Shares & Derivatives
United Hampshire US REIT’s 2H FY23 Result Review
By REIT-TIREMENT  •  March 10, 2024
Basic Profile & Key Statistics Key Indicators Performance Highlight Gross revenue and NPI remain similar YoY. However, income available for distribution and DPU declined YoY due to $1.3 mil retention and management elected to receive 100% of fees in cash which amounted to $1.5 mil. Development Construction of the new store expansion on ST. Lucie excess land was completed ahead of schedule and the new store commenced operations in November 2023. Related Parties Shareholding The directors of the REIT manager hold a relatively high proportion of shares, while the REIT sponsor and REIT manager hold a relatively low proportion. Lease Profile The WALE is long and the lease expiry is well spread. Additionally, most properties are freehold. Debt Profile The overall debt profile falls within the median range with 0% unsecured debt being less favorable. Diversification Profile The portfolio demonstrates geographical and property diversification, although tenant contributions are concentrated. Key Financial Metrics Property yield and operating distributable income on capital are...
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By REIT-TIREMENT
I am Vince and welcome to my blog. I started this blog on 1st January 2019. Since the start of my investment journey, I have been fond of REITs because of its dividends. REITs allowed you to become a property landlord and get rental income without having to fork out large sum of initial capital, look out for tenant as well as manage the properties ...
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