Yuexiu Real Estate Investment Trust ( (YUXXF) ) has released its Q2 earnings. Here is a breakdown of the information Yuexiu Real Estate Investment Trust presented to its investors.
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Yuexiu Real Estate Investment Trust (Yuexiu REIT) is a Hong Kong-based collective investment scheme primarily engaged in the management of a diversified portfolio of properties across Mainland China and Hong Kong, including office buildings, retail malls, hotels, and serviced apartments.
In its latest earnings report for the first half of 2025, Yuexiu REIT announced a decrease in gross income and net property income compared to the previous year, with gross income down by 6.6% to RMB966.1 million and net property income declining by 8.6% to RMB679.0 million. The REIT also reported a significant net loss after tax before transactions with unitholders, which increased by 732.5% year-on-year.
Key financial metrics revealed a decrease in property portfolio valuation by 1.0% to RMB41.889 billion and a decline in net assets attributable to unitholders by 2.2%. The distribution per unit also saw a reduction of 10.2% compared to the previous year. Despite these challenges, the REIT maintained a high occupancy rate in its properties, although it experienced slight declines in some areas.
The management has taken strategic actions to stabilize operations amidst challenging market conditions, including renewing leases in advance, investing in asset appreciation projects, and adjusting financing structures to mitigate interest rate impacts. The REIT also continues to integrate ESG standards into its business operations, achieving significant certifications for its properties.
Looking forward, Yuexiu REIT’s management remains cautiously optimistic, anticipating potential benefits from China’s economic policies and upcoming events like the 15th National Games. The company plans to continue enhancing its asset portfolio’s competitiveness while managing financing risks and costs effectively.