China Merchants Commercial REIT (01503) rose more than 9% during the trading day, and as of the time of publication, it had risen by 7.21%, to HKD 1.19, with a turnover of HKD 1.2933 million.
According to the Wisdom Wealth Management App, China Merchants Commercial REIT (01503) rose more than 9% during the trading day, and as of the time of publication, it had risen by 7.21%, to HKD 1.19, with a turnover of HKD 1.2933 million.
On the news front, China Merchants Commercial REIT released its mid-year performance, with a revenue of CNY 0.266 billion, a year-on-year increase of 11.9%; distributable income of CNY 62.018 million, a year-on-year increase of 26.3%; and a distribution of HKD 0.0600 per fund unit.
During the period, the overall occupancy rate of the property portfolio increased from 86.8% to 92.7%, up 5.9 percentage points from December 31, 2023. The main reason was that after the upgrade and transformation of Garden City, new tenants including block stores settled in large areas, leading to an increase in its occupancy rate by 11.3 percentage points. The average occupancy rate of the office building steadily increased to 94.7% by using the "price for quantity" strategy, with an increase of 4.7 percentage points.