Yuexiu REIT 2020 AR2
The report details the financial and operational performance of Yuexiu REIT for the fiscal year 2020, highlighting its resilience during the COVID-19 pandemic. Despite a 14.5% decrease in gross income to RMB 1,758,732,000, the company maintained a stable overall occupancy rate of 92.8% across its portfolio of eight premium properties. Yuexiu REIT continued its commitment to sustainable development, focusing on energy conservation, emission reduction, and waste management. Additionally, the manager successfully implemented active leasing and asset enhancement strategies, investing approximately RMB 47 million in property renovations to preserve and appreciate asset value.
Company: Yuexiu REIT
Sector: Real Estate
Country: Hong Kong
Year: 2020
Type: AR2
Pages: 243
Yuexiu REIT
Annual Report
The report details the financial and operational performance of Yuexiu REIT for the fiscal year 2020, highlighting its resilience during the COVID-19 pandemic. Despite a 14.5% decrease in gross income to RMB 1,758,732,000, the company maintained a stable overall occupancy rate of 92.8% across its portfolio of eight premium properties. Yuexiu REIT continued its commitment to sustainable development, focusing on energy conservation, emission reduction, and waste management. Additionally, the manager successfully implemented active leasing and asset enhancement strategies, investing approximately RMB 47 million in property renovations to preserve and appreciate asset value.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Apr 1, 2021
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