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Singapore REIT

BHG Retail REIT’s Gross Revenue Up 3.6 In H1 2022

August 16, 2022 – BHG Retail REIT’s first half 2022 gross revenue and net property income of S$35.6 million and S$21.0 million grew by 3.6% and 1.8% year-on-year, respectively, on the back of improved occupancies.

H1 2022 amount to be distributed to unitholders of S$3.9 million translated to a distribution per unit (“DPU”) of 0.76 Singapore cents, which will be paid to Unitholders on the 28 September 2022.

Ms Chan Iz-Lynn, Chief Executive Officer of BHG Retail Trust Management Pte. Ltd., said, “we are pleased to report a positive set of results for 1H 2022. These results were underpinned by the REIT’s resilient portfolio with a robust portfolio occupancy rate of 97.6% and healthy retention rates achieved, as at end-June 2022.

Moving ahead, the Manager will remain focused on its existing strategy, continue to optimise its malls’ offerings and pursue yield-accretive acquisition opportunities, in line with its vision to remain an attractive long-term yield-play investment to its Unitholders.

Read more here..

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