Excluding the effect of the divestments, on a same-store basis, 9MFY2025 gross revenue and NPI increased by 3.1% and 5.0% y-o-y, respectively, driven by the commencement of new leases and rental escalations from existing leases.
United Hampshire US REIT has reported 3QFY2025 revenue of US$18.1 million, up just 1.4% y-o-y. Yet, net property income was up 5.7% y-o-y to US$12.7 million and distributable income of US$7 million, an increase of 15.5% y-o-y, thanks to lower financing costs.
This brings its 9MFY2025 revenue to US$53.8 million, down 1.6% y-o-y and net property income down 1.9% y-o-y to US$36.7 million due to the absence of contributions from three properties that had been sold.
