The Business Times

United Hampshire US Reit

Companies & Markets

United Hampshire US Reit acquires Wallingford Fair Shopping Center for US$21.4 million

The price of the freehold property is 8.2% lower than an independent valuation of US$23.3 million

Distributable income of the Reit rises 2.4% in H1 FY2025 to US$13 million from US$12.7 million previously, mainly due to reduced finance costs from lower interest rates and borrowings.
Companies & Markets

United Hampshire US Reit H1 DPU rises 4% to US$0.0209 on higher occupancy levels

Revenue for the period declines 3% to US$35.7 million from US$36.9 million

The acquisition of Dover Marketplace, a retail neighbourhood shopping centre, is set to expand the Reit’s grocery-anchored portfolio and increase its exposure to the sector, the manager said.
Companies & Markets

United Hampshire US Reit acquires freehold Pennsylvania shopping centre for US$16.4 million

The purchase marks the Reit’s third acquisition in Pennsylvania, the manager says

Walmart at Hudson Valley Plaza, New York. The Reit's revenue fell 2% to US$18.1 million from US$18.5 million in the same period a year prior.
Companies & Markets

United Hampshire US Reit posts 1.4% lower Q1 distributable income at US$6.3 million

Net property income falls 8.4% to US$11.7 million

The Walmart outlet in United Hampshire Reit's Hudson Valley Plaza property (above). As at Dec 31, 2024, its ortfolio valuation increased by 2.9% year on year.
Companies & Markets

United Hampshire US Reit declares 4.2% lower H2 DPU of US$0.0205

Net property income falls 1.6% year on year to US$24.4 million for the half year

The net proceeds will be used to repay existing debts, finance capital expenditure, as well as fund potential acquisitions and other general corporate requirements.
Companies & Markets

United Hampshire US Reit unit sells supermarket property for US$23.8 million

Net proceeds of US$23.2 million about 10.2%, or US$2.6 million, lower than the book value of the property, which stood at US$25.8 million as at Jun 30, 2024

Penrose Plaza, a US shopping mall in United Hampshire US Reit's portfolio. The Reit has no refinancing requirements until November 2026.
Companies & Markets

United Hampshire US Reit Q3 distributable income falls 14.6% to US$6 million

The decline comes amid lower recoveries due to decreased occupancy, higher interest costs and absent contributions from divested properties

The tight supply of strip malls in the US puts United Hampshire US Reit in a strong bargaining position as landlord, says Gerard Yuen, the Reit manager's chief executive officer.
Companies & Markets
TOPLINE

United Hampshire US Reit eyes ‘opportunistic divestments’, accretive acquisitions in growth plans

The CEO of the trust’s manager of the Reit is confident of reaching the target of US$1 billion in assets under management by 2026 

KGI's target price of US$0.60 for United Hampshire US Reit includes a terminal growth rate of 2 per cent, as well as a 9.6 per cent cost of equity.
Companies & Markets

Brokers’ take: KGI initiates United Hampshire US Reit at ‘outperform’, US$0.60 target

A favourable interest rate environment will further align with the Reit’s growth strategy

United Hampshire US Reit expects the recent divestments of two properties within Hudson Valley Plaza to improve its aggregate leverage and interest coverage ratio.
Companies & Markets

United Hampshire US Reit’s H1 DPU falls 24.2% to US$0.0201

Revenue for the period rose 2.4% to US$36.9 million, mainly generated by new leases and rental escalations from existing lease

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