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BHG Retail Trust Q4 DPU beats forecast

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BHG Retail Trust Management racked up a distribution per unit (DPU) of 1.31 Singapore cents for the fourth quarter ended Dec 31, 2016, exceeding its own forecast by 0.8 per cent.

BHG Retail Trust Management racked up a distribution per unit (DPU) of 1.31 Singapore cents for the fourth quarter ended Dec 31, 2016, exceeding its own forecast by 0.8 per cent.

This came on the back of S$10.3 million in net property income, beating its forecast by 1.1 per cent.

But gross revenue of S$15.79 million was 4.5 per cent below forecast amid China's nationwide reform on value-added tax that came into effect from May 1, 2016 and a weaker yuan against the Singapore dollar.

For the period from Nov 18, 2015 to Dec 31, 2016, BHG Retail Trust's gross revenue of S$66.23 million also came in 3.3 per cent below forecast for the same reasons. Net property income for the period was S$42.2 million, 0.1 per cent higher than forecast.

BHG Retail Trust said it will distribute the second-half 2016 DPU of 2.60 cents to unitholders on March 28.

sentifi.com

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