The REIT, which owns a portfolio of malls and self-storage spaces in the US, says the resilient performance of UHREIT’s existing properties, coupled with the income from its third and largest acquisition, Upland Square Shopping Center in July 2022, contributed positively to 1QFY2023 distributable income.
United Hampshire US REIT (UHREIT) (SGX:ODBU
) has reported distributable income of US$8.8 million for 1QFY2023 ended March 31, up 7.6% over the corresponding period last year.
Gross revenue and net property income (NPI) for the period rose 11.8% and 13.5% y-o-y, to US$18.1 million and US$12.9 million respectively.
