A property of United Hampshire US REIT, Hudson Valley Plaza. (Image: Google Maps)

United Hampshire US REIT (UHREIT) has explained several issues that were disclosed in its full-year financial results for 2021, including an almost 10% fall in valuation seen by one of its assets.

UHREIT reported on 23 February that its distributable income for 2H 2021 was up by 6.4% year-on-year and 4.6% above the forecast made during its initial public offering (IPO).

Accordingly, its FY2021 distribution per unit (DPU) of 6.10 US cents exceeds the IPO forecast by 0.2%.

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By Ridzwan Rahmat

Ridzwan has been analysing REITs and business trusts since 2008, and personally manages a portfolio comprising mainly of SGX-listed REITs. He founded REITsWeek in 2013.