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Credit Rating

Corporate Rating

Moody's
A2 / Stable​​
​Rating affirmed on 8 May 2018
Standard and Poor's A / Stable​ Rating affirmed on 18 Aug 2017​
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Rating for the Guaranteed Euro Medium Term Note Programme

Moody's A2​ Rating affirmed on 18 Jan 2018​
Standard and Poor's A ​ Rating affirmed on 19 Jan 2018
 
 
Key Credit Metrics by Rating Agencies
 
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Mar 18 (2) Mar 17 (3)​ Mar 16 (3) Mar 15 (3) Mar 14 (3) ​​
Total debt / total assets 11.9%​ 15.6%​ 16.5​% 11.9%​ 11.0%
​FFO (1) / debt 21.2%​ 18.3%​ 17.8%​ 29.6%​  39.3%
​EBITDA interest coverage 8.5x​ 8.4x​ ​10.0x 13.7x ​12.7x
​Total debt / EBITDA​ 3.5x 4.1x​ ​4.4x 3.2x​ ​​2.5x
       
 
Notes:​ ​
(1)​​ ​Funds from operations is net cash generated from operating activities adjusted by operating lease expenses, interest expenses and income.
​(2) Preliminary figures to be confirmed by rating agencies.
​(3) Figures are based on reports of rating agencies.
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Euromoney Real Estate Awards 2013 Best Investment Manager in Hong Kong 2015 Institutional Investor Most Honored Company in Hong Kong 2015 The Asset Triple A Awards Property Investor of the Year DJSI Asia Pacific FTSE4Good GRESB Green Star 2014 Hong Kong Awards for Industries: Customer Service Grand Award Web Accessibility Recognition Scheme