BHG Retail REIT

In their report, DBS has projected that the REIT will see a 34.4% y-o-y growth in DPU to 3.01 cents for the FY2021.

As at 4.32pm, units in BHG REIT are trading 0.5 cent higher or 0.9% up at 58.5 cents.

BHG Retail REIT is clearly suffering from the negative impacts of Covid-19, as it declared an 80% plunge in 1H DPU

BHG Retail REIT uncovers what shoppers desire to attract right tenant mix

This brings Qianhai International’s total stake in BHG Retail REIT to 19.92%. Previously, Qianhai International did not own any units in the REIT.

The full financial impact of the coronavirus outbreak cannot be ascertained at this juncture, the manager says.

CapitaLand Retail China Trust (CRCT), along with other real estate investment trusts with Chinese shopping centres such as Sasseur REIT and BHG Retail REIT are facing a challenging first quarter of the year.

SINGAPORE (Dec 3): The manager of BHG Retail REIT is acquiring the property known as Badaling Outlets in Beijing, China, for $455 million.

SINGAPORE (Aug 8): The manager of BHG Retail REIT reported 2Q19 DPU of 0.98 cents, 27.4% lower compared to the 2Q18 DPU of 1.35 cents.

SINGAPORE (Feb 23): The manager of BHG Retail REIT has declared a 4Q distribution per unit (DPU) of 1.32 cents, up 0.8% from its DPU of 1.31 cents in 4Q16.