Yuexiu REIT 2017 AR2
The report outlines Yuexiu REIT's financial and operational performance for the fiscal year 2017. The company successfully expanded its portfolio by acquiring the Wuhan Properties, including the landmark Yuexiu Fortune Centre, marking its second acquisition outside of Guangzhou. Yuexiu REIT recorded a total revenue of approximately RMB 1.85 billion, representing a 0.9% increase year-on-year, and achieved a total distributable income of RMB 826 million. The portfolio's occupancy rate remained strong, with the original five properties at 98.7% and Guangzhou International Finance Center offices at 98.3%. Additionally, the company continued to optimize its debt structure, reducing its average financing cost rate to 3.16%.
Company: Yuexiu REIT
Sector: Real Estate
Country: Hong Kong
Year: 2017
Type: AR2
Pages: 231
Yuexiu REIT
Annual Report
The report outlines Yuexiu REIT's financial and operational performance for the fiscal year 2017. The company successfully expanded its portfolio by acquiring the Wuhan Properties, including the landmark Yuexiu Fortune Centre, marking its second acquisition outside of Guangzhou. Yuexiu REIT recorded a total revenue of approximately RMB 1.85 billion, representing a 0.9% increase year-on-year, and achieved a total distributable income of RMB 826 million. The portfolio's occupancy rate remained strong, with the original five properties at 98.7% and Guangzhou International Finance Center offices at 98.3%. Additionally, the company continued to optimize its debt structure, reducing its average financing cost rate to 3.16%.
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Document Details
Report Year
2017
Reporting Period
Jan 1, 2017 - Dec 31, 2017
Fiscal Year
2017
Published
Apr 1, 2018
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Employees