BHG Retail REIT posts 95% committed occupancy rate in Q1 FY2025
BHG Retail REIT reported a committed occupancy rate of 94.9% across six properties valued at $1.38 billion as of March 31, 2025. The REIT's weighted average lease expiry (WALE) is 2.8 years by gross rental income, extending to 4.9 years by committed net lettable area. Approximately 72% of gross rental income comes from the experiential segment. The REIT extended its secured term loan facilities for three years, with a gearing ratio of 40.2%, an average cost of debt of 5%, and an interest coverage ratio of 1.8 times. Aggregate borrowings totaled $298.6 million.
It reported a WALE of 2.8 years by gross rental income.
BHG Retail REIT recorded a committed occupancy rate of 94.9% across six properties valued at $1.38b (RMB7.73b) as of 31 March 2025.
The REIT reported a weighted average lease expiry (WALE) of 2.8 years by gross rental income for the quarter. When measured by committed net lettable area, the WALE extends to 4.9 years.
It noted that close to 72% of the REIT’s gross rental income and 78% of its net lettable area come from the experiential segment, excluding fashion and accessories.
During the quarter, the REIT successfully extended its secured term loan facilities for another three years.
The REIT’s gearing ratio stood at 40.2%, with an average cost of debt of 5% and an interest coverage ratio of 1.8 times.
Meanwhile, aggregate borrowings drawn down amounted to $298.6m.
