Sunlight Real Estate Investment Trust Announces Final Results for the Year Ended 30 June 2022
September 7, 2022
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Sunlight Real Estate Intrinsic Value –
Sunlight Real Estate($SEHK:00435) Investment Trust has announced their final results for the year ended 30 June 2022.
The decrease in net profit is mainly due to an increase in interest expense and a decrease in fair value gains on investment properties. This is due to the acquisition of two properties during the year.
Stock Price
During FY2022, Sunlight REIT acquired two properties in Hong Kong, namely “Leighton Hill Commercial Centre” and “The Met. Soho”.
VI Analysis – Sunlight Real Estate Intrinsic Value
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Summary
The trust’s portfolio comprises office buildings, retail malls and warehouses in Singapore. Looking ahead, the trust’s management said that the commercial property market in Singapore is expected to remain challenging in the near term, but they are confident that the trust is well-positioned to weather the challenges and capture growth opportunities.
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