Sun Residential REIT Reports Excellent Results - and Announces Investor Conference Call on February 8
Sun Residential REIT Reports Excellent Results - and Announces Investor Conference Call on February 8
Toronto, Ontario--(Newsfile Corp. - February 7, 2023) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months and year ended December 31, 2022. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars.
安大略省多倫多-(Newsfile Corp.-2023年2月7日)-Sun Residential Real Estate Investment Trust(多倫多證券交易所股票代碼：SRES)今天公佈了截至2022年12月31日的三個月和年度的財務業績。除非另有説明，否則所有金額均以美元計價。“C$”指的是加元。
Revenue for the three months ended December 31, 2022 was $1,412,622 (same period, prior year - $1,296,918), net rental income was $213,697 (prior year - $213,355), and the net income for the three months was $4,572,204 (prior year - $5,622,213). Revenue for the year ended December 31, 2022 was $5,460,233 (same period, prior year - $4,946,475), net rental income was $3,000,721 (prior year - $2,868,457), and the net income for the year was $5,936,241 (prior year - $12,121,413). Net income for the year reflects a fair value of increase in investment property of $5,170,123 (prior year - $12,432,980), before taxes.
截至2022年12月31日的三個月的收入為1,412,622美元(上年同期-1,296,918美元)，淨租金收入為213,697美元(上年同期-213,355美元)，前三個月的淨收入為4,572,204美元(上年同期-5,622,213美元)。截至2022年12月31日的一年收入為5,460,233美元(上年同期-4,946,475美元)，淨租金收入為3,000,721美元(上年-2,868,457美元)，全年淨收入為5,936,241美元(上年-12,121,413美元)。本年度的淨收入反映了税前投資物業增加的公允價值5,170,123美元(上年-12,432,980美元)。
At December 31, 2022, Sun had total assets of $75.6 million (December 31, 2021 - $69.7 million), and cash and cash equivalents of $4.7 million (December 31, 2021 - $4.5 million). Working capital at December 31, 2022 was $4.6 million (December 31, 2021 - $4.5 million).
截至2022年12月31日，Sun的總資產為7560萬美元(2021年12月31日至6970萬美元)，現金及現金等價物為470萬美元(2021年12月31日至450萬美元)。截至2022年12月31日的營運資本為460萬美元(2021年12月31日-450萬美元)。
"Our property continues to perform very well," said Gordon Wiebe, CEO of Sun. "As announced on December 14, 2022, we are pleased to be issuing our first quarterly distribution on March 31, 2023, of C$0.00095 or 0.095 Canadian cents per unit. This represents an annual yield of 5.8% based upon the latest closing unit price of C$0.065."
Sun首席執行官戈登·維貝(Gordon Wiebe)表示：“我們的物業繼續表現良好。”正如2022年12月14日宣佈的那樣，我們很高興在2023年3月31日發行我們的第一個季度分銷，每股0.00095加元或0.095加分。根據最新的收盤單價0.065加元，這意味着年收益率為5.8%。
Highlights (at December 31, 2022 unless otherwise noted)
亮點(除非另有説明，截止日期為2022年12月31日)
- NAV (net asset value) per unit - $0.107 (approximately C$0.14)
- Revenue for the year ended December 31, 2022 - 5,460,233, an increase of 10.4% from the prior year
- Weighted average occupancy for the quarter - 91%.
- FFO (funds from operations) for three months ended December 31, 2022 - $180,078, an increase of 37% from the prior year.
- FFO (funds from operations) for year ended December 31, 2022 - $600,689, an increase of 25% from the prior year.
- AFFO (adjusted funds from operations) for three months ended December 31, 2022 - $33,192, a decrease of 75% from the prior year, due to certain non-recurring capital expenditures that had been incurred in the quarter.
- AFFO (adjusted funds from operations) for year ended December 31, 2022 - $355,952, a decrease of 25% from the prior year, due to certain non-recurring capital expenditures incurred during the year.
- Rent collection for December 2022 - approximately 98%
- Net operating income margin (three months ended December 31, 2022) - 55%
- Debt to gross book value - 42%
- 每單位資產淨值-0.107美元(約合0.14加元)
- 截至2022年12月31日的年度收入-5,460,233，同比增長10.4%
- 本季度加權平均入住率-91%。
- 截至2022年12月31日的三個月的FFO(運營資金)-180,078美元，比上年增長37%。
- 截至2022年12月31日的年度FFO(運營資金)為600,689美元，比上年增長25%。
- 由於本季度發生了某些非經常性資本支出，截至2022年12月31日的三個月的AFFO(調整後的運營資金)為33,192美元，比上一年減少了75%。
- AFFO(調整後的運營資金)截至2022年12月31日的年度為355,952美元，比上年減少25%，原因是該年度發生了某些非經常性資本支出。
- 2022年12月的收租情況--約98%
- 淨營業利潤率(截至2022年12月31日的三個月)-55%
- 債務與賬面總值之比-42%
A reconciliation to non-IFRS measures is set out below. For further information on the financial results as well as analysis of operational statistics, please refer to Sun's consolidated financial statements and its management's discussion and analysis for the year ended December 31, 2022, available on SEDAR at and on Sun's website at .
與非《國際財務報告準則》計量的對賬如下。有關財務結果及營運統計分析的更多資料，請參閲Sun截至2022年12月31日止年度的綜合財務報表及其管理層的討論及分析，可於SEDAR及Sun的網站查閲。
Conference Call
電話會議
Interested parties are invited to participate in a Zoom video call with management on February 8, at 4:30 p.m. EST. Please click on the following link:
Meeting ID: 822 0267 4488, Passcode: 157877.
感興趣的各方被邀請參加2月8日下午4：30與管理層舉行的Zoom視頻電話會議。艾斯特。請點擊以下鏈接：
會議ID：82202674488，密碼：157877。
Non-IFRS Financial Measures
非國際財務報告準則財務衡量標準
| Three months ended | Years ended | |||||||||||||||
| December 31 | December 31 | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| Net income attributable to unitholders | $ | 1,978,700 | $ | 2,413,921 | $ | 2,482,338 | $ | 5,173,518 | ||||||||
| Adjustments to arrive at FFO | ||||||||||||||||
| Fair value adjustment to | ||||||||||||||||
| investment properties | (5,361,989) | (6,617,000) | (5,170,123) | (12,432,980) | ||||||||||||
| Realty taxes not accounted for under | ||||||||||||||||
| IFRIC 21 | 570,600 | 572,400 | - | - | ||||||||||||
| Non-controlling interest | 2,347,781 | 2,961,854 | 2,533,360 | 6,092,160 | ||||||||||||
| Deferred income taxes | 645,602 | 797,490 | 751,649 | 1,647,950 | ||||||||||||
| Loss (gain) on foreign currency translation | (616) | 2,857 | 3,465 | 350 | ||||||||||||
| Funds from operations (FFO) | 180,078 | 131,522 | 600,689 | 480,998 | ||||||||||||
| Adjustments to arrive at AFFO | ||||||||||||||||
| Capital expenditures | (288,011) | - | (479,877) | (17,020) | ||||||||||||
| Non-controlling interest | 141,125 | - | 235,140 | 8,340 | ||||||||||||
| Adjusted funds from operations (AFFO) | $ | 33,192 | $ | 131,522 | $ | 355,952 | $ | 472,318 | ||||||||
| Weighted average number of units | 203,338,999 | 203,338,999 | 203,338,999 | 203,338,999 | ||||||||||||
| FFO per unit | $ | 0.0009 | $ | 0.0006 | $ | 0.0030 | $ | 0.0024 | ||||||||
| AFFO per unit | $ | 0.0002 | $ | 0.0006 | $ | 0.0018 | $ | 0.0023 | ||||||||
| Unitholder equity | $ | 21,801,627 | $ | 19,461,725 | ||||||||||||
| NAV per unt | $ | 0.107 | $ | 0.096 | ||||||||||||
| 截至三個月 | 截止的年數 | |||||||||||||||
| 12月31日 | 12月31日 | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| 單位持有人應佔淨收益 | $ | 1,978,700 | $ | 2,413,921 | $ | 2,482,338 | $ | 5,173,518 | ||||||||
| 調整以達到FFO | ||||||||||||||||
| 公允價值調整至 | ||||||||||||||||
| 投資物業 | (5,361,989) | (6,617,000) | (5,170,123) | (12,432,980) | ||||||||||||
| 房地產税未計入 | ||||||||||||||||
| IFRIC 21 | 570,600 | 572,400 | - | - | ||||||||||||
| 非控制性權益 | 2,347,781 | 2,961,854 | 2,533,360 | 6,092,160 | ||||||||||||
| 遞延所得税 | 645,602 | 797,490 | 751,649 | 1,647,950 | ||||||||||||
| 外幣折算損失(收益) | (616) | 2,857 | 3,465 | 350 | ||||||||||||
| 運營資金(FFO) | 180,078 | 131,522 | 600,689 | 480,998 | ||||||||||||
| 調整以達到AFFO | ||||||||||||||||
| 資本支出 | (288,011) | - | (479,877) | (17,020) | ||||||||||||
| 非控制性權益 | 141,125 | - | 235,140 | 8,340 | ||||||||||||
| 調整後的運營資金(AFFO) | $ | 33,192 | $ | 131,522 | $ | 355,952 | $ | 472,318 | ||||||||
| 加權平均單位數 | 203,338,999 | 203,338,999 | 203,338,999 | 203,338,999 | ||||||||||||
| 每單位FFO | $ | 0.0009 | $ | 0.0006 | $ | 0.0030 | $ | 0.0024 | ||||||||
| 單位AFFO | $ | 0.0002 | $ | 0.0006 | $ | 0.0018 | $ | 0.0023 | ||||||||
| 單位持有人權益 | $ | 21,801,627 | $ | 19,461,725 | ||||||||||||
| 每單位淨資產淨值 | $ | 0.107 | $ | 0.096 | ||||||||||||
Weighted average leased rate, FFO, AFFO, rent collection, net operating income margin, NAV per unit and debt to gross book value are key measures of performance commonly used by real estate investment trusts. They are not measures recognized under International Financial Reporting Standards (IFRS) and do not have meanings prescribed by IFRS. Weighted average leased rate, FFO, AFFO, rent collection for December 2022, net operating income margin, NAV per unit and debt to gross book value as calculated by Sun may not be comparable to similar measures presented by other issuers. Please see the table below for reconciliations to IFRS measures.
加權平均租賃利率、FFO、AFFO、租金收取、淨營業利潤率、單位資產淨值和債務與賬面價值之比是房地產投資信託基金常用的關鍵業績衡量標準。它們不是國際財務報告準則(IFRS)承認的衡量標準，也沒有IFRS規定的含義。Sun計算的加權平均租賃利率、FFO、AFFO、2022年12月的租金收入、淨營業利潤率、單位資產淨值和債務與賬面總值之比可能無法與其他發行人提供的類似指標相比較。請參閲下表，瞭解與“國際財務報告準則”衡量標準的協調情況。
About Sun Residential REIT
關於Sun Residential REIT
Sun Residential Real Estate Investment Trust is an unincorporated open-ended real estate investment trust established pursuant to a declaration of trust dated January 22, 2019, as amended and restated on March 22, 2019 and November 4, 2020. The business of Sun is to acquire multi-family residential properties in the Sunbelt region of the United States. Its business operations commenced on January 28, 2020, when it completed a financing and concurrently acquired a 51% interest in a multi-family residential property comprising 12 buildings with 288 rental units as well as various amenities for tenants located in Tallahassee, Florida.
太陽住宅房地產投資信託是根據2019年1月22日的信託聲明成立的非法人地位的開放式房地產投資信託，該聲明於2019年3月22日和2020年11月4日進行了修訂和重述。Sun的業務是收購美國SunBelt地區的多户住宅物業。其業務於2020年1月28日開始運營，當時它完成了一筆融資，並同時收購了一處多户住宅物業的51%權益，該物業包括12棟建築，288個租賃單位以及位於佛羅裏達州塔拉哈西的租户的各種便利設施。
For further information, please contact:
如需更多信息，請聯繫：
Gordon Wiebe,
Chief Executive Officer
gwiebe@sunresreit.com
戈登·維貝
首席執行官
郵箱：gwiebe@sunresreit.com
Jeffrey Sherman,
Chief Financial Officer
jsherman@sunresreit.com
傑弗裏·謝爾曼
首席財務官
郵箱：jsherman@sunresreit.com
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譯文內容由第三人軟體翻譯。