SF Reit’s distributable income falls 7.3% in first half as occupancy holds steady
SF Reit, Hong Kong’s first real estate investment trust to focus on logistics properties, saw its distributable income fall by 7.3 per cent year on year to HK$110.7 million (US$14.11 million) in the first half of the year. The firm – which is controlled by the Chinese logistics giant SF Holding – recorded total revenue of HK$219.3 million for the first six months of 2026, down 4.6 per cent from a…
SF Reit, a logistics-focused real estate investment trust based in Hong Kong, experienced a 7.3% decrease in distributable income during the first half of 2026 compared to the same period in 2025. The company's total revenue decreased by 4.6% year-on-year, reaching HK$219.3 million. Net property income also declined by 7.1% to HK$178.4 million.
Despite these challenges, SF Reit maintained a steady occupancy rate of 96.8% for its Hong Kong logistics assets and 96.9% as of December 2025. The company attributed its performance to the ongoing transition of the logistics property market from adjustment to stabilization, driven by e-commerce, third-party logistics, and specialized industrial sectors.
SF Reit's CEO, Alan Lam Chung Chi, emphasized the importance of major lease renewals with SF Holding, providing a stable income stream and occupancy rate. The company's portfolio value increased by 0.6% to HK$6.21 billion, driven in part by an appreciation in the yuan.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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