Summary by Futu AI
Sunlight REIT managed by Hang Lung Sunlight Asset Management Limited announced the operational data for the quarter ended September 30, 2024. During the quarter, the overall property portfolio occupancy rate of Sunlight REIT was 91.1%, with the office property occupancy rate remaining at 91.3%, while the retail property portfolio occupancy rate slightly decreased to 90.8%. The current average rent is HKD 45.0 per square foot, but the renewal rent for the quarter saw negative growth of 3.6%. In terms of individual properties, Dah Sing Financial Centre's occupancy rate was 89.9% with a slight decrease in rent; Wilson House property occupancy rate rebounded to 94.3%; The Harvest Lake Centre occupancy rate decreased to 83.4%, reflecting cautious attitudes of tenants in uncertain economic environment. The tenants recorded occupancy rates of 90.7% and 92.6% for the shopping mall in the Sheung Shui Centre and Phase 1 of the New Town Plaza respectively. The operational data for the quarter shows varying property performance in different regions for Sunlight REIT, overall, the occupancy rates and rent levels remain stable.