Summary by Futu AI
Yuexiu Property Trust Fund announced its results for the year ended 31 December 2023 with total revenues of RMB2,086,855,000, up 11.4% from the same period in 2022. Net property income was RMB1,475,262,000, an increase of 8.8%. After-tax loss decreased significantly to RMB3,955,000, down 99.2% from RMB510,940,000 in the same period last year. The profit of each fund unit translates from a loss of RMB0.12 in the previous year to a profit of RMB0.001. The valuation of the property portfolio increased slightly to RMB 42,559,146,000. The net asset value of each fund unit holder decreased from RMB3.37 to RMB3.18. Total distributions decreased 23.2% and distributions per fund unit decreased from RMB 0.1306 to RMB 0.0924. Yuexiu Property Fund will record final distributions on April 11, 2024 and be paid on May 24, 2024.