Sunlight REIT reports interim revenue of 382 million dollars

Henderson Sunlight Asset Management Limited, also known as Sunlight REIT, disclosed its interim results for the six months ending June 30, 2026 in Hong Kong. The property investment trust reported revenue of HK$382.4 million, a 2.2% decrease year-over-year. Net property income amounted to HK$299.7 million after accounting for property operating expenses of HK$82.7 million.

Distributable income for the period was HK$164.0 million, a 2.7% drop from the same period in the previous year. The board approved an interim distribution per unit of HK$8.8 cents, or 94.3% of net assets, yielding 8.1% annually based on the June trading price of HK$2.16 per unit. As of June 30, 2026, the REIT's portfolio had an appraised value of HK$17,118.1 million and gross and net assets of HK$17,728.3 million and HK$12,168.2 million, respectively.

The net asset value per unit stood at HK$6.92. At the end of the period, the overall occupancy rate of the Sunlight REIT portfolio was 90.8%, with office and retail portfolios at 92.0% and 88.4% respectively, and passing rents of HK$30.6 per sq. ft. and HK$62.2 per sq. ft. respectively, down 1.3% and 2.7% from six months prior.