EC World REIT Reports 61.9% Drop in 2QFY2025 Gross Revenue, Net Property Income Falls 66.8%
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%.
EC World Real Estate Investment Trust reported a significant decline in its operating performance for the first half of the fiscal year 2025. Gross revenue fell by 56.0% year-on-year to S$22.6 million, down from S$51.2 million in 1HFY2024. Similarly, the Net Property Income (NPI) decreased by 60.3% to S$18.7 million from S$47.2 million in the previous year. This decrease was primarily attributed to the termination of master lease agreements upon lease expiry for several properties, including Chongxian Port Investment, Beigang Logistics Stage 1, and Fu Heng Warehouse. No distribution was made for 1HFY2025, and the aggregate leverage increased to 72.4% as of 30 June 2025, partly due to a decline in property valuations. Furthermore, the trading suspension of the units has been extended to 30 November 2025. The Manager of the trust is exploring options to resolve financial challenges, including restructuring existing facilities and divesting certain assets. The outlook for EC World REIT remains challenging, as the real estate sector in China faces difficulties, with investment in the sector falling by 11.2% year-on-year in the first half of 2025. Despite China’s GDP growth of 5.3% in the same period, mainly driven by manufacturing, it is unclear if this trend will continue in the latter half of the year. The Manager is actively working to mitigate interest rate and exchange rate risks amidst these uncertain market conditions. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EC World Real Estate Investment Trust published the original content used to generate this news brief on August 13, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
