BHG Retail REIT posts 95% committed occupancy rate in Q1 FY2025
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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.
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