Regal Real Estate Investment Trust (01881.HK) announced its interim performance for the period ending June 2024, with a pre-distribution loss of 19.804 million yuan, which resulted in a loss compared to a profit of 0.105 billion yuan in the same period of 2023. After adjusting for the loss attributable to fund unit holders, the loss expanded to 43.8 million yuan on an annual basis, compared to a loss of 19.4 million yuan in the same period last year. The loss per fund unit holder is 0.6 cents.

Regal Asset Management, the trustee of the industrial trust, has decided not to declare interim distribution for the six months ending June of this year, similar to the same period last year. In the first half of the year, Regal Real Estate Investment Trust recorded a net rental and hotel income of 0.34 billion yuan, an increase of 15.6% compared to the previous year. The average occupancy rate of the five Regal International hotels during the interim period was 65.6%, a decrease of 1.2 percentage points from the previous year, while the average room rent increased by 12.4%, resulting in a 10.4% increase in average rental income per available room.