Section 2 - OPERATIONS REVIEW (CONT’D) MANAGEMENT DISCUSSION AND ANALYSIS PERFORMANCE OF PORTFOLIO SINCE IPO HISTORICAL DPU SINCE IPO On the back of a lower distributable income, the Manager distributed a lower DPU of 7.90 sen for FY2023, which represents a small decline of 2.5% compared to FY2022. However, the payout for FY2023 was 99.9%, marking the highest payout in the past 10 years. The lower DPU for FY2023 is due to the absence of the cost savings from the refinancing of Al-`Aqar’s Sukuk which boosted DPU for FY2022. The Manager is optimistic that the DPU will be on an upward trend in the coming years. No. of Properties (LHS) Investment Properties Value: RM bil (RHS) DPU: sen (LHS) Payout: % (RHS) Investment Properties (RM bil) Payout (%) DPU (sen) 2006 2006 2017 2017 2022 2022 2010 2010 2011 2011 2008 2008 2009 2009 2007 2007 2012 2012 2013 2013 2018 2018 2014 2014 2019 2019 2015 2015 2020 2020 2016 2016 2021 2021 30 12 25 10 2.0 100% 1.7 90% 1.3 80% 0 0 10 4 15 6 5 2 0.3 - 50% 0.7 60% 20 8 1.0 70% 6 0.5 0.5 0.7 1.0 1.1 1.4 1.4 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.5 1.6 1.7 1.6 99% 6 98% 11 99% 19 99% 20 100% 23 100% 25 100% 25 95% 23 96% 23 96% 24 24 95% 23 96% 23 95% 22 99% 23 95% 22 96% 25 100% 100% 2023 2023 2.72 7.32 8.01 8.10 7.73 7.69 7.80 7.65 7.70 7.70 8.10 7.80 7.90 6.81 7.70 7.75 7.70 7.85 31 BUSINESS OVERVIEW 1 3 4 5 6 AL-`AQAR HEALTHCARE REIT ANNUAL REPORT 2023
RkJQdWJsaXNoZXIy NDgzMzc=