United Hampshire US REIT (UHREIT) posted a year-on-year increase in gross revenue and portfolio valuation for its FY2024, despite a decline in distributable income due to higher interest expenses and the impact of recent divestments.
UHREIT reported gross revenue of USD73.2 million for FY2024, a 1.4% increase from USD72.2 million in FY2023.
The growth was supported by new leases, rental escalations, and the contribution of the Academy Sports + Outdoors store at St. Lucie West, which commenced operations in November 2023.
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