MANAGEMENT DISCUSSION AND ANALYSIS Section 1 - FINANCIAL REVIEW (CONT’D) PERFORMANCE BENCHMARK Management expense ratio (%) 0.29 0.58 Management expenses increased due to revision in Manager’s fees expenses Total return (%) 11.81 8.01 Total return for the financial year was lower mainly due to lower distribution yield Average annual total unit price return (5 years) (%) 3.13 5.23 The 5-year average annual total return increased due to higher closing price offset lower DPU in FY2023 Average annual total unit price return (3 years) (%) 3.84 5.03 The 3-year average annual total return increased as higher closing price offset lower DPU in FY2023 Distribution yield (%) 6.64 6.37 Distribution yield has decreased due to higher closing price of RM1.24 and lower DPU of 7.90 sen in FY2023 NAV per unit (RM) 1.2839 1.2772 NAV per unit decreased 0.5% due to higher unit base, following the issuance of new units in April 2023 COMMENTARY FY2023 FY2022 PERFORMANCE BENCHMARK 26 BUSINESS OVERVIEW 1 3 4 5 6 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023
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