Financial PerformanceDistributable income decreased by 16.3% due to increased finance costs by 23.7% year over year.
Operational RiskBluesea, the tenant at Guangdong Data Centre, is unlikely to fulfill its rent obligations, leading to a provision for doubtful receivables and potential need to replace the tenant.
Valuation RiskNo impairment for Guangdong DC in FY23; however, there is a devaluation risk present if the master lease is terminated.