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Prosperity REIT 2022 Interim Results

Prosperity REIT 2022 Interim Results

  • Distribution per unit (“DPU”) decreased by 2.9% Y-o-Y to HK$0.0875, representing an annualized distribution yield of 7.3%1.
  • Unit buyback enhanced DPU and net asset value per unit (“NAV per unit”), benefitting Prosperity REIT and unitholders.
  • Occupancy rate remained robust at 96.0% amid tough market conditions.
  • Net property income (“NPI”) decreased by 4.5% Y-o-Y with cost-to-revenue ratio at 21.2%.
  • Prudent interest rate hedging arrangement as risk management.
  • Completion of main lobby renovation and commencement of East Rail Line Cross-Harbour Extension bolster the competitive edge of The Metropolis Tower.
  • Continuous strides towards achieving our “Sustainability Vision 2030” demonstrated by multiple green initiatives.