Sun Residential REIT Reports Excellent Results - And Announces Investor Conference Call on February 15
Sun Residential REIT Reports Excellent Results - And Announces Investor Conference Call on February 15
Toronto, Ontario--(Newsfile Corp. - February 8, 2022) - Sun Residential Real Estate Investment Trust (TSXV: SRES) today released its financial results for the three months and year ended December 31, 2021. All amounts are in United States dollars, unless shown as C$ which refers to Canadian dollars.
安大略省多伦多-(Newsfile Corp.-2022年2月8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2021年12月31日的三个月和一年的财务业绩。所有金额均以美元计算，除非显示为C$(指加元)。
Revenue for the three months ended December 31, 2021 was $1,296,918 (same period, prior year - $1,178,338), net rental income was $213,355 (prior year - $322,806), and the net income was $5,622,213 (prior year - loss of $11,669). Net income reflects a fair value increase in the investment property of $6,617,000 before taxes.
截至2021年12月31日的三个月的收入为1,296,918美元(上年同期-1,178,338美元)，净租金收入为213,355美元(上年-322,806美元)，净收入为5,622,213美元(上年同期-亏损11,669美元)。净收入反映投资物业税前公平价值增加6,617,000美元。
Revenue for the year ended December 31, 2021 was $4,946,475 (same period, prior year - $4,356,819), net rental income was $2,868,457 (prior year - $2,477,207), and the net income was $12,121,413 (prior year - $234,660). Net income reflects a fair value increase in the investment property of $12,432,980, before taxes.
截至2021年12月31日的一年收入为4,946,475美元(上年同期-4,356,819美元)，净租金收入为2,868,457美元(上年-2,477,207美元)，净收入为12,121,413美元(上年-234,660美元)。净收入反映投资物业税前公允价值增加12,432,980美元。
At December 31, 2021, Sun had total assets of $69.7 million (December 31, 2020 - $56.6 million), and cash and cash equivalents of $4.5 million (December 31, 2020 - $3.9 million). Working capital at December 31, 2021 was $4.5 million (December 31, 2020 - $3.8 million).
截至2021年12月31日，Sun的总资产为6970万美元(2020年12月31日至5660万美元)，现金及现金等价物为450万美元(2020年12月31日至390万美元)。截至2021年12月31日的营运资金为450万美元(2020年12月31日-380万美元)。
"Our property continues to perform very well; property management has been doing an outstanding job despite the challenges that have arisen from the pandemic," said Gordon Wiebe, CEO of Sun.
Sun首席执行官戈登·维贝(Gordon Wiebe)表示：“我们的酒店继续表现良好；尽管疫情带来了挑战，但物业管理一直做得很出色。”
Highlights (at December 31, 2021 unless otherwise noted)
亮点(除非另有说明，截止日期为2021年12月31日)
- Weighted average occupancy rate - 96%.
- FFO (funds from operations) for three months ended December 31, 2021 - $131,522 (same period, prior year - $122,567).
- FFO (funds from operations) for year ended December 31, 2021 - $480,998 (same period, prior year - $159,322).
- AFFO (adjusted funds from operations) for three months ended December 31, 2021 - $131,522 (same period, prior year - $109,604).
- AFFO (adjusted funds from operations) for year ended December 31, 2021 - $472,318 (same period, prior year - $146,359).
- Rent collection for December 2021 - approximately 99%
- Lease renewals for three months ended December 31, 2021 at an average rent increase of 10%.
- Net operating income margin (year ended December 31, 2021) - 58%
- Debt to gross book value - 45%
- Net asset value (NAV) per unit at December 31, 2021 - $0.10 or C$0.12
- 加权平均入住率-96%。
- 截至2021年12月31日的三个月的FFO(运营资金)-131,522美元(上年同期-122,567美元)。
- 截至2021年12月31日的年度的FFO(运营资金)-480,998美元(上年同期-159,322美元)。
- 截至2021年12月31日的三个月的AFFO(调整后的运营资金)-131,522美元(上年同期-109,604美元)。
- 截至2021年12月31日的年度的AFFO(调整后的运营资金)-472,318美元(上年同期-146,359美元)。
- 2021年12月收租-约99%
- 续租截至2021年12月31日的三个月，平均租金上涨10%。
- 净营业利润率(截至2021年12月31日的年度)-58%
- 债务与账面总值之比-45%
- 2021年12月31日的单位资产净值(NAV)-0.10美元或0.12加元
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, 2021, available on SEDAR at and on Sun's website at .
与非“国际财务报告准则”衡量标准的对账如下。有关财务结果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2021年12月31日的年度的讨论和分析，可在SEDAR和Sun的网站上查阅。
Conference Call
Interested parties are invited to participate in a Zoom call with management on Tuesday February 15, 2022, 4:00 p.m. ET, to review the results. To participate or listen to the call, please click on this link:
,
Meeting ID: 833 1009 4601, Passcode: 810887, 438 809 7799 or 647 374 4685.
电话会议
感兴趣的各方受邀参加2022年2月15日(星期二)下午4：00与管理层举行的Zoom电话会议。ET，以回顾结果。要参与或收听电话会议，请单击此链接：
,
会议ID：83310094601，密码：810887,4388097799或6473744685。
Non-IFRS Financial Measures
非国际财务报告准则财务衡量标准
Weighted average occupancy rate, FFO, AFFO, rent collections, net operating income margin 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 standardized meanings prescribed by IFRS. Weighted average occupancy rate, FFO, AFFO, rent collection for September 2021, net operating income margin and debt to gross book value as calculated by Sun may not be comparable to similar measures presented by other issuers. Please refer to Sun's Management's Discussion and Analysis for the year ended December 31, 2021 for reconciliations to standardized IFRS measures. Net asset value (NAV) per unit is calculated by dividing unitholders' equity of $19,461,725 by 203,338,999, converted to C$ at a rate of 1.25. NAV is a non-GAAP measure that represents management's view of the intrinsic value of Sun. However, it is not defined by IFRS and may not be comparable to similar measures presented by other issuers.
加权平均入住率、FFO、AFFO、租金收入、净营业利润率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)承认的衡量标准，也没有IFRS规定的标准化含义。Sun计算的加权平均入住率、FFO、AFFO、2021年9月的租金征收、净营业收入利润率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Sun管理层对截至2021年12月31日的年度的讨论和分析，以了解与国际财务报告准则标准化衡量标准的对账情况。单位资产净值(NAV)的计算方法是单位持有人权益19,461,725美元除以203,338,999加元，折算成加元的汇率为1.25。资产净值是一种非GAAP衡量标准，代表管理层对Sun内在价值的看法。然而，它不是国际财务报告准则的定义，可能无法与其他发行人提出的类似措施相提并论。
| Three months ended | Year ended | ||||||||||||||
| December 31, 2021 | December 31, 2020 | December 31, 2021 | December 31, 2020 | ||||||||||||
| Net income attributable to: | |||||||||||||||
| Unitholders of the Trust | $ | 2,413,921 | $ | (50,041 | ) | $ | 5,173,518 | $ | (181,044 | ) | |||||
| Non-controlling interest | 3,208,292 | 38,372 | 6,947,895 | 415,704 | |||||||||||
| Net income (loss) | $ | 5,622,213 | $ | (11,669 | ) | $ | 12,121,413 | $ | 234,660 | ||||||
| Net income (loss) attributable to | |||||||||||||||
| unitholders | $ | 2,413,921 | $ | (50,041 | ) | $ | 5,173,518 | $ | (181,044 | ) | |||||
| Fair value loss (gain) on | |||||||||||||||
| investment property | (6,617,000 | ) | (38,322 | ) | (12,432,980 | ) | 586,703 | ||||||||
| Realty taxes not accounted | |||||||||||||||
| under IFRIC21 | 572,400 | 392,400 | - | - | |||||||||||
| Non-controlling interest | 2,961,854 | (173,498 | ) | 6,092,160 | (287,484 | ) | |||||||||
| Deferred income taxes | 797,490 | - | 1,647,950 | - | |||||||||||
| Loss (gain) on foreign currency | |||||||||||||||
| translation | 2,857 | (7,972 | ) | 350 | 41,147 | ||||||||||
| FFO | $ | 131,522 | $ | 122,567 | $ | 480,998 | $ | 159,322 | |||||||
| capital expenditure | - | (25,418 | ) | (17,020 | ) | (25,418 | ) | ||||||||
| Non-controlling interest | - | 12,455 | 8,340 | 12,455 | |||||||||||
| AFFO | $ | 131,522 | $ | 109,604 | $ | 472,318 | $ | 146,359 | |||||||
| 截至三个月 | 年终 | ||||||||||||||
| 2021年12月31日 | 2020年12月31日 | 2021年12月31日 | 2020年12月31日 | ||||||||||||
| 净收入可归因于： | |||||||||||||||
| 信托基金的单位持有人 | $ | 2,413,921 | $ | (50,041 | ) | $ | 5,173,518 | $ | (181,044 | ) | |||||
| 非控股权益 | 3,208,292 | 38,372 | 6,947,895 | 415,704 | |||||||||||
| 净收益(亏损) | $ | 5,622,213 | $ | (11,669 | ) | $ | 12,121,413 | $ | 234,660 | ||||||
| 可归因于以下原因的净收益(亏损) | |||||||||||||||
| 单位持有人 | $ | 2,413,921 | $ | (50,041 | ) | $ | 5,173,518 | $ | (181,044 | ) | |||||
| 公允价值亏损(收益) | |||||||||||||||
| 投资性物业 | (6,617,000 | ) | (38,322 | ) | (12,432,980 | ) | 586,703 | ||||||||
| 未入帐的房地产税 | |||||||||||||||
| 根据IFRIC21 | 572,400 | 392,400 | - | - | |||||||||||
| 非控股权益 | 2,961,854 | (173,498 | ) | 6,092,160 | (287,484 | ) | |||||||||
| 递延所得税 | 797,490 | - | 1,647,950 | - | |||||||||||
| 外币损益 | |||||||||||||||
| 翻译 | 2,857 | (7,972 | ) | 350 | 41,147 | ||||||||||
| FFO | $ | 131,522 | $ | 122,567 | $ | 480,998 | $ | 159,322 | |||||||
| 资本支出 | - | (25,418 | ) | (17,020 | ) | (25,418 | ) | ||||||||
| 非控股权益 | - | 12,455 | 8,340 | 12,455 | |||||||||||
| AFFO | $ | 131,522 | $ | 109,604 | $ | 472,318 | $ | 146,359 | |||||||
Forward-Looking Statements
前瞻性陈述
This news release may contain forward-looking statements (within the meaning of applicable securities laws) relating to the business of Sun. Forward-looking statements are identified by words such as "target", "believe", "anticipate", "expect", "plan", "will", "may", "estimate" and other similar expressions. The forward-looking statements in this news release are based on certain assumptions. They are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Many factors could cause actual results to differ materially from the results discussed in the forward-looking statements, including, but not limited to, the factors discussed under the heading "Risk Factors" in Sun's management's discussion and analysis for the year ended December 31, 2021 which is available at . There can be no assurance that forward-looking statements will prove to be accurate as actual outcomes and results may differ materially from those expressed in these forward-looking statements. Therefore, readers should not place undue reliance on any such forward-looking statements. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by law, Sun assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
本新闻稿可能包含与Sun公司业务相关的前瞻性陈述(符合适用的证券法的含义)。前瞻性陈述通过诸如“目标”、“相信”、“预期”、“预期”、“计划”、“将”、“可能”、“估计”和其他类似表述来识别。本新闻稿中的前瞻性陈述是基于某些假设。它们不是未来业绩的保证，涉及难以控制或预测的风险和不确定性。许多因素可能导致实际结果与前瞻性陈述中讨论的结果大不相同，包括但不限于太阳公司管理层在截至2021年12月31日的年度的讨论和分析中“风险因素”标题下讨论的因素。不能保证前瞻性陈述将被证明是准确的，因为实际结果和结果可能与这些前瞻性陈述中表达的大不相同。因此，读者不应过分依赖任何此类前瞻性陈述。此外，这些前瞻性声明是在本新闻稿发布之日作出的，除非法律明确要求，否则Sun公司不承担公开更新或修改任何前瞻性声明的义务，无论是由于新信息、未来事件还是其他原因。
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日期为2019年1月22日的信托声明成立的非法人开放式房地产投资信托基金，于2019年3月22日和2020年11月4日修订和重述。Sun的业务是收购美国阳光地带地区的多户住宅物业。其业务运营于2020年1月28日开始，当时它完成了一笔融资，并同时收购了一处多户住宅物业51%的权益，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
To view the source version of this press release, please visit
要查看本新闻稿的源版本，请访问