EC World REIT Reports 61.9% Drop in 2QFY2025 Gross Revenue, Net Property Income Falls 66.8%
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EC World Real Estate Investment Trust reported a 61.9% drop in gross revenue for 2QFY2025, totaling S$22.6 million, and a 66.8% decline in net property income to S$18.7 million. The declines were due to the termination of master lease agreements for several properties. No distribution was made for 1HFY2025, and aggregate leverage increased to 72.4%. The trading suspension of units has been extended to 30 November 2025. The outlook remains challenging amid a declining real estate sector in China, despite a GDP growth of 5.3%.
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