United Hampshire US REIT Management, the manager of United Hampshire US REIT ODBU (UHREIT), has sold 405,200 units in the REIT at 43 US cents (57.48 cents) apiece.
The disposal, which was conducted on June 15, leaves the REIT manager with a 0.307% stake, down from 0.377% before the sale.
This is the second time in almost a week that the REIT manager had disposed of its shares via the market.
On June 8, the REIT manager sold another 500,000 units in the REIT again at 43 US cents per unit, reducing its stake from 0.465% to 0.377% at the time.
The REIT manager, on May 19, had received 1.89 million units in the REIT at an issue price of 46.3 US cents. The units were issued as payment of 100% of the manager’s base fee for the period from Jan 1 to March 31.
On May 12, the REIT manager announced that the REIT's distributable income for the 1QFY2023 ended March 31, grew by 7.6% y-o-y to US$8.8 million. The REIT's gross revenue rose by 11.8% y-o-y to US$18.1 million while its net property income (NPI) for the period increased by 13.5% y-o-y to US$12.9 million.
See also: UHUY HEHE 123 DBS CEO sells more shares, pockets proceeds of $13.8 million thus far this month
Units in UHREIT closed 2.5 US cents lower or 5.62% down at 42 US cents on June 19.
