United Hampshire US Reit
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
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
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
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
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
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
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
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’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
United Hampshire US Reit reports 19% lower distributable income of US$6.4 million
The distributable income decline is also partly due to less-favourable new interest rate hedges which replaced maturing hedges
