Basic Profile & Key Statistics EC World REIT (ECW) is a pure logistics REIT that owns 8 properties in China.
Performance Highlight Gross revenue, NPI, distribution to unitholders and DPU increased YoY by 30.9%, 20.9%, 32.9% and 39.6% respectively mainly due to the absence of one-off rental rebates given to tenants in 1Q20 and strengthening of RMB. There is an incident of displacement and collapse of a berth at Chongxian Port Investment on 30 April. The manager would provide further updates in due time.
Related Parties Shareholding
REIT sponsor's shareholding is high at 43.58%REIT manager's shareholding is slightly low at 0.86%Directors of REIT manager's shareholding is high at 43.74%
Lease Profile
Occupancy is high at 99.1%All income is received in RMBWALE is short at 3.1 yearsHighest lease expiry within 5 years is high at 74.3% which falls beyond 2024Weighted average land lease expiry is short at 36.75 years
Debt Profile
Gearing ratio is...