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United Hampshire US REIT reports higher distributable income for 2HFY2022

The Edge Singapore
The Edge Singapore • 2 min read
United Hampshire US REIT reports higher distributable income for 2HFY2022
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United Hampshire US REIT has reported distributable income of US$16.8 million for 2HFY2022, up 5.2% over the preceding year ended Dec 31 2021.

For the full year, distributable income was up 6.2% to $33.1 million. Gross revenue for FY2022 was US$67.5 million, up 22.2% over FY2021.

The REIT, which owns a portfolio of malls and self-storage spaces, has reported a distribution per unit of 2.97 US cents for 2HFY2022, down 2.6% y-o-y. This brings UHREIT’s full year payout to 5.88 US cents, down 3.6%.

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