In the interim results, SF REIT's distributable income slightly increased to 120 million yuan, with the distribution per unit decreasing to 13.11 cents

SF Real Estate Investment Trust (02191.HK) announced its interim results for the period ending June this year, with a total distributable income of HKD 119 million, an increase of 0.2% year-on-year. The fund unit holders recorded a loss of HKD 362 million during the period, compared to a profit of HKD 12.182 million in the same period last year; the basic loss per fund unit was HKD 0.4428.

The interim distribution per fund unit was HKD 0.1311, with a payout ratio of 90%, compared to HKD 0.1464 in the same period last year. Based on the closing price of HKD 3.03 per fund unit on the last trading day of the reporting period, the annualized distribution yield for this payout is 8.7%.

SF REIT recorded interim revenue of HKD 225 million, an increase of 1.2% year-on-year. The net property income was HKD 186 million, an increase of 3.3% year-on-year. As of the end of June, SF REIT's overall occupancy rate for the first half of the year was 97.5%, a decrease of 0.5 percentage points compared to the end of last year. Among them, the occupancy rate of the Tsing Yi property in Hong Kong was 96.1%, a decrease of 1.2 percentage points compared to the end of last year. The occupancy rate of the Changsha property in mainland China decreased by 0.3 percentage points to 98.6%, the Foshan property remained at 100%, and the occupancy rate of the Wuhu property increased by 0.1 percentage points to 95.5%.

SF Group leased 80.7% of the rentable area as of June 30, 2025, contributing approximately 75.5% to total revenue during the reporting period