EC World REIT’s NPI down 60.3% to $18.72m in H1 on lease expiries
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EC World REIT reported a significant decline in net property income (NPI), which fell 60.3% to $18.72 million in H1 2025, primarily due to lease expiries. Gross revenue also decreased by 56% to $22.56 million. In Q2 alone, NPI dropped 66.8% to $7.94 million, with gross revenue plunging 61.9% to $9.88 million. Accrued overdue rent receivables exceeded $57.2 million, while finance costs decreased by 7.5% to $21.2 million, despite higher interest rates on offshore loans.
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