In contrast, the trust made a capital distribution of 0.4 cents per unit and an income distribution 1.84 cents per unit for the 2HFY2021.
During the 2HFY2022, the trust reported a loss of $221.5 million and a loss of $277.9 million for the FY2022.
Revenue for the full year fell by 15.8% y-o-y to $85.3 million.
Net property income (NPI) for the same period fell by 31.7% y-o-y to $47.2 million.
Net income fell by 46.3% y-o-y to $8.4 million.
As at Dec 31, 2022, the group’s net asset value (NAV) fell to 84 cents from $1.40.
Cash and cash equivalents for the period stood at $38 million, a fraction of the $88.0 million in the year before.
See also: Lum Chang Holdings net profit up 102% y-o-y for FY2025 to $18.7 mil
As at Dec 31, 2022, the trust’s average occupancy rate for its seven malls is 91.5%, down from 93.9% as at Dec 31, 2021.
As at 9.52am, units in Dasin Retail Trustare trading 0.2 cents lower or 1.64% down at 12 cents.
