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

MT Newswires

08/13

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.

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