Financial Year Ended 31 December 2020 2019 2018 2017 2016
No. of Months 12 12 12 12 12
Audited / Restated Unaudited Audited Audited Audited Audited
 
KEY FINANCIALS
STATEMENT OF COMPREHENSIVE INCOME (RM'000)
Gross Revenue 164,014 160,992 172,527# 181,502# 136,648 #
Net Property Income 126,120 121,748 132,802 141,341 107,155
Net Income for the Period / Year 72,569 29,122 73,130 69,910 62,770
Net Realised Income 80,955 72,108 84,654 88,007 59,156
Income Distribution to Unitholders 75,882 73,008 86,600 89,605 55,424
 
STATEMENT OF FINANCIAL POSITION (RM'000)
Investment Properties 2,097,000 2,143,000 2,177,600 2,204,200## 2,222,000
Total Asset Value 2,227,662 2,213,704 2,271,705 2,288,392 2,297,342
Net Asset Value (NAV) 1,323,502 1,323,489 1,372,290 1,384,725 1,359,699
Total Borrowings 844,977 835,716 853,704 853,453 851,567
Total Unitholders' Funds 1,323,502 1,323,489 1,372,290 1,384,725 1,359,699
 
KEY RATIOS
Earnings Per Unit (Realised) (After Manager's Fees) (sen) 7.55 6.73 7.91 8.24 8.80
Distributable Income Per Unit (sen) 7.55 6.81 8.13 8.61 8.80
Income Distribution Per Unit (sen) 7.08 6.80 8.08 8.39 8.38
Distribution Yield (Per Annum) ** (%) 8.09 6.80 7.62 6.71 6.98
NAV Per Unit (Before Income Distribution) (RM) 1.2349 1.2348 1.2804 1.2966 1.2988
NAV Per Unit (After Income Distribution) (RM) 1.1984 1.2011 1.2419 1.2550 1.2731
Highest NAV Per Unit (RM) - 1.3018 1.3281 1.3758
Lowest NAV Per Unit (RM) - 1.2612 1.2799 1.2731
Management Expense Ratio (MER) ^ (%) - 1.09 1.07 1.33
Gearing Ratio (%) 37.93 37.75 37.58 37.29 37.07
Market Capitalisation (RM'000) 937,810 1,071,783 1,136,090 1,335,000 1,281,600

Notes:

n/a = not available
# Inclusive of unrealised rental income-unbilled lease income receivable pursuant to requirements of MFRS 117 Leases
## Inclusive of accrued rental income.
* Based on the closing price on the last trading day of the respective financial period / years
** FY2019 Distribution Yield based on annualised 1H2019 Distribution Per Unit

Disclaimer - The past performance is not necessarily indicative of future performances and that unit prices and investment returns may fluctuate.