\n<\/p>\n
\n Advancing Sustainability <\/p>\n
HONG KONG SAR –\u00a0Media
\u00a0<\/sub><\/p>\n
While
\u00a0<\/sub><\/p>\n
The
\u00a0<\/sub><\/p>\n
The
\u00a0<\/sub><\/p>\n
Operating Highlights<\/b><\/p>\n
\u00a0<\/sub><\/p>\n
The
\u00a0<\/sub><\/p>\n
Amidst a
During the Year, Sunlight REIT made initial foray into sustainable finance and medium term
Mr. Wu Shiu Kee,
\u00a0<\/p>\n
Remarks:
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u00a0<\/p>\n Financial
(in HK$’ million, unless otherwise
\u00a0<\/p>\n
\n <\/td>\n
<\/p>\n 2021<\/b><\/p>\n
\n <\/td>\n
<\/p>\n 2020<\/p>\n
\n <\/td>\n
<\/p>\n Change<\/p>\n
<\/p>\n \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (%)<\/p>\n
\n <\/td>\n
For the year ended 30 June:<\/b><\/p>\n
\n <\/td>\n
Revenue<\/p>\n
\n <\/td>\n
<\/p>\n 799.3<\/b><\/p>\n
\n <\/td>\n
<\/p>\n 854.6<\/p>\n
\n <\/td>\n
<\/p>\n (6.5)<\/p>\n
\n <\/td>\n
Net
\n <\/td>\n
<\/p>\n 639.7<\/b>
\n <\/td>\n
<\/p>\n 684.7<\/p>\n
\n <\/td>\n
<\/p>\n (6.6)<\/p>\n
\n <\/td>\n
Loss
\n <\/td>\n
<\/p>\n (233.7)<\/b>
\n <\/td>\n
<\/p>\n (751.4)<\/p>\n
\n <\/td>\n
<\/p>\n \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a068.9<\/p>\n
\n <\/td>\n
Annual distributable income<\/p>\n
\n <\/td>\n
<\/p>\n 438.3<\/b>
\n <\/td>\n
<\/p>\n 467.0<\/p>\n
\n <\/td>\n
<\/p>\n (6.1)<\/p>\n
\n <\/td>\n
Distribution
\n <\/td>\n
<\/p>\n 25.6<\/b>
\n <\/td>\n
<\/p>\n 26.8<\/p>\n
\n <\/td>\n
<\/p>\n (4.5)<\/p>\n
\n <\/td>\n
Payout ratio (%) <\/p>\n
\n <\/td>\n
<\/p>\n 97.5<\/b>
\n <\/td>\n
<\/p>\n 95.2<\/p>\n
\n <\/td>\n
<\/p>\n \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 N\/A<\/p>\n
\n <\/td>\n
\u00a0<\/p>\n
\n <\/td>\n
At 30 June: <\/b><\/p>\n
\n <\/td>\n
Portfolio
\n <\/td>\n
<\/p>\n 18,341.7<\/b><\/p>\n
\n <\/td>\n
<\/p>\n \u00a0 \u00a018,918.0<\/p>\n
\n <\/td>\n
<\/p>\n (3.0)<\/p>\n
\n <\/td>\n
Net
\n <\/td>\n
<\/p>\n 14,124.3<\/b><\/p>\n
\n <\/td>\n
<\/p>\n \u00a014,771.2<\/p>\n
\n <\/td>\n
<\/p>\n (4.4)<\/p>\n
\n <\/td>\n
Net
\n <\/td>\n
<\/p>\n 8.45<\/b><\/p>\n
\n <\/td>\n
<\/p>\n \u00a08.89<\/p>\n
\n <\/td>\n
<\/p>\n (4.9)<\/p>\n
\n <\/td>\n
Gearing
\n <\/td>\n
<\/p>\n 23.0<\/b><\/p>\n
\n <\/td>\n
<\/p>\n 21.6<\/p>\n
\n <\/td>\n
<\/p>\n \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 N\/A<\/p>\n
\n <\/td>\n
Disclaimer: The
Advancing Sustainability HONG KONG SAR –\u00a0Media
OutReach\u00a0– 7
September 2021 –\u00a0Henderson Sunlight Asset Management Limited (the “Manager“) announces the final results
of Sunlight REIT for the year ended 30 June 2021 (the “Year“).
\u00a0
While
the global economy staged a strong recovery in the first half of 2021 as a
result …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17376"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=17376"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/17376\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=17376"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=17376"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=17376"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOutReach<\/a>\u00a0– 7
\nSeptember 2021 –\u00a0Henderson Sunlight Asset Management Limited<\/a> (the “Manager<\/b>“) announces the final results
\nof Sunlight REIT for the year ended 30 June 2021 (the “Year<\/b>“).<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nthe global economy staged a strong recovery in the first half of 2021 as a
\nresult of extraordinary monetary and fiscal stimulus packages launched to
\nrelieve the ravages of COVID-19, protracted travelling and social distancing
\nrestrictions continued to take their tolls on the commercial real estate
\nsector. Accordingly, net property income (“NPI<\/b>“)
\nof Sunlight REIT for the Year registered a decline of 6.6% to HK$639.7 million,
\nwhile annual distributable income was down 6.1% from the preceding year to HK$438.3
\nmillion.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nBoard has resolved to declare a final distribution of HK 13.1
\ncents per unit. Together with an interim distribution of HK 12.5 cents per
\nunit, the total distribution per unit for the Year would amount to HK 25.6
\ncents, implying a payout ratio of 97.5% (FY2019\/20: 95.2%).<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nappraised value of Sunlight REIT’s property portfolio was HK$18,341.7 million
\nat 30 June 2021, representing a decrease of 3.0% compared with a year ago. Consequently,
\nits net asset value dropped 4.4% to HK$14,124.3 million, or HK$8.45 per unit.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nentire portfolio of Sunlight REIT recorded an average occupancy rate of 93.7%
\nat 30 June 2021 (30 June 2020: 95.7%). Occupancy rate of the office portfolio
\nwas 92.4% (30 June 2020: 95.6%), while the corresponding figure of the retail
\nportfolio was 96.5% (30 June 2020: 95.8%). Average passing rent of the office
\nportfolio was HK$36.7 per sq. ft. at 30 June 2021, up 0.5% from a year ago,
\nwhile that of the retail portfolio was HK$70.4 per sq. ft., down 5.9% year on
\nyear. Average negative rental reversion of the portfolio for the Year was 6.2%.<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nchallenging operating environment, the Manager is delighted to announce the
\naddition of Dah Sing Bank, Limited as a major tenant of (the renamed) Dah Sing
\nFinancial Centre during the Year, which contributed to the 7.8% improvement in
\npassing rent despite a decline in NPI of 9.9%. Meanwhile, NPI of Strand 50
\nincreased by 9.8%, reflecting the property being successfully transformed into
\nan appealing modern workplace in the core of the Sheung Wan district. On the
\nretail front, the performance of Sheung Shui Centre Shopping Arcade was
\nhampered by social distancing restrictions and border controls, causing an
\n11.8% decrease in its NPI.\u00a0Gratifyingly, Metro City Phase I Property continued to demonstrate its resilience as a community shopping mall mostly catered to non-discretionary consumption, recording a mild retreat in NPI of 3.8%.<\/p>\n
\n
<\/p>\n
\nnotes, successfully raising a total of over HK$1,800 million. This demonstrates
\nthe credit quality of Sunlight REIT and its firm commitment to sustainability. <\/p>\n
\n
\n
\n
<\/p>\n
\nKeith, Chief Executive Officer<\/b> of the Manager said, “We are cautious but
\nhopeful about the prospects for the macro environment ahead. Both the office
\nand retail markets appear to have seen the bottom, although the extent of
\nrecovery critically depends on the pace at which COVID-19 recedes and the
\neffectiveness of the measures implemented by various governments to restore
\neconomic vigour. Despite a transitory setback in income performance, the
\nfundamentals of Sunlight REIT remain sturdy.\u00a0
\nWith a firm foundation established over the course of 15 years, it is
\nwell-positioned to ride out the storm and to prudently expand its business,
\nassuring unitholders with a sustainable growth in distributions over the long
\nterm.”<\/p>\n
\n
<\/p>\n
\n
<\/p>\n
\nAttached financial highlights of FY2020\/21 Final Results of Sunlight REIT.<\/i><\/p>\n
\n
<\/p>\n
\nHighlights of FY2020\/21 Final Results:<\/b><\/p>\n
\n
<\/p>\n
\nspecified)<\/p>\n
\n
<\/p>\n\n\n
\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n property income<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n after taxation<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n per unit (HK cents) <\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n valuation<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n asset value<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n asset value per unit (HK$)<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n\n
<\/p>\n
\n ratio (%)<\/p>\n
<\/p>\n
<\/p>\n
<\/p>\n
\n <\/tr>\n<\/tbody>\n<\/table>\n
\ninformation contained in this press release does not constitute an offer or
\ninvitation to sell or the solicitation of an offer or invitation to purchase or
\nsubscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.\u00a0<\/p>\n<\/p><\/div>\n\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"