Summary by Futu AI
SUNSHINE REAL ESTATE INVESTMENT TRUST FUND (“SUNSHINE REAL ESTATE FUND”) ANNOUNCES UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 DECEMBER 2023. During the period, Sunshine Property Fund revenue increased 7.9% to HK$419.2 million and net property income increased 5.1% to HK$323.2 million. Profit after tax translated into a profit of HK$79.7 million from a loss of HK$274.4 million in the same period last year. However, distributable income fell 18.1% to HK$162.3 million and distributions per fund unit fell 18.2% to HK$9.0 cents. The valuation of the property portfolio fell slightly by 0.2% to HK$18,480.6 million and the net asset value declined by 0.9% to HK$13,544.6 million. Over the period, the office and retail property portfolio recorded growth in renewal rents of 3.3% and 0.8%, respectively. The rental rate for...Show More