During the quarter, the REIT reported a committed occupancy rate of 96.6%.
As at Sept 30, the REIT has a total of six properties in its portfolio with a valuation of RMB4.72billion ($874.2 million).
For the same period, the REIT’s total borrowings drawn down stood at $299.3 million with a gearing ratio of 407%. Its interest coverage ratio stood at
About 84% of its borrowings are denominated in Singapore dollars.
See also: Hongkong Land's underlying profit for FY2025 down 8%; earnings reach US$1.26 bil
Moving forward, the REIT manager says it remains “focused and committed to proactively manage the existing portfolio, as well as to pursue growth”.
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Units in BHG Retail REIT (SGX:BMGU
) closed 3 cents lower, or down 6.12%, at 46 cents on Nov 12.
