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United Hampshire US REIT reports 1QFY21 distributable income of US$7.6 mil

The Edge Singapore
The Edge Singapore5/12/2021 8:58 PM GMT+08  • 2 min read
United Hampshire US REIT reports 1QFY21 distributable income of US$7.6 mil
UHREIT’s portfolio comprises 22 predominantly freehold “grocery and necessity” properties in the US worth US$585.5 million
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United Hampshire US Real Estate Investment Trust has reported distributable income of US$7.6 million for 1QFY21 ended March, 1.3% higher than the forecast given when it IPO just over a year ago.

Gross revenue in the same period was US$13.5 million, 1.9% lower than the forecast, and net property income was US$10.1 million, 1.8% lower than the forecast.

“Operationally, we have witnessed the resilience of our portfolio, backed by our cycle-agnostic tenants providing essential services,” says Robert Schmitt, CEO of the REIT manager.

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