BHG Retail REIT DPU down 33.3%, NPI up 3.5%

Revenue for the period rose 4.2%.

BHG Retail REIT posted a 33.3% decline in its distribution per unit (DPU) for H1 2024 to $0.025 from $0.035 in H1 2023. The total distribution amounts to $1.3m.

Net property income for the period rose 3.5% whilst gross revenue increased 4.2% year-on-year (YoY).

As of 30 June, the REIT has a committed portfolio occupancy of 96.8%, with a gross floor area (gfa) of 311,691 sq m.

The REIT’s portfolio includes six retail properties in China: Beijing Wanliu (60%), Chengdu Konggang, Hefei Mengchenglu, Hefei Changjiangxilu, Xining Huayuan, and Dalian Jinsanjiao.

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