Basic Profile & Key Statistics
Main Sector(s): RetailCountry(s) with Assets: United StatesNo. of Properties (exclude associate/fund): 23
Performance Highlight
Gross revenue and NPI increased YoY mainly due to contributions from Upland Square which was acquired in July 2022. However, due to higher interest expenses, distributable income only increases slightly. DPU on the other hand, is lower due to retention.
Divestment
On 31 Aug, UHREIT completed the divestment of Big Pine Center .
Construction of the new store expansion on ST. Lucie excess land has commenced and is expected to be completed in 2024.
Related Parties Shareholding
REIT Sponsor's Shareholding: Below median by 20% or moreREIT Manager's Shareholding: Below median by 20% or moreDirectors of REIT Manager's Shareholding: Above median by 20% or more
Lease Profile
Committed Occupancy: ± 5% from medianWALE: Above median by 20% or moreHighest Lease Expiry within 5 Years: Below median by 20% or more; Falls in 2027Weighted Average Land Lease
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