BHG Retail REIT's Hefei Changjiangxilu Mall. (Photo: BHG Retail REIT)

China-focused BHG Retail REIT has reported a distribution per unit (DPU) of 1.09 Singapore cents for its 4Q 2018, a decrease of 17.4% year-on-year from 2017.

The REIT’s gross revenue for the period increased by 2.9% year-on-year to SGD17.2 million (USD12.7 million), but net property income (NPI) slipped by 0.1% to SGD11.1 million.

Subsequently, BHG Retail REIT's distributable income for the quarter fell by 14.1% to SGD4.1 million.

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By Shariffa Al-Habshee

Shariffa joined REITsWeek in 2017, and monitors Asia-Pacific REITs for the publication.