(in HK$’ million, unless otherwise specified) | 2020 | 2019 | 2018 | 2017 | 2016 |
For the year ended 30 June : | |||||
Revenue | 854.6 | 850.7 | 817.4 | 788.1 | 769.7 |
Property operating expenses | 169.9 | 168.2 | 171.3 | 164.7 | 161.2 |
Net property income | 684.7 | 682.5 | 646.1 | 623.4 | 608.5 |
Cost-to-income ratio (%) | 19.9 | 19.8 | 21.0 | 20.9 | 20.9 |
(Loss)/profit after taxation | (751.4) | 1,591.1 | 1,442.3 | 743.5 | 825.3 |
Annual distributable income | 467.0 | 467.3 | 450.5 | 434.5 | 415.0 |
DPU (HK cents)Note | 26.8 | 27.3 | 26.5 | 33.0 | 24.3 |
Payout ratio (%)Note |
95.2 | 96.4 | 96.7 | 124.3 | 95.8 |
At 30 June : | |||||
Portfolio valuation | 18,918.0 | 20,002.5 | 18,754.8 | 17,062.4 | 16,651.0 |
Total assets | 19,674.1 | 20,805.8 | 19,631.3 | 18,297.8 | 17,925.0 |
Total liabilities | 4,902.9 | 4,813.9 | 4,774.3 | 4,398.3 | 4,406.9 |
Net asset value | 14,771.2 | 15,991.9 | 14,857.0 | 13,899.5 | 13,518.1 |
Net asset value per unit (HK$) | 8.89 | 9.68 | 9.03 | 8.49 | 8.26 |
Gearing ratio (%) | 21.6 | 20.4 | 21.8 | 21.5 | 21.9 |
Note : | A special distribution of HK 7.5 cents was included in 2017. Excluding the special distribution, the payout ratio in 2017 would have been 96.1%. |
(in HK$’ million, unless otherwise specified) | ||
Six months ended 31 December 2019 | Six months ended 31 December 2018 | |
Revenue | 437.1 | 424.9 |
Property operating expenses | 91.4 | 86.2 |
Net property income | 345.7 | 338.7 |
Cost-to-income ratio (%) | 20.9 | 20.3 |
Profit after taxation | 30.7 | 859.1 |
Distributable income | 233.5 | 231.6 |
DPU (HK cents) | 13.2 | 13.2 |
Payout ratio (%) | 93.6 | 93.9 |
At 31 December 2019 | At 30 June 2019 | |
Portfolio valuation | 19,896.1 | 20,002.5 |
Total assets | 20,716.0 | 20,805.8 |
Total liabilities | 4,876.9 | 4,813.9 |
Net asset value | 15,839.1 | 15,991.9 |
Net asset value per unit (HK$) | 9.56 | 9.68 |
Gearing ratio (%) | 20.5 | 20.4 |