Alright, let’s dive into this whirlwind of property numbers and projects. This thing is packed — no kidding — so let’s untangle it a bit, and see if we can’t make sense of it all. Ready?
So, there’s this basic profile, right? Key stats, all that jazz. Not super riveting on the surface, but hold on. Got this in-your-face graph splashed across the page — one of those “look at me now” kind of things. I had no idea what it was about, but it just stuck there, yelling “stats!” at my face.
Anyway, performance-wise, even with the INR being a bit under the weather against SGD, they’re saying total property income’s up. Like, how? Basically, they point fingers at higher rents from old places — nothing like squeezing a bit more from what’s there, right? Plus, shiny new spots and some 2024 acquisitions pitching in. Go figure.
Then there’s this rental reversion thing. +9% for the first half of FY25. Feels like it should be on a commercial for something. “Bangalore, Chennai, Hyderabad… everyone’s on board!” Sounds like a travel commercial, doesn’t it?
Oh, and these pipelines — no, not carrying oil or anything, just more buildings. Stuff slotted for 2025, 2026… you get the idea. Gardencity Project ICasa Grande, aVance… sometimes these names sound like they’re out of a sci-fi flick. Like, really, “Ebisu Building 1”? What happened to plain old Block A?
Flipping to development, they’ve got four data centers in the works, MTB 6 wrapped up in April ‘25. Data centers — maybe the modern equivalent of castles? They store treasure, only digital. Weird thought, huh?
And the party doesn’t stop. Some sharing thing happening with related parties. Looks comfy with “favorable” plastered next to most shareholding categories. Directors seem happy — or so it reads.
Now, lease profile, committed occupancy — sounds like people are sticking around. Income in SGD or other big currencies isn’t super thrilling, apparently. Doesn’t make it sound like a party, but what do I know, right? The highest annual something or other makes a cameo. It’s almost like a tease.
Okay, okay, hold up. That’s where I lost the plot. Or maybe it ran away from me. Anyways, there’s this string of words — don’t even know where it was going. Can’t say I’m surprised, though. Write this way long enough, and that happens.
And there you have it. Or something close to it. A sort of roadmap — if that’s the right term — through a maze of property jargon and stats. Catch you later. Or never. Who knows?
