YEAR
IN REVIEW
OVERVIEW AND FINANCIAL REVIEW
(1)
Numbers may not add up due to rounding.
(2)
Note that apart from Galleria, no income was recorded for Claymore Connect in FY 2014 as the mall was undergoing asset enhancement works.
(3)
As Hilton Cambridge City Centre was acquired on 1 October 2015, the gross revenue and NPI include only contributions for the last three
months of 2015.
PERFORMANCE BY COUNTRY AND PROPERTY
(1)
FY 2015 FY 2014 Variance FY 2015 FY 2014 Variance
S$’000
S$’000
S$’000
S$’000
PROPERTIES ON LEASES
Gross Rental Revenue
Net Property Income
Singapore
101,328
106,373
-4.7% 90,983 96,994
-6.2%
Orchard Hotel
24,128
25,919
-6.9% 22,030
23,780
-7.4%
Grand Copthorne Waterfront Hotel
19,952
22,636
-11.9% 18,396
20,929
-12.1%
M Hotel
15,090
15,784
-4.4% 13,872
14,478
-4.2%
Copthorne King’s Hotel
8,353
8,907
-6.2% 6,988
7,488
-6.7%
Studio M Hotel
7,810
9,008
-13.3% 7,185
8,459
-15.1%
Novotel Singapore Clarke Quay
21,597
22,298
-3.1% 20,323
20,948
-3.0%
Claymore Connect
(2)
4,398
1,821
141.5% 2,190
912
140.1%
Australia
15,194
16,747
-9.3% 15,194
16,747
-9.3%
Novotel Brisbane
5,490
6,051
-9.3% 5,490
6,051
-9.3%
Mercure Brisbane
2,706
2,982
-9.3% 2,706
2,982
-9.3%
Ibis Brisbane
1,804
1,988
-9.3% 1,804
1,988
-9.3%
Mercure Perth
3,136
3,458
-9.3% 3,136
3,458
-9.3%
Ibis Perth
2,058
2,268
-9.3% 2,058
2,268
-9.3%
New Zealand
9,677
10,234
-5.4% 9,677
10,234
-5.4%
Rendezvous Hotel Auckland
9,677
10,234
-5.4% 9,677
10,234
-5.4%
Maldives
10,201
11,905
-14.3% 9,107
10,863
-16.2%
Angsana Velavaru
10,201
11,905
-14.3% 9,107
10,863
-16.2%
Sub-Total
136,400
145,259
-6.1% 124,961
134,838
-7.3%
PROPERTIES ON
Gross Hotel Revenue
Net Property Income
MANAGEMENT CONTRACTS
Maldives
20,152
21,553
-6.5% 4,525
5,688
-20.4%
Jumeirah Dhevanafushi
20,152
21,553
-6.5% 4,525
5,688
-20.4%
Japan
9,726
-
N.M.
5,240
-
N.M.
Hotel MyStays Asakusabashi
5,312
-
N.M.
2,862
-
N.M.
Hotel MyStays Kamata
4,414
-
N.M.
2,378
-
N.M.
United Kingdom
6,132
-
N.M.
2,277
-
N.M.
Hilton Cambridge City Centre
(3)
6,132
-
N.M.
2,277
-
N.M.
Sub-Total
36,010
21,553
67.1% 12,042
5,688 111.7%
Total Portfolio
172,410
166,812
3.4% 137,003
140,526
-2.5%
Gross Hotel Revenue
Net Property Income
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