I thought that United Hampshire US REIT ("UHREIT) released another poignant set of of 2nd half and also full year 2024 results amidst the inflation nightmare as well as the higher interest rate environment driving up financing cost. I am heavily vested in UHREIT, hence keeping a close eye on it. Despite grave disappointment over the past 3 years where we saw the market price of UHREIT as well as its distributable income dropping non-stop, there is still some consolation in that its latest balance sheet has strengthen with aggregate leverage ratio declining to 38.9%. This is certinaly remarkable given that it used to be towering near the 42%+ range. Let me just do a quick recap of the financial summary from FY2022 to FY2024 below.

1. 2023 vs 2022- Spike in Finance Cost Dragging Down Overall Results in 2023

Finance cost was a major killer in FY2023 which increased by a whopping +32.2% from US$12.2 Mil in 2022 to US$16.1 Mil in 2023....