value HK$ Million Debt Maturity Profile as at 31 March 2007 HK$ Million 30,000 25,000 26,789 23,715 7,000 6,000 5,395 20,000 15,000 10,000 5,000 5,000 4,000 3,000 2,000 1,000 2,196 4,586 0 As at 31 March 2007 As at 31 March 2006 0 2007 2008 2009 2010 2011 2012
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Annual Report 2007 - The Link REIT

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