Summary by Futu AI
Sunlight Real Estate Investment Trust ("Sunlight REIT") released its second interim report for the 2023/24 fiscal year, showing that its property portfolio is valued at HKD 18,418.6 million. It is managed by the manager, Hengli Real Estate Limited, under Hengli Sunlight Asset Management Limited, and achieved a profit growth of 6.0% to HKD 830.2 million for the 12 months ending on June 30, 2024. During the same period, the net asset value per fund unit decreased from HKD 8.06 to 7.87, and the distribution per fund unit decreased from 22.0 HK cents to 18.1 HK cents. The occupancy rate of Sunlight REIT is 91.6%, with average prevailing rents for office and retail properties at HKD 33.6 per square foot and HKD 66.7 per square foot respectively. During the reporting period, the manager repurchased 2,000,000 fund units on behalf of the fund at the Stock Exchange of Hong Kong and has already cancelled all of them.