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United Hampshire US REIT reports distributable income of US$7.4 million for 3QFY20

The Edge Singapore
The Edge Singapore11/12/2020 09:08 PM GMT+08  • 2 min read
United Hampshire US REIT reports distributable income of US$7.4 million for 3QFY20
United Hampshire US REIT’s portfolio is valued at US$599.2 million
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United Hampshire US REIT has announced a distributable income for the period 1 July 2020 to 30 September 2020 was US$7.4 million, 0.5% higher than the forecast made when it went IPO in March this year.

“This underscores the resilience of our portfolio, with a majority of the REIT’s tenants in essential services,” says Robert Schmitt, CEO of the REIT’s manager.

“Following the easing of lockdown measures, all our tenants have re-commenced business operations and our key grocery and home improvement tenants including BJ’s, Lowes, The Home Depot and Walmart have recorded 9.3% to 35.1% increases in sales year-on-year in 2Q 2020, continuing to perform extremely well during the COVID-19 pandemic,” he

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