TC

23/07/2014 17:01

Hui Xian REIT (87001) interim distributable income up 7.6%

    Hui Xian Real Estate Investment Trust (87001) said the amount available for distribution for the six months ended 30 June 2014 rose 7.6% year-on-year to Rmb663 million.
  Distribution per unit (DPU) was Rmb12.71 cents, up 5.7% year-on-year. This translated into an annualised distribution yield of 7.65% based on the closing unit price of Rmb3.35 on 30 June 2014.
  Total revenue amounted to Rmb1,383 million, an increase of 4.9% year-on-year. Net property income was Rmb940 million, posting a year-on-year growth of 8.1%. Gross asset value amounted to Rmb42,054 million and net asset value attributable to unitholders amounted to Rmb28,426 million, representing a 3.3% and a 1.7% growth respectively compared to those as at 31 December 2013.
  The interim distribution is expected to be payable on 25 September. 

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