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United Hampshire US REIT grows distributable income in 3Q21 with accretive acquisitions

Jovi Ho
Jovi Ho11/10/2021 05:55 PM GMT+08  • 3 min read
United Hampshire US REIT grows distributable income in 3Q21 with accretive acquisitions
The acquisitions are expected to complete and contribute to UHREIT’s portfolio from 4QFY2021.
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United Hampshire US REIT (UHREIT) saw 4.1% y-o-y growth in distributable income of US$7.7 million for 3QFY2021 ended September.

Supported by a resilient portfolio, gross revenue and net property income (NPI) for 3QFY2021 rose 5.8% and 6.1% y-o-y to US$13.6 million and US$10.3 million respectively.

In its business update for the third quarter, CEO Robert Schmitt highlights two DPU-accretive acquisitions in the US: Penrose Plaza in Pennsylvania and Colonial Square in Virginia. “During the quarter, we announced our very first acquisitions since IPO, strategically adding two dominant grocery-anchored freehold assets to our high-quality portfolio in the Eastern seaboard, where we have strong familiarity."

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