Net Property Income rose 4% to $21.3 million from $20.5 million despite higher property-related tax expenses in Beijing Wanliu Mall due mainly to the increase in rental revenue.
Chan Iz-Lynn, CEO of BHG Retail Trust Management, says, “Looking ahead, we will continue to identify opportunities to value-add and enhance our malls organically, at the same time pursue opportunities that are DPU-yield accretive, and strive to deliver sustainable returns to our unitholders.”
Units in BHG Retail REIT closed at 74 cents on Tuesday.
