St Lucie West - Publix (United Hampshire US REIT)

Data from United Hampshire US REIT’s latest results have been updated into the Singapore REITs table.

United Hampshire US REIT disclosed on 12 August that its gross revenue and net property income for 1H 2021 came in at USD26.8 million and USD20.5 million respectively.

These missed the REIT’s forecasts at its initial public offering (IPO) by 3.4% and 0.5% respectively.

This was mainly due to the impact of COVID-19, which affected leasing activities at its properties, said the REIT.

But bolstered by top-up income at one of its self-storage properties, the REIT’s distributable income for 1H 2021 was USD15.2 million, 1.5% higher than IPO forecast.

Accordingly, 1H 2021 distribution per unit (DPU) was USD3.05 cents, exceeding forecast by 1.0%.

The REIT’s full disclosure on its results can be viewed here.

United Hampshire US REIT was last done on the Singapore Exchange at USD0.765, which currently implies a distribution yield of 7.06% according to data compiled on the Singapore REITs table.

By Shariffa Al-Habshee

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