St Lucie West - Publix (United Hampshire US REIT)St Lucie West - Publix (United Hampshire US REIT)

Data from United Hampshire US REIT’s latest disclosure is in the Singapore REITs table.

United Hampshire US REIT (UHREIT) disclosed on 22 February that its gross revenue for 2022 came in 22.2% higher year-on-year at USD67.4 million.

Correspondingly, the REIT’s distributable income of USD33.1 million is an increase of 6.2% over the USD31.2 million achieved in FY2021.

However, its distribution per unit (DPU) for the year came in at 5.88 US cents, 3.6% lower year-on-year compared to what was achieved in 2021.

The REIT has pointed to factors such as distribution top-ups in previous years to explain the fall in DPU.

The REIT’s gearing has decreased slightly to 41.8% while its portfolio occupancy has improved marginally to 96.9% from 96.7% in the previous quarter.

UHREIT was last done on the Singapore Exchange at USD0.505, which presently implies a distribution yield of 11.64% according to data on the Singapore REITs table.

By Shariffa Al-Habshee

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