The REIT reported a gross revenue of $28.1 million for the 1HFY2025, 10.4% y-o-y. This is due to the weakening of the Chinese renminbi against the Singapore dollar, lower occupancy rates and rental support provided to Dalian and Xining.
The manager of BHG Retail REIT has reported a distribution per unit (DPU) of 0.22 cents for the 1HFY2025 ended June 30, down from the 0.25 cents declared in the same period a year ago.
The REIT says that this is due to $100,000 that is available for distribution being retained for operational expenses and working capital requirements.
