Financial Year Ended 31 December 2019 2018 2017 2016 2015
No. of Months 12 12 12 12 12
Audited / Restated Audited Audited Audited Audited Audited
 
KEY FINANCIALS
STATEMENT OF COMPREHENSIVE INCOME (RM'000)
Gross Revenue 160,992 172,527# 181,502# 136,648 # 120,290 #
Net Property Income 121,748 132,802 141,341 107,155 95,387
Net Income for the Period / Year 29,122 73,130 69,910 62,770 60,698
Net Realised Income 72,108 84,654 88,007 59,156 54,021
Income Distribution to Unitholders 73,008 86,600 89,605 55,424 50,919
 
STATEMENT OF FINANCIAL POSITION (RM'000)
Investment Properties 2,143,000 2,177,600 2,204,200## 2,222,000 1,569,800
Total Asset Value 2,213,704 2,271,705 2,288,392 2,297,342 1,625,240
Net Asset Value (NAV) 1,323,489 1,372,290 1,384,725 1,359,699 903,855
Total Borrowings 835,716 853,704 853,453 851,567 689,722
Total Unitholders' Funds 1,323,489 1,372,290 1,384,725 1,359,699 903,855
 
KEY RATIOS
Earnings Per Unit (Realised) (After Manager's Fees) (sen) 6.73 7.91 8.24 8.80 9.06
Distributable Income Per Unit (sen) 6.81 8.13 8.61 8.80 9.06
Income Distribution Per Unit (sen) 6.80 8.08 8.39 8.38 8.47
Distribution Yield (Per Annum) ** (%) 6.80 7.62 6.71 6.98 7.84
NAV Per Unit (Before Income Distribution) (RM) 1.2348 1.2804 1.2966 1.2988 1.3666
NAV Per Unit (After Income Distribution) (RM) 1.2011 1.2419 1.2550 1.2731 1.3229
Highest NAV Per Unit (RM) - 1.3018 1.3281 1.3758 1.3952
Lowest NAV Per Unit (RM) - 1.2612 1.2799 1.2731 1.3136
Management Expense Ratio (MER) ^ (%) - 1.09 1.07 1.33 1.19
Gearing Ratio (%) 37.75 37.58 37.29 37.07 42.44
Market Capitalisation (RM'000) 1,071,783 1,136,090 1,335,000 1,281,600 714,291

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.