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
Distributable income and DPU are slightly higher than IPO forecast despite gross revenue and NPI are lower than forecast.
Some of the anchor tenants have shown improvement in sales for their 1Q result.
Carteret Self-Storage and Milburn Self-Storage continue to maintain a high level of occupancy while Elizabeth Self-Storage and Perth Amboy Self-Storage continue to trend upward. Note that the construction of Perth Amboy Self-Storage was only completed and started the lease in January 2021.
Related Parties Shareholding
- REIT sponsor's shareholding is low at 8.91%
- REIT manager's shareholding is low at 0%
- Directors of REIT manager's shareholding is low at 0.07%
Lease Profile
- Occupancy is moderate at 94.8%
- WALE is long at 8 years
- Highest lease expiry within 5 years is low at 9.5% which falls in 2024
- Weighted average land lease expiry is long at 97.33 years
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