BHG Retail REIT reports WALE of 3.1 years, with 96.6% occupancy rate for 3QFY2024

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.

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Moving forward, the REIT manager says it remains “focused and committed to proactively manage the existing portfolio, as well as to pursue growth”.

Units in BHG Retail REIT (SGX:BMGU) closed 3 cents lower, or down 6.12%, at 46 cents on Nov 12.