186
30 FINANCIAL RATIOS
H-REIT Group
Stapled Group
2015
2014
2015
2014
%
%
%
%
Expenses to weighted average net assets
1
- including performance component of
H-REIT Manager’s management fees
2
0.94
0.93
1.23
0.95
- excluding performance component of
H-REIT Manager’s management fees
2
0.52
0.49
0.81
0.50
Portfolio turnover rate
3
–
–
–
–
1 The annualised ratios are computed in accordance with the guidelines of the Investment Management Association of
Singapore. The expenses used in the computation relate to expenses of the H-REIT Group and the Stapled Group,
excluding property expenses, interest expense and income tax expense of each entity, where applicable.
2 Excluding acquisition fee and costs associated with the acquisition of a subsidiary.
3 The annualised ratio is computed based on the lesser of purchases or sales of underlying investment properties of the
H-REIT Group and the Stapled Group expressed as a percentage of daily average net asset value.
NOTES TO THE FINANCIAL STATEMENTS
