A visual understanding of the performance of china merchants commercial REIT Fund (1503.HK) for the entire year of 2024.
Recently, the first centrally-owned enterprise REIT listed in Hong Kong - China Merchants Commercial REIT Fund (1503.HK) announced its annual performance for the year ending December 31, 2024. Let's take a look at the highlights of the company's performance through a graphic.
China Merchants Commercial REIT (1503.HK): Steady operation against the trend shows resilience, and operation optimization starts the path of value reassessment.
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In the previous year, the china merchants commercial REIT Fund achieved a total profit of 0.529 billion yuan. The rental rate of the Shenzhen Garden City Mall significantly increased, and the overall operation level continued to optimize.
Hong Kong, March 18, 2025 /PR Newswire/ -- China Merchants Commercial REIT ("China Merchants Commercial REIT" or "REITs", Hong Kong Stock Exchange stock code: 1503), announced its annual performance for the year ending December 31, 2024. The total revenue for the year was 529 million RMB, an increase of 40 million RMB or 8.2% compared to 2023. The final distribution per fund unit for 2024 is 0.0520 HKD, together with the interim distribution of 0.0600 HKD per fund unit already paid, the total distribution per fund unit for the reported year is 0.
China Merchants Commercial REIT (01503.HK) expects distributable income of 0.117 billion yuan in 2024, a year-on-year increase of 23.2%.
On March 17, CapitalLink reported that china merchants commercial REIT (01503.HK) announced its full-year results for the year ending December 31, 2024, achieving revenue of 0.529 billion yuan, representing an 8.2% year-on-year increase; distributable income of 0.117 billion yuan, up 23.2%; with a distribution of 0.1120 HKD per fund unit. The main driver of revenue growth was a 6.1% increase in rental income to 0.468 billion yuan. Benefiting from the strong leasing momentum after the strong renovation upgrade of the only retail asset in capital merchants commercial REIT, the overall occupancy rate of the property portfolio of china merchants commercial REIT increased from 20.
CMC REIT: FINAL RESULTS ANNOUNCEMENT FOR THE YEAR ENDED 31 DECEMBER 2024
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