Sunlight Real Estate Investment Trust ("Sunlight REIT") Interim Results for the Six Months Ended 30 June 2026
Dah Sing Financial Centre, the flagship office property of Sunlight REIT, recorded an occupancy of 91.8%, while its passing rent stayed largely unchanged at HK$35.2 per sq. ft. Regarding the retail portfolio, the occupancy of Sheung Shui Centre Shopping Arcade came in at 86.9%, mainly attributable to the prolonged vacancy pending the replacement of a kindergarten tenant. Passing rent of this property was HK$98.2 per sq. ft. Meanwhile, Metro City Phase I Property reported an occupancy rate of 88.0%, while its passing rent was HK$52.0 per sq. ft.
Financial Highlights of 2026 Interim Results
(in HK$' million, unless otherwise specified)
| |
Six months ended 30 June 2026 |
Six months ended 30 June 2025 |
Change (%) |
| Revenue |
382.4 |
391.2 |
(2.2) |
| Net property income |
299.7 |
307.4 |
(2.5) |
| Cost-to-income ratio (%) |
21.6 |
21.4 |
N/A |
| Loss after taxation |
(124.1) |
(172.2) |
N/A |
| Distributable income |
164.0 |
168.6 |
(2.7) |
| Distribution per unit (HK cents) |
8.8 |
9.1 |
(3.3) |
| Payout ratio (%) |
94.3 |
93.8 |
N/A |
| |
|
||
| |
At 30 June 2026 |
At 31 December 2025 |
Change (%) |
| Portfolio valuation |
17,118.1 |
17,403.0 |
(1.6) |
| Net asset value |
12,168.2 |
12,402.6 |
(1.9) |
| Net asset value per unit (HK$) |
6.92 |
7.09 |
(2.4) |
| Gearing ratio (%) |
28.3 |
27.8 |
N/A |
Disclaimer: The information contained in this press release does not constitute an offer or invitation to sell or the solicitation of an offer or invitation to purchase or subscribe for units in Sunlight REIT in Hong Kong or any other jurisdiction.
The issuer is solely responsible for the content of this announcement.
About Sunlight REIT
Listed on The Stock Exchange of Hong Kong Limited since 21 December 2006, Sunlight REIT (stock code: 435) is a real estate investment trust authorized by the Securities and Futures Commission, and constituted by the trust deed dated 26 May 2006 (as amended and restated) (the "Trust Deed"). It offers investors the opportunity to invest in a diversified portfolio of 11 office and six retail properties in Hong Kong with a total gross rentable area of approximately 1.3 million sq. ft. The office properties are located in both core and decentralized business areas, while the retail properties are situated in regional transportation hubs, new towns and urban areas with high population density.
About the Manager
The Manager of Sunlight REIT is an indirect wholly-owned subsidiary of Henderson Land Development Company Limited. Its main responsibility is to manage Sunlight REIT and all of its assets in accordance with the Trust Deed in the sole interest of its unitholders.
