In its business update for the third quarter, CEO Robert Schmitt highlights two DPU-accretive acquisitions in the US: Penrose Plaza in Pennsylvania and Colonial Square in Virginia. “During the quarter, we announced our very first acquisitions since IPO, strategically adding two dominant grocery-anchored freehold assets to our high-quality portfolio in the Eastern seaboard, where we have strong familiarity."
United Hampshire US REIT (UHREIT) saw 4.1% y-o-y growth in distributable income of US$7.7 million for 3QFY2021 ended September.
Supported by a resilient portfolio, gross revenue and net property income (NPI) for 3QFY2021 rose 5.8% and 6.1% y-o-y to US$13.6 million and US$10.3 million respectively.
