Financial Highlights

Annual Results

(in HK$’ million, unless otherwise specified) 2016 2015 2014 2013 2012
For the year ended 30 June:          
Revenue 769.7  754.4 688.9 630.2 581.7
Property operating expenses 161.2  167.8 153.8 139.6 133.2
Net property income 608.5  586.6 535.1 490.6 448.5
Cost-to-income ratio (%) 20.9  22.2 22.3 22.2 22.9
Profit after taxation 825.3  1,902.7 1,230.0 1,674.6 1,027.3
Total distributable income 415.0  375.2 342.8 307.0 298.4
DPU (HK cents) 24.3  22.0 20.0 17.7 17.0
Payout ratio (%) 95.8  95.9 94.8 93.1 91.3
At 30 June:          
Portfolio valuation 16,651.0  17,035.3 15,390.6 14,408.8 13,038.8
Total assets 17,925.0  17,897.7 16,151.9 15,156.4 13,692.5
Total liabilities 4,406.9  4,800.6 4,657.0 4,624.7 4,670.5
Net asset value 13,518.1  13,097.1 11,494.9 10,531.7 9,022.0
Net asset value per unit (HK$) 8.26  7.99 7.06 6.52 5.62
Gearing ratio (%) 21.9  22.0 24.3 25.9 28.8

 

Interim Results

(in HK$’ million, unless otherwise specified)    
  Six months ended 31 December 2016 Six months ended 31 December 2015
Revenue 383.6 385.2
Property operating expenses 84.4 80.0
Net property income 299.2 305.2
Cost-to-income ratio (%) 22.0 20.8
Profit after taxation 278.9 587.2
Distributable income 205.1 206.4
DPU (HK cents) 12.2 12.0
Payout ratio (%) 97.3 95.2
  At 31 December 2016 At 30 June
2016
Portfolio valuation 16,782.6 16,651.0
Total assets 18,016.9 17,925.0
Total liabilities 4,357.3 4,406.9
Net asset value 13,659.6 13,518.1
Net asset value per unit (HK$) 8.35 8.26
Gearing ratio (%) 21.8 21.9
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