A-REIT reported 15% higher net income available for distribution yoy at
S$47.2, on the back of 13% increase in gross revenues to S$80.2m. This was
mainly due to additional rental income from completed acquisitions and
positive rental reversions from its high-tech industrials and business as
well as science parks. Average occupancy levels rose to 98.7% as at 31 Dec
07 compared to 96.1% a year ago. Leverage at 38.6%. As at end Dec 07,
AREIT had an aggregate gearing of 38.6%, which was 88% fixed at 3.39% and
an average weighted term of 3.92 years. Interest cover ratio was 5.32x.
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