Hui Xian Real Estate Investment Trust (87001) said its amount available for distribution for the six months ended 30 June 2016 rose 8.1% year-on-year to Rmb805 million.
Distribution per unit amounted to Rmb14.39 cents, an increase of 5.6% from a year earlier. This represented an annualised distribution yield of 9.1% based on the closing unit price of Rmb3.17 on 30 June 2016.
Total revenue amounted to Rmb1,575 million, up 1.8% year-on-year. Such revenue is not strictly comparable to the prior year's figure due to the introduction of value-added tax (VAT) to construction, real estate, financial services and consumer services sectors starting from 1 May 2016. The year-on-year growth of revenue net of business tax and VAT for both 2015 and 2016 would be 3.4%.
Net property income rose 6.3% year-on-year to Rmb1,098 million.
The interim distribution is expected to be payable on 29 September 2016.
27/07/2016 08:40
Hui Xian REIT (87001) 1H distributable income up 8.1%
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