---
title: "SUNLIGHT REIT (0435) last year's distributable income fell by 2.1%, with a dividend of 18.2 cents"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/278835720.md"
description: "SUNLIGHT REIT announced that the distributable income for last year was HKD 330 million, a year-on-year decrease of 2.1%; net property income fell by 5.27% to HKD 601 million. The final distribution per unit was HKD 0.091, with a total distribution of HKD 0.182 for the year, resulting in a distribution ratio of 96.1%. As of the end of last year, the overall property portfolio occupancy rate was 90.6%. The average rent for office and retail properties decreased by 3.4% and 2.6%, respectively. Company executives stated that although the recovery of retail rents will take time, the leasing interest from mainland brands has significantly increased"
datetime: "2026-03-12T07:14:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/278835720.md)
  - [en](https://longbridge.com/en/news/278835720.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/278835720.md)
---

# SUNLIGHT REIT (0435) last year's distributable income fell by 2.1%, with a dividend of 18.2 cents

Henderson Land (0012.HK) subsidiary real estate investment trust SUNLIGHT REIT (0435.HK) announced that the distributable income for the last fiscal year was HKD 330 million, a decrease of 2.1% compared to the same period in 2024; the net property income fell by 5.27% year-on-year to HKD 601 million. The final distribution per unit of the fund was HKD 0.091, with a total annual distribution of HKD 0.182, resulting in a distribution ratio of 96.1%.

As of December 31 last year, the overall occupancy rate of SUNLIGHT REIT's property portfolio was 90.6%. The corresponding figures for the office and retail property portfolio were 91.2% and 89.6%, respectively, with average current rents of HKD 31 per square foot and HKD 63.9 per square foot, representing year-on-year declines of 3.4% and 2.6%. The average renewal rate recorded for the property portfolio in the relevant year was 70%, while the negative growth in renewal rents was 9.3%.

The company's Director of Finance and Investor Relations, Ye Mei Ling, admitted that it may be too early to expect a recovery in retail rents at this stage, but noted a significant increase in leasing interest from mainland brands, feeling encouraged by the establishment of new leases for several properties in the portfolio.

CEO Wu Zhaoji stated that the malls under its management have introduced more mainland brands and will continue to balance the tenant mix in the future, expressing a welcome for more mainland brands to open stores in Hong Kong, hoping to achieve a flourishing business environment.

Among them, the target customer group for Sheung Shui Centre mainly consists of mainland tourists, thus more mainland brands will be introduced; as for Tseung Kwan O Metro City, positioned as a community mall, it has recently received leasing intentions from medical institutions and community services, which is expected to increase tenants in related industries

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