China Portfolio UnderperformanceUnderperformance at key malls in China drove a decline in China portfolio revenue, weighing on overall earnings recovery and regional diversification benefits.
Distribution And DPU PressureDistribution income missed expectations and fell around 5.6% year-on-year while DPU also declined, underscoring downside risk to investor payouts.
Hong Kong Rental ReversionAnalyst flags weakened rental reversions in the Hong Kong retail portfolio, falling roughly 6.4%, which signals ongoing pressure on rental income and a cautious rental outlook.