United Hampshire US REIT (UHREIT) posted a 6.4 per cent rise in net property income to US$25.5 million for the six months ended Jun 30, 2026, as contributions from two newly acquired grocery-anchored centres and higher rents from existing tenants lifted earnings. Gross revenue grew 5.8 per cent year-on-year (YoY) to US$37.8 million.
The trust generated distributable income of US$13.7 million, up 5.8 per cent YoY, supporting a distribution per unit (DPU) of 2.16 US cents, 3.4 per cent higher than a year earlier. Based on the Jun 30 closing price of US$0.515, the 12-month trailing yield stood at 8.7 per cent. No payment schedule was disclosed.
Performance was buoyed by the first full-period contributions from Dover Marketplace and Wallingford Fair Shopping Center, together with contractual rental escalations and more than 260,000 sq ft of new and renewal leases across the Grocery & Necessity portfolio. That segment’s committed occupancy held at 97.6 per cent with a weighted average lease expiry (WALE) of 7.9 years, while occupancy at the two self-storage assets improved 4.3 percentage points to 93.5 per cent.
On the balance-sheet front, net aggregate leverage was 39.7 per cent. The weighted average interest rate fell for a fifth consecutive period to 4.89 per cent, and the trust faces no debt maturities until February 2028.
Looking ahead, the manager plans to pursue “disciplined capital recycling” and selective acquisitions, supported by what it says is a strong balance sheet and favourable US consumer-spending trends. It will continue to emphasise proactive leasing, asset enhancement and maintaining high occupancy to underpin stable distributions.
Chief executive officer Gerard Yuen noted that healthy leasing momentum, rent escalations and the positive performance of recent acquisitions drove the interim results, even as interest costs declined. He added that the essential-retail focus and limited near-term expiries leave the portfolio well placed to navigate an evolving macroeconomic environment while capturing growth opportunities.