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3

3

5-year Financial Summary

Year

2011

2012

2013

2014

2015

% Change

2014 to

2015

Net Property Income ($ million)

26.2

25.1

36.5

38.9

41.2

6.1

Distribution to members ($ million)

19.5

19.5

20.1

21.7

24.5

12.8

Distribution per unit (cents)

27.80 27.80 28.70 31.00 34.97

12.8

Tax deferred component (%)

26

58

60

52

47

Shopping centre investment ($ million)

442.9 668.5 678.2 728.2 765.1

5.1

Total members’ funds ($ million)

388.0 446.6 451.6 501.7 532.9

6.2

Number of units on issue (million)

70

70

70

70

70

Net tangible asset backing per unit

$5.54 $6.38 $6.45

$7.17

$7.61

6.2

The Trust’s net property income for the period was $41.2 million,

representing a 6.1% increase on the previous year.

Westfield Carindale

generates sales

of $913 million

.