- United Hampshire US REIT reported DPU of 2.09 US cents for 1H25 (+4.0% y-o-y), which is in line with our expectations. 2Q25 represents the second consecutive quarter of DPU growth on a y-o-y basis.
Organic growth accompanied by asset recycling.
- - Read this at SGinvestors.io -
- On a same-store basis, revenue and NPI saw modest growths 2.6% and 2.4% y-o-y respectively, reflecting organic growth from higher rents for new leases and rental escalation for existing leases.
Robust operational performance with high occupancy rates.
- United Hampshire US REIT executed 15 leases totalling over 82,395sf, including a new 5,000sf store pre-leased to Florida Blue on a 10-year lease. It clocked positive rental reversion in the low single-digits.
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- Tenants providing essential services accounted for 58% of base rental income.
Benefitting from lower interest rates.
- Read more at SGinvestors.io.
