Defining their performance in this first quarter as a strong one, Gerard Yuen, CEO of the REIT manager, says it was “supported by our resilient portfolio, healthy leasing activity and contributions from our two newly acquired grocery-anchored properties”.
United Hampshire US REIT (UHREIT) has reported a distributable income of US$6.9 million ($8.8 million) for the 1QFY2026 ended March 31, 10% higher y-o-y, as contributions from two recently acquired grocery-anchored properties and robust leasing activity drove a broad-based improvement across its financial metrics.
The quarter’s gross revenue climbed 8.7% y-o-y to US$19.7 million, while net property income (NPI) rose 12.7% y-o-y to US$13.2 million, with the latter's outpacing of top-line growth reflecting the beneficial impact of triple-net lease structures that insulate the REIT from rising operating costs. The improvement was driven by "the commencement of new leases, built-in rental escalations in existing leases, and the contribution from Dover Marketplace and Wallingford Fair Shopping Center," which UHREIT acquired in August 2025 and January 2026 respectively. Wallingford Fair was added to the portfolio at US$21.4 million, 8.2% below independent valuation.
