United Hampshire US REIT lifts 1Q 2026 revenue by 8.7 per cent and adds Wallingford Fair centre

SGX Filings
May 18

United Hampshire US Real Estate Investment Trust reported that revenue for the quarter ended Mar, 31 2026 rose 8.7 per cent year on year to about 26.6 million Singapore dollars. Net property income increased 12.7 per cent to roughly 17.8 million Singapore dollars, while distributable income gained 10 per cent to approximately 9.3 million Singapore dollars.

Portfolio occupancy remained high, with grocery- and necessity-based assets at 97.7 per cent and self-storage properties at 89.2 per cent. The weighted average lease expiry improved to 8.0 years from 7.7 years at Dec, 31 2025.

The trust completed the 28.9 million Singapore-dollar, distribution-per-unit-accretive acquisition of the 115,223-sq-ft Wallingford Fair Shopping Center in Jan, 2026 and announced the opening of a 53,000-sq-ft DICK’S Sporting Goods outlet at Hudson Valley Plaza.

On capital management, UHREIT has no refinancing needs until 2028, a weighted average debt maturity of 3.2 years and an average interest rate of 4.91 per cent. Net aggregate leverage stood at 40.3 per cent at Mar, 31 2026. According to the trust, its FY 2025 payout equates to a dividend yield of 8.7 per cent based on the unit price on Mar, 31 2026.

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