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$" refers to Canadian dollars.
安大略省多伦多-(Newsfile Corp.-2023年2月7日)-Sun Residential Real Estate Investment Trust(多伦多证券交易所股票代码：SRES)今天公布了截至2022年12月31日的三个月和年度的财务业绩。除非另有说明，否则所有金额均以美元计价。“C$”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日的三个月的收入为1,412,622美元(上年同期-1,296,918美元)，净租金收入为213,697美元(上年同期-213,355美元)，前三个月的净收入为4,572,204美元(上年同期-5,622,213美元)。截至2022年12月31日的一年收入为5,460,233美元(上年同期-4,946,475美元)，净租金收入为3,000,721美元(上年-2,868,457美元)，全年净收入为5,936,241美元(上年-12,121,413美元)。本年度的净收入反映了税前投资物业增加的公允价值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的总资产为7560万美元(2021年12月31日至6970万美元)，现金及现金等价物为470万美元(2021年12月31日至450万美元)。截至2022年12月31日的营运资本为460万美元(2021年12月31日-450万美元)。
"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首席执行官戈登·维贝(Gordon Wiebe)表示：“我们的物业继续表现良好。”正如2022年12月14日宣布的那样，我们很高兴在2023年3月31日发行我们的第一个季度分销，每股0.00095加元或0.095加分。根据最新的收盘单价0.065加元，这意味着年收益率为5.8%。
Highlights (at December 31, 2022 unless otherwise noted)
亮点(除非另有说明，截止日期为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%
- 每单位资产净值-0.107美元(约合0.14加元)
- 截至2022年12月31日的年度收入-5,460,233，同比增长10.4%
- 本季度加权平均入住率-91%。
- 截至2022年12月31日的三个月的FFO(运营资金)-180,078美元，比上年增长37%。
- 截至2022年12月31日的年度FFO(运营资金)为600,689美元，比上年增长25%。
- 由于本季度发生了某些非经常性资本支出，截至2022年12月31日的三个月的AFFO(调整后的运营资金)为33,192美元，比上一年减少了75%。
- AFFO(调整后的运营资金)截至2022年12月31日的年度为355,952美元，比上年减少25%，原因是该年度发生了某些非经常性资本支出。
- 2022年12月的收租情况--约98%
- 净营业利润率(截至2022年12月31日的三个月)-55%
- 债务与账面总值之比-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 .
与非《国际财务报告准则》计量的对账如下。有关财务结果及营运统计分析的更多资料，请参阅Sun截至2022年12月31日止年度的综合财务报表及其管理层的讨论及分析，可于SEDAR及Sun的网站查阅。
Conference Call
电话会议
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.
感兴趣的各方被邀请参加2月8日下午4：30与管理层举行的Zoom视频电话会议。艾斯特。请点击以下链接：
会议ID：82202674488，密码：157877。
Non-IFRS Financial Measures
非国际财务报告准则财务衡量标准
| 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 | ||||||||||||
| 截至三个月 | 截止的年数 | |||||||||||||||
| 12月31日 | 12月31日 | |||||||||||||||
| 2022 | 2021 | 2022 | 2021 | |||||||||||||
| 单位持有人应占净收益 | $ | 1,978,700 | $ | 2,413,921 | $ | 2,482,338 | $ | 5,173,518 | ||||||||
| 调整以达到FFO | ||||||||||||||||
| 公允价值调整至 | ||||||||||||||||
| 投资物业 | (5,361,989) | (6,617,000) | (5,170,123) | (12,432,980) | ||||||||||||
| 房地产税未计入 | ||||||||||||||||
| IFRIC 21 | 570,600 | 572,400 | - | - | ||||||||||||
| 非控制性权益 | 2,347,781 | 2,961,854 | 2,533,360 | 6,092,160 | ||||||||||||
| 递延所得税 | 645,602 | 797,490 | 751,649 | 1,647,950 | ||||||||||||
| 外币折算损失(收益) | (616) | 2,857 | 3,465 | 350 | ||||||||||||
| 运营资金(FFO) | 180,078 | 131,522 | 600,689 | 480,998 | ||||||||||||
| 调整以达到AFFO | ||||||||||||||||
| 资本支出 | (288,011) | - | (479,877) | (17,020) | ||||||||||||
| 非控制性权益 | 141,125 | - | 235,140 | 8,340 | ||||||||||||
| 调整后的运营资金(AFFO) | $ | 33,192 | $ | 131,522 | $ | 355,952 | $ | 472,318 | ||||||||
| 加权平均单位数 | 203,338,999 | 203,338,999 | 203,338,999 | 203,338,999 | ||||||||||||
| 每单位FFO | $ | 0.0009 | $ | 0.0006 | $ | 0.0030 | $ | 0.0024 | ||||||||
| 单位AFFO | $ | 0.0002 | $ | 0.0006 | $ | 0.0018 | $ | 0.0023 | ||||||||
| 单位持有人权益 | $ | 21,801,627 | $ | 19,461,725 | ||||||||||||
| 每单位净资产净值 | $ | 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.
加权平均租赁利率、FFO、AFFO、租金收取、净营业利润率、单位资产净值和债务与账面价值之比是房地产投资信托基金常用的关键业绩衡量标准。它们不是国际财务报告准则(IFRS)承认的衡量标准，也没有IFRS规定的含义。Sun计算的加权平均租赁利率、FFO、AFFO、2022年12月的租金收入、净营业利润率、单位资产净值和债务与账面总值之比可能无法与其他发行人提供的类似指标相比较。请参阅下表，了解与“国际财务报告准则”衡量标准的协调情况。
About Sun Residential REIT
关于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.
太阳住宅房地产投资信托是根据2019年1月22日的信托声明成立的非法人地位的开放式房地产投资信托，该声明于2019年3月22日和2020年11月4日进行了修订和重述。Sun的业务是收购美国SunBelt地区的多户住宅物业。其业务于2020年1月28日开始运营，当时它完成了一笔融资，并同时收购了一处多户住宅物业的51%权益，该物业包括12栋建筑，288个租赁单位以及位于佛罗里达州塔拉哈西的租户的各种便利设施。
For further information, please contact:
如需更多信息，请联系：
Gordon Wiebe,
Chief Executive Officer
gwiebe@sunresreit.com
戈登·维贝
首席执行官
邮箱：gwiebe@sunresreit.com
Jeffrey Sherman,
Chief Financial Officer
jsherman@sunresreit.com
杰弗里·谢尔曼
首席财务官
邮箱：jsherman@sunresreit.com
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