United Hampshire US REIT Q3 2020 Distributable Income Hits $7.4 Million (US$5.5 Million)
November 13, 2020 – United Hampshire US Real Estate Investment Trust announced that its distributable income for the period 1 July 2020 to 30 September 2020 was US$7.4 million, 0.5% higher than IPO forecast.
The performance of the REIT is underpinned by its portfolio, with a majority of the tenants providing essential services.
Grocery & Necessity Properties rental collections for September 2020 are currently at 97%, with 100% of tenants open for business.
The REIT’s self-storage assets have also performed well. Both Millburn Self-Storage and Elizabeth Self-Storage recorded significant occupancy growth from April through October. Millburn Self-Storage occupancy increased from 61% to 95% while Elizabeth Self-Storage increased 6% to 36%, respectively.
Carteret Self-Storage’s occupancy remains above 90% since June 2020.
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