The manager of pure-play China Retail REIT BHG Retail REIT announced a DPU or 0.89 cent for 1H20, a significant 80.1% drop from 2.08 cents declared in 1H19, with distributable amount to unitholders plunging by 52.1% to $4.3 million from $9.0 million in 1H19.

As at end-June, the REIT’s portfolio comprises six retail properties, Beijing Wanliu (60%), Hefei Mengchenglu, Chengdu Konggang, Dalian Jinsanjiao and Xining Huayuan located in Tier 1, Tier 2 and other cities of significant economic potential in China.

Gross revenue for the period came in at $27.8 million, 27.0% lower than $38.1 million a year ago.

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