BHG Retail REIT announced its unaudited business update for the quarter ended Sep, 30 2025 on Nov, 11 2025.
The trust’s six-property portfolio in China recorded a committed occupancy rate of 94.2%, covering 179,290 sq m of net lettable area. Weighted average lease expiry stood at 4.4 years by net lettable area and 2.3 years by gross rental income. Portfolio valuation was reported at RMB 4.73 billion, with Beijing Wanliu remaining the largest asset.
Property-level occupancy rates were 96.8% at Beijing Wanliu, 95.0% at Chengdu Konggang, 90.7% at Hefei Mengchenglu, 83.0% at Hefei Changjiangxilu and 100.0% at both Xining Huayuan and Dalian Jinsanjiao.
Aggregate borrowings amounted to S$304.9 million, translating into a gearing ratio of 42.0%. Average cost of debt was 4.4%, while the interest-coverage ratio came in at 1.8 times.
During the quarter the REIT brought in new tenants such as IM Motors, Xiaomi and Dairy Queen, strengthened its experiential offerings through events and workshops, and continued sustainability initiatives focused on energy efficiency and community engagement.
Looking ahead, the manager said it will pursue proactive asset management, asset enhancement opportunities and selective acquisitions to drive organic and inorganic growth.