BHG Retail REIT Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018
BHG Retail REIT reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. Gross revenue was SGD 17,429,000 against SGD 15,492,000 a year ago. Net property income was SGD 11,636,000 against SGD 10,371,000 a year ago. Net income was SGD 8,782,000 against SGD 7,843,000 a year ago. Total return for the period before taxation was SGD 8,763,000 against SGD 7,817,000 a year ago. Total return for the period after taxation was SGD 6,867,000 against SGD 6,337,000 a year ago. Total return attributable to unitholders was SGD 4,800,000 against SGD 4,501,000 a year ago. Net cash from operating activities was SGD 7,870,000 against SGD 12,377,000 a year ago. Capital expenditure on investment properties was SGD 1,213,000 against SGD 202,000 a year ago. Purchase of plant and equipment was SGD 21,000 against SGD 202,000 a year ago. Earnings per basic and diluted unit were 0.96 cents against 0.90 cents per diluted share a year ago. Net asset value per unit as March 31, 2018 was SGD 0.84 against SGD 0.83 a year ago.