SGX:ODBU

United Hampshire US REIT to Sell BJ's Quincy for $34 Million

United Hampshire US Real Estate Investment Trust (SGX:ODBU), through its subsidiary, has agreed to sell its property, BJ's Quincy, to 200 Crown for $34 million, according to a Thursday filing to the Singapore stock exchange.The loss on divestment based on the book value of the property of $33.7 million is estimated at $400,000, after taking into account the transaction-related expenses of approximately $700,000.The company plans to use the net proceeds from the divestment to repay existing debts, finance capital expenditure, fund potential acquisition opportunities, and for other general corporate requirements.

United Hampshire US REIT's DPU Up 3.4% in H1

United Hampshire US REIT's (SGX:ODBU) distribution per unit rose 3.4% during the first half of the year to $0.0216 from $0.0209 a year earlier, according to a Wednesday filing with the Singapore Exchange.Distributable income rose 5.8% to $13.7 million from $13.0 million in the year-ago period.Net property income rose 6.4% to $25.5 million from $24.0 million in the prior period.Gross revenue rose 5.8% year over year to 37.8 million from $35.7 million.Shares of the U.S. retail and self-storage REIT fell 2% in recent trading.

Beansprout Starts United Hampshire US Real Estate Investment Trust at Buy With $0.62 Price Target

United Hampshire US REIT's Distributable Income Up 10% in Q1

United Hampshire US REIT's (SGX:ODBU) distributable income jumped 10% in the first quarter to $6.9 million from a year earlier, according to a Wednesday filing with the Singapore Exchange.Net property income rose 13% year on year to $13.2 million.Gross revenue increased 8.7% year over year to $19.7 million, driven by new leases and rental escalations, including a high occupancy of 97.7% from the grocery and necessity portfolio.