Basic Profile & Key Statistics
EC World REIT (ECW) is a logistics REIT that owns 8 properties in China.
Performance Highlight
Gross revenue and NPI increased mainly due to positive straight-line adjustment and strengthening of RMB, however, the actual quarter distributable income has decreased YoY. ECW has released part of the retention in this quarter.
Related Parties Shareholding
- REIT sponsor's shareholding is high at 43.53%
- REIT manager's shareholding is moderate at 0.98%
- Directors of REIT manager's shareholding is high at 43.81%
Lease Profile
- Occupancy is high at 99.1%
- All income is received in RMB
- WALE is short at 3 years
- Highest lease expiry within 5 years is high at 74.9% which falls in 2024
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