China-focused REITs dogged by currency troubles despite robust operations

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Financial results filed for 2Q 2019 indicate that two Singapore-listed REITs with a focus on China may be reeling from currency woes facing the RMB.

The REITs are namely BHG Retail REIT and EC World REIT, both of which reported their results over the past week.

The latter, for example, saw high portfolio occupancy and weighted average lease expiry (WALE) by gross rental income of 99% and 4.6 years respectively.

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