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 Highlight Gross revenue and NPI are lower than forecast for 1.9% and 1.8% respectively but distributable income is 1.3% higher than forecast.
ST. Lucie West development has completed ahead of schedule and the new Publix store is open on 15th Apr 2021.
Related Parties Shareholding
REIT sponsor's shareholding is low at 8.93%REIT manager's shareholding is low at 0.06%Directors of REIT manager's shareholding is moderate at 0.13%
Lease Profile
Occupancy is moderate at 93.9%WALE is long at 8.1 yearsHighest lease expiry within 5 years is low at 10.3% which falls in 2023Weighted average land lease expiry is long at 97.34 years
Debt Profile
Gearing ratio is moderate at 37.5%Cost of debt is high at 2.79%Fixed rate debt % is high at 70.6%All debts are secured debtsWADM is slightly long at...