Assuming FY 2019/2020 (annualized base on Q3 results)
Operating cash flow = $67 million
Joint Venture = $4 million
Capex = -$28 million
Distribution payout = -$87 million.
Distribution payout by units = $18 million (double of last year show in Q3 results)
Finance cost = -$16 million
Borrowing for AEI = $27 million (3Q borrowing minus repayment)
Est. Google lease Rent Income ($4psf) = $14 million
Est. China Square Central Full lease Income ($15psf) = $1 million
Deficit of $0.
Therefore FCOT is on the edge of dropping its DPU if there is any hiccups, they are running out of ammo to help maintain the DPU. Cash is a at lowest level since the divestment of 55 Market Street. Shareholders has to continue to pick up distribution reinvestment plan to support the DPU. However that also increase the share base and will reduce the DPU in the longer term. Do remember Microsoft is moving out of Alexandra Technopark.
hope it can... vested :)
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