Shares & Derivatives
United Hampshire US REIT Review @ 1 March 2021
By REIT-TIREMENT  •  March 1, 2021
Basic Profile & Key Statistics United Hampshire US REIT (UHREIT) invests in Retail and Logistics (self-storage) properties which currently owns 22 properties in U.S. Performance Review For 2H 2020, Gross revenue and NPI are slightly lower than forecast but distributable income and DPU are higher than forecast. Total US$ 3.27 million is recognized in 2020, the balance of US$ 3.25 million would be utilized in 2021 and 2022 as per IPO prospectus. Lease Profile
  • Occupancy is moderate at 94.7%
  • WALE is long at 8.2 years
  • Highest lease expiry within 5 years is low at 10.6% which falls in 2024
  • Weighted average land lease expiry is low at 97.34 years
Debt Profile
  • Gearing ratio is moderate at 36.2%
  • Cost of debt is moderate at 2.8%
  • All debts are fixed rate debts
  • All debts are secured debts
  • WADE is long at 3.56 years
  • Highest debt maturity within 5 years is high at 42.1% is which falls in 2023.
  • Interest coverage ratio is high at 6.3 times
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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