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Credit Rating

Corporate Rating

Moody's
A2 / Stable​​
​Rating affirmed on 13 Jul 2016
Standard and Poor's A / Stable​ Rating affirmed on 25 Jul 2016​
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Rating for the Guaranteed Euro Medium Term Note Programme

Moody's A2​ Rating affirmed on 20 Jan 2016​
Standard and Poor's A ​ Rating affirmed on 6 Jul 2016
 
 
Key Credit Metrics by Rating Agencies
 
Mar 16 (3) Mar 15 (3) Mar 14 (3) Mar 13 (3) ​Mar 12 (3)
Total debt / total assets 16.5​% 11.9%​ 11.0% ​13.6% ​16.0%
​Debt / debt and equity (1) 17.5%​ 10.9%​ 9.8% 12.1% ​15.3%
​FFO (2) / debt 17.8%​ 29.6%​  39.3% ​32.2% 27.8%​
​EBITDA interest coverage ​10.0x 13.6x ​12.7x ​10.1x 8.6x
​Total debt / EBITDA ​4.4x 3.2x​ ​​2.5x ​3.0x ​3.2x
       
 
Notes:​ ​
(1)​ Equity is equal to net assets attributable to Unitholders.
(2)​​ ​Funds from operations is calculated by net cash generated from operating activities with adjustments for operating lease expense, interest expenses and
income.
​(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