Summary by Moomoo AI
SUNSHINE REAL ESTATE INVESTMENT TRUST FUND (“SUNSHINE REAL ESTATE FUND”) HAS ANNOUNCED ITS INTERIM FINANCIAL REPORT FOR THE SIX MONTHS ENDED 31 DECEMBER 2023. The property portfolio comprises 11 offices and 6 retail properties with a total valuation of HK$18,480.6 million, according to the report. The administrator is responsible for the management of Hang Ki Sun Asset Management Limited, an indirect wholly-owned subsidiary of Hang Ki Shiu Properties Co., Ltd. Net property revenue for the period was HK$323.2 million, up 5.1% from the same period last year. The net asset value per fund unit is HK$7.95, with a distribution ratio of 94.4% of HK$9.0 cents per fund unit. The Sunshine Property Fund recorded a rental rate of 93.1% and recorded a 7.9% year-on-year increase in revenue to HK$419.2 million. During the period, the fair value of invested properties decreased by HK$53.0 million and profit after tax was HK$79.7 million. The manager has announced the distribution of an interim distribution of HK$9.0 cents per fund unit.