BHG Retail REIT reported net property income of S$29.0 million for the year ended 31 Dec 2025, underpinned by its focus on community-centric asset management and tenant partnerships. Gross revenue came in at S$55.1 million. Year-on-year comparisons were not disclosed in the manager’s results statement.

The trust declared a distribution per unit of 0.07 Singapore cent, translating to S$1.5 million to be paid on 31 Mar 2026 to unitholders on record.

By property, the six-asset portfolio—covering 311,691 sq m and 93.4 per cent committed occupancy—continued to benefit from resilient footfall at Beijing Wanliu, Chengdu Konggang and other community malls. New anchor tenancies such as Xiaoxiang Supermarket in Beijing and a flagship Miniso outlet in Chengdu bolstered everyday-needs and experiential retail offerings.

Operating headwinds persisted in the form of cautious consumer sentiment and broader macro-economic uncertainty in China; however, management pointed to stable essential spending and policy-driven support for domestic consumption as mitigating factors.

During the year the trust advanced several initiatives aimed at driving longer-term growth, including deeper data-led tenant curation, the rollout of technology-enabled supermarkets, and a series of ESG and community programmes that earned Beijing Wanliu Mall a Caring Business Award.

Chief executive officer Chan Iz-Lynn said the REIT’s performance reflected ongoing efforts to stabilise the portfolio, deepen tenant collaboration and keep the malls relevant as neighbourhood hubs. She noted that forthcoming fiscal measures—such as RMB 62.5 billion in consumer-goods subsidies scheduled for 2026—should provide a more favourable trading backdrop, and reiterated the manager’s commitment to proactive asset and capital management aimed at sustainable distribution growth.