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United Hampshire US REIT sees 1HFY2022 DPU dip by 4.6% y-o-y to 2.91 US cents

Felicia Tan
Felicia Tan8/12/2022 10:30 AM GMT+08  • 2 min read
United Hampshire US REIT sees 1HFY2022 DPU dip by 4.6% y-o-y to 2.91 US cents
Upland Square Shopping Center. Photo: United Hampshire US REIT
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The manager of United Hampshire US REIT (UHREIT) has declared a distribution per unit (DPU) of 2.91 US cents (3.99 cents) for the 1HFY2022 ended June, 4.6% lower y-o-y.

During the period, the REIT had a total of 559.95 million units in issue compared to the 498.5 million units in the same period the year before.

Gross revenue in the 1HFY2022 increased by 18.5% y-o-y to US$31.8 million mainly due to the contributions from Colonial Square and Penrose Plaza and the improved performance from Self-Storage Properties. Colonial Square and Penrose Plaza were both completed in November 2021.

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