Annual Report 2025 173 Notes to the Financial Statements 31 December 2025 17. Units in Issue and to be Issued Group and Trust 2025 (’000) 2024 (’000) Units issued: At the beginning of the financial year 4,400,309 4,393,607 Issue of new Units: - Management fees paid in Units 6,549 6,702 - Equity fund raising 202,430 – - Acquisition fee paid in Units 2,442 – - Divestment fee paid in Units 222 – At end of the financial year 4,611,952 4,400,309 Units to be issued: Management fees payable in Units 555 575 Divestment fee payable in Units – 222 Total Units issued and to be issued at end of the financial year 4,612,507 4,401,106 During the financial year ended 31 December 2025: • 6,548,657 new Units amounting to $17,561,000 were issued at issue price ranging from $2.5854 to $2.7807 per unit for the payment of 20% base management fee to the Manager in Units. • 202,430,000 new Units amounting to $500,002,100 were issued at an issue price of $2.4700 per unit for the private placement launched in May 2025. • 2,442,528 new Units amounting to $6,702,000 were issued at issue price of $2.7258 to $2.7525 per unit for the payment of acquisition fee to the Manager in Units. • 221,916 new Units amounting to $564,000 were issued at issue price of $2.5415 per unit for the payment of divestment fee to the Manager in Units. During the financial year ended 31 December 2024: • 6,701,944 new Units amounting to $17,297,000 were issued at issue price ranging from $2.5741 to $2.5878 per unit for the payment of 20% base management fee to the Manager in Units. 18. Gross Revenue Group 2025 $’000 2024 $’000 Property rental income 1,254,395 1,244,634 Other income 284,179 278,412 1,538,574 1,523,046 Other income comprises interest income received from finance lease receivable, car park charges, utilities income and sundry income.
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