Summary by Futu AI
Yuexiu Real Estate Investment Trust Fund announced its mid-year performance for the six months ended June 30, 2024, showing a decrease of 2.5% and 2.6% in total income and net property income to approximately RMB 1.034 billion and 0.743 billion, respectively. The net loss for the period expanded to approximately RMB 40.53 million, a decrease of 146.3% from the net profit of approximately RMB 87.55 million in the same period last year. The loss per unit of the fund was RMB 0.0062, while the distribution per unit of the fund decreased from RMB 0.0541 in the same period last year to RMB 0.0371. The estimated value of the property portfolio decreased slightly to approximately RMB 42.538 billion, and the net asset value per unit held by the fund unit holders also decreased slightly to RMB 1.549 billion. The trustee announced that it will distribute to the fund unit holders an amount equal to 100% of the distributable income and additional items. The mid-term distribution record date is September 12, 2024, and will be paid on October 25.
