During the quarter, the REIT reported a committed occupancy rate of 97.0%.
As at end-March, the REIT has a total of six properties in its portfolio with a valuation of RMB4.69 billion ($966.7 million).
As at end-March, the REIT’s total borrowings drawn down stood at $301.2 million with a gearing ratio of 35.0%. Its interest coverage ratio stood at 2.6x.
About 84% of its borrowings are denominated in Singapore dollars.
See also: MAS net profit rises to $19.7 bil in FY2024/25 with investment gains more than doubling y-o-y
Looking ahead, the REIT manager says it remains “focused and committed to proactively manage the existing portfolio, as well as to pursue growth”.
Scroll to continue
Units in BHG Retail REIT closed flat at 55 cents on May 11.
