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BHG Retail REIT reports FY2023 DPU of 0.43 cents, 62% lower y-o-y

Douglas Toh
Douglas Toh • 2 min read
BHG Retail REIT reports FY2023 DPU of 0.43 cents, 62% lower y-o-y
The weakening of Renminbi against the Singdollar during the REIT's AEI initiatives was the primary reason of its lower DPU.
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BHG Retail REIT has reported a distribution per unit (DPU) of 0.43 cents for the FY2023 ended Dec 31, 2023, 62% lower y-o-y from FY2022’s DPU of 1.17 cents.

Similarly, the REIT’s DPU of 0.08 cents for the 2HFY2023 was 80.5% lower y-o-y than 2HFY2022’s DPU of 0.41 cents.

Meanwhile, gross revenue in 2HFY2023 was $0.1 million or 0.2% higher y-o-y than 2HFY2022 and FY2023’s gross revenue of $62.0 million was $4.5 million or 6.7% y-o-y lower than FY2022’s $66.4 million.

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