During the quarter, the REIT reported a committed occupancy rate of 96.6%.
As at Sept 30, the REIT has a total of six properties in its portfolio with a valuation of RMB4.72billion ($874.2 million).
For the same period, the REIT’s total borrowings drawn down stood at $299.3 million with a gearing ratio of 407%. Its interest coverage ratio stood at
About 84% of its borrowings are denominated in Singapore dollars.
See also: Marco Polo Marine's FY2025 earnings up 169.7% y-o-y on one-off gains and higher chartering income
Moving forward, the REIT manager says it remains “focused and committed to proactively manage the existing portfolio, as well as to pursue growth”.
Units in BHG Retail REIT (SGX:BMGU
) closed 3 cents lower, or down 6.12%, at 46 cents on Nov 12.
