Sun Residential REIT Continues Robust Results, Announces Investor Conference Call on August 2, and Declares Q3 Distribution Payable September 30, 2023
Sun Residential REIT Continues Robust Results, Announces Investor Conference Call on August 2, and Declares Q3 Distribution Payable September 30, 2023
Toronto, Ontario--(Newsfile Corp. - August 1, 2023) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three and six months ended June 30, 2023. All amounts are in United States dollars unless otherwise noted. "C$" refers to Canadian dollars.
安大略省多伦多--（Newsfile Corp.，2023年8月1日）——太阳住宅房地产投资信托基金（TSXV：SRES）今天公布了截至2023年6月30日的三个月和六个月的财务业绩。 除非另有说明，所有金额均以美元计算。“C$” 是指加元。
Revenue for the three months ended June 30, 2023 was $1,475,527 an increase of 8.9% compared with the same period in the prior year. Net rental income was $988,878, an increase of 3.5%, and net income and comprehensive income for the three months was $581,815, an increase of 9.8%.
截至2023年6月30日的三个月，收入为1,475,527美元，与去年同期相比增长了8.9％。净租金收入为988,878美元，增长3.5％，三个月的净收入和综合收入为581,815美元，增长9.8％。
Revenue for the six months ended June 30, 2023 was $2,870,880 an increase of 8.6% compared with the same period in the prior year. Net rental income was $1,975,849, an increase of 6.0%, and net income and comprehensive income for the three months was $1,105,873, an increase of 9.9%.
截至2023年6月30日的六个月中，收入为2870,880美元，与去年同期相比增长了8.6％。净租金收入为1,975,849美元，增长6.0％，三个月的净收入和综合收入为1,105,873美元，增长9.9％。
At June 30, 2023, Sun had total assets of $75.9 million (December 31, 2022 - $75.6 million), and cash and cash equivalents of $3.7 million (December 31, 2022 - $4.7 million). Working capital at June 30, 2023 was $4.2 million (December 31, 2021 - $4.6 million).
截至2023年6月30日，Sun的总资产为7,590万美元（2022年12月31日为7,560万美元），现金及现金等价物为370万美元（2022年12月31日为470万美元）。截至2023年6月30日，营运资金为420万美元（2021年12月31日为460万美元）。
Robert C. Wetenhall Jr., Chief Executive Officer, said, "During the quarter, we acquired a distressed apartment building located in Cape Coral, Florida. Mobilization to begin renovating the property, which was heavily damaged by Hurricane Ian, has already begun. We expect the property will be accretive to earnings when stabilized next year and demonstrates our commitment to creating shareholder value by sourcing attractive investment opportunities in the Sun Belt."
首席执行官小罗伯特·韦滕霍尔表示：“在本季度，我们收购了位于佛罗里达州开普科勒尔的一栋破旧公寓楼。开始翻修这座遭受飓风伊恩严重破坏的房产的动员工作已经开始。我们预计，明年稳定后，该物业将增加收益，并表明我们致力于通过在太阳地带寻找有吸引力的投资机会来创造股东价值。”
Additional highlights (at June 30, 2023 or for the three months then ended, unless otherwise noted)
其他亮点 （除非另有说明，否则在 2023 年 6 月 30 日或当时结束的三个月）
NAV (net asset value) per unit - $0.109 (C$0.147)
Weighted average occupancy for the quarter - 93%; occupancy at quarter-end - 95%
FFO (funds from operations) - $206,792, an increase of 36% from the prior year.
AFFO (adjusted funds from operations) - $183,081, an increase of 22% from the prior year.
Quarterly distribution paid June 30, 2023 corresponds to 57% of net income available to unitholders, 71% of FFO, and 80% of AFFO.
Rent collection for June 2023 - 99%
Net operating income margin - 52%
Debt to gross book value - 41%
每单位资产净值（净资产价值）-0.109美元（0.147加元）
本季度的加权平均入住率——93％；季度末的入住率——95％
FFO（运营资金）——206,792美元，比上年增长36％。
AFFO（调整后的运营资金）——183,081美元，比上年增长22％。
2023年6月30日支付的季度分配相当于单位持有人可用净收益的57％，FFO的71％和AFFO的80％。
2023 年 6 月的租金征收-99%
净营业收入利润率-52%
债务占账面总值的比例—— 41%
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 period ended June 30, 2023, available on SEDAR at and on Sun's website at .
下文列出了与非国际财务报告准则指标的对账情况。有关财务业绩和运营统计分析的更多信息，请参阅Sun的合并财务报表及其管理层对截至2023年6月30日的讨论和分析，可在SEDAR和Sun的网站上查阅。
Conference Call
电话会议
Interested parties are invited to participate in a Zoom video call with management on August 2, 2023 at 9:00 a.m., Eastern Time. Please use the following link:
邀请有兴趣的人士参加美国东部时间2023年8月2日上午9点与管理层的Zoom视频通话。请使用以下链接：
Quarterly distribution
季度分配
The Board of Trustees has approved a regular quarterly distribution of C$0.00095 (0.095 Canadian cents) per unit. This distribution will be paid September 29, 2023 to unitholders of record as of the close of business on September 15, 2023, and represents an annual rate of C$0.0038 (0.38 Canadian cents) per unit.
董事会批准了每单位0.00095加元（0.095加元）的定期季度分配。这笔分配将于2023年9月29日支付给截至2023年9月15日营业结束时的登记在册的单位持有人，年利率为每单位0.0038加元（0.38加元）。
Non-IFRS Financial Measures
非国际财务报告准则财务指标
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 March 2023, 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、租金征收、净营业收入利润率、单位资产净值和债务与账面总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）认可的指标，也没有国际财务报告准则规定的含义。Sun计算的加权平均租赁利率、FFO、AFFO、2023年3月的租金征收情况、净营业收入利润率、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出的类似指标相提并论。请参阅下表，了解与《国际财务报告准则》指标的对账情况。
| Three months ended | Six months ended |
|||||||||||
| June 30 |
June 30 |
|||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||
| Net income attributable to unitholders | $ | 257,120 | $ | 201,005 | $ | 458,449 | $ | 370,920 | ||||
| Adjustments to arrive at FFO | ||||||||||||
| Fair value adjustment to | ||||||||||||
| investment properties | 46,493 | 4,352 | 98,162 | 10,152 | ||||||||
| Realty taxes not accounted for under | ||||||||||||
| IFRIC 21 | (217,800 | ) | (190,200 | ) | (435,600 | ) | (380,400 | ) | ||||
| Non-controlling interest | 83,940 | 91,066 | 165,345 | 181,422 | ||||||||
| Deferred income taxes | 45,087 | 51,083 | 88,990 | 96,125 | ||||||||
| Loss (gain) on foreign currency translation | (8,048) | (5,431 | ) | (8,358 | ) | (3,817 | ) | |||||
| Funds from operations (FFO) | 206,792 | 151,875 | 366,988 | 274,402 | ||||||||
| Adjustments to arrive at AFFO | ||||||||||||
| Capital expenditures | (46,493 | ) | (4,352 | ) | (98,162 | ) | (10,152 | ) | ||||
| Non-controlling interest | 22,782 | 2,132 | 48,099 | 4,974 | ||||||||
| Adjusted funds from operations (AFFO) | $ | 183,081 | $ | 149,655 | $ | 316,925 | $ | 269,224 | ||||
| Weighted average number of units | 203,338,999 | 203,338,999 | 203,338,999 | 203,338,999 | ||||||||
| FFO per unit | $ | 0.0010 | $ | 0.0007 | $ | 0.0018 | $ | 0.0013 | ||||
| AFFO per unit | $ | 0.0009 | $ | 0.0007 | $ | 0.0016 | $ | 0.0013 | ||||
| June 30 | December 31 | |||||||||||
| 2023 | 2022 | |||||||||||
| Unitholder equity | $ | 22,114,236 | 21,801,627 | |||||||||
| NAV per unit | $ | 0.109 | $ | 0.107 | ||||||||
| NAV per unit (C$) | $ | 0.147 | $ | 0.140 | ||||||||
| 三个月已结束 | 六个月已结束 |
|||||||||||
| 6 月 30 日 |
6 月 30 日 |
|||||||||||
| 2023 | 2022 | 2023 | 2022 | |||||||||
| 归属于单位持有人的净收益 | $ | 257,120 | $ | 201,005 | $ | 458,449 | $ | 370,920 | ||||
| 为达到 FFO 而进行的调整 | ||||||||||||
| 公允价值调整至 | ||||||||||||
| 投资物业 | 46,493 | 4,352 | 98,162 | 10,152 | ||||||||
| 房地产税未计入以下 | ||||||||||||
| IFRIC 21 | (217,800) | ) | (190,200 | ) | (435,600) | ) | (380,400) | ) | ||||
| 非控股权益 | 83,940 | 91,066 | 165,345 | 181,422 | ||||||||
| 递延所得税 | 45,087 | 51,083 | 88,990 | 96,125 | ||||||||
| 外币折算亏损（收益） | (8,048) | (5,431) | ) | (8,358) | ) | (3,817) | ) | |||||
| 运营资金 (FFO) | 206,792 | 151,875 | 366,988 | 274,402 | ||||||||
| 将在AFFO上进行调整 | ||||||||||||
| 资本支出 | (46,493) | ) | (4,352) | ) | (98,162) | ) | (10,152) | ) | ||||
| 非控股权益 | 22,782 | 2,132 | 48,099 | 4,974 | ||||||||
| 调整后的运营资金（AFFO） | $ | 183,081 | $ | 149,655 | $ | 316,925 | $ | 269,224 | ||||
| 加权平均单位数 | 203,338,999 | 203,338,999 | 203,338,999 | 203,338,999 | ||||||||
| 每单位的FFO | $ | 0.0010 | $ | 0.0007 | $ | 0.0018 | $ | 0.0013 | ||||
| 每单位 AFFO | $ | 0.0009 | $ | 0.0007 | $ | 0.0016 | $ | 0.0013 | ||||
| 6 月 30 日 | 12 月 31 日 | |||||||||||
| 2023 | 2022 | |||||||||||
| 单位持有人权益 | $ | 22,114,236 | 21,801,627 | |||||||||
| 每单位资产净值 | $ | 0.109 | $ | 0.107 | ||||||||
| 每单位资产净值（加元） | $ | 0.147 | $ | 0.140 | ||||||||
About Sun Residential REIT
关于太阳住宅房地产投资信托基金
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.
太阳住宅房地产投资信托基金是一家非法人开放式房地产投资信托基金，根据2019年1月22日的信托声明成立，该声明于2019年3月22日和2020年11月4日进行了修订和重申。Sun的业务是收购美国太阳带地区的多户住宅物业。
For further information, please contact:
欲了解更多信息，请联系：
Robert C. Wetenhall Jr.
Chief Executive Officer
rwetenhall@sunresreit.com
小罗伯特·C·韦滕霍尔
首席执行官
rwetenhall@sunresreit.com
Jeffrey D. Sherman,
Chief Financial Officer
jsherman@sunresreit.com
(416) 214-2228
杰弗里·谢尔曼，
首席财务官
jsherman@sunresreit.com
(416) 214-2228
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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要查看本新闻稿的源版本，请访问