159 ANNUAL REPORT 2025 Group 2025 2024 US$’000 US$’000 Amount available for distribution to Unitholders at the beginning of the financial year 16,594 15,283 Net income after tax attributable to the Unitholders for the year 20,651 29,907 Distribution adjustments (Note A) 6,281 (4,421) Amount available for distribution to Unitholders 26,932 25,486 Distribution to Unitholders during the financial year: Distribution of US2.14 cents per Unit for the period from 1 July 2023 to 31 December 2023 - (12,448) Distribution of US2.01 cents per Unit for the period from 1 January 2024 to 30 June 2024 - (11,727) Distribution of US2.05 cents per Unit for the period from 1 July 2024 to 31 December 2024 (12,088) - Distribution of US2.09 cents per Unit for the period from 1 January 2025 to 30 June 2025 (12,475) - Total distribution to Unitholders (24,563) (24,175) Income available for distribution to Unitholders at the end of the financial year 18,963 16,594 Distribution per Unit (DPU) (US cents) 4.39 4.06 Note A – Distribution adjustments comprise: Group 2025 2024 US$’000 US$’000 Property related non-cash items (1) (320) (713) Manager’s performance fee payable in Units 493 - Trustee’s fee 98 156 Amortisation of upfront debt-related transaction costs (2) 2,773 1,418 Loss/(gain) on divestment of investment properties 684 (2,156) Fair value change in investment properties and investment property held for divestment (1,811) (7,450) Fair value change on financial derivatives 1,357 136 Deferred tax expense 3,964 4,938 Interest on lease liability 466 570 Ground lease rental payment (1,441) (1,320) Other net adjustments (3) 18 - Distribution adjustments 6,281 (4,421) Footnotes: (1) Mainly comprise straight-line rent adjustments and lease commission amortisation. (2) Upfront debt-related transaction costs are amortised over the life of loans and borrowings. (3) Net of non-controlling interests. Distribution Statement For the financial year ended 31 December 2025 See accompanying notes to financial statements.
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