United Hampshire US REIT (UHREIT) has downplayed concerns over potential fallout from the tariffs enacted by President Donald Trump, despite the REIT drawing a significant volume of its rent from retail and grocery-related tenants.
In response to questions from REITsWeek at a 20 February conference call to discuss the REIT’s latest financial results, the REIT’s top executives expressed confidence that the impact of these measures on their portfolio would be minimal.
UHREIT reported on 19 February that it has achieved gross revenue of USD73.2 million for FY2024, a 1.4% increase from the USD72.2 million in FY2023.
However, the REIT’s net property income (NPI) declined 1.7% year-on-year to USD49.8 million.
Related: United Hampshire US REIT reports decline in FY2024 net income despite revenue bump
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