BHG Retail REIT NPI down 16.1% in H1

This is due to the weakening of the RMB against the Singapore dollar.

BHG Retail REIT posted a net property income of $15m for the first half of the financial year 2025, marking a 16.1% year-on-year decline.

The group attributed the drop to the weaker Chinese yuan against the Singapore dollar, lower occupancy rates, and rental support provided to Dalian and Xining.

The REIT’s gross revenue for the year stood at $28m, whilst its distribution per unit came in at $0.22.

BHG Retail REIT maintained a committed occupancy rate of 95.1% during the period.