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10/23/2024
Yilmei
Head of Investor Relations
Hi, good morning. This is Yilmei here. Welcome to MLC's second quarter results for the financial year ending March 2025. I now hand over the session to Xiaomei who will kick off the presentation. Hi, morning everyone.
Xiaomei
Chief Financial Officer
Quickly to go through the key highlights for the quarter before going into details of the financial results. Key highlights. Okay, so for the quarter, our gross revenue is 1.8% lower year-on-year at $183.3 million. NTI is 2.1% lower year-on-year at $158.6 million, and ETU is 10.6% lower, 2.027%. portfolio occupancy remains stable at 96%, with an average rental reversion of a negative 0.6, mainly due to our China portfolio. Excluding the China portfolio, our rental reversion is a positive 3.6%, where we remain stable for six years.
Yilmei
Head of Investor Relations
As we have leveraged at 40.2%, higher than 39.6% against last quarter, mainly because of the strengthening of the JPY as well as lower fair value on our financial derivatives. Our debt hedging to fixed rate 84%, that means debt maturity of 3.6 years and income for the next 12 months.
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