Occupancy And DebtPortfolio occupancy stood at 98.5% at end-3Q25, with no debt due for refinancing until FY28F.
Tenant Sales Growth3Q25 tenant sales grew by 10.8% yoy, thanks to successful marketing campaigns in Chongqing outlets and completion of AEIs at Hefei outlet.
VIP Membership ContributionVIP members contributed more than 60% of portfolio sales in 3Q25, indicating strong customer loyalty and engagement.