UHREIT’s NPI drops 8.4% YoY in Q1

The decline was due to divestments made in August 2024 and January 2025.

United Hampshire US REIT (UHREIT) reported an 8.4% year-on-year (YoY) decrease in net property income (NPI) to $11.7m in Q1 2025.

Distributable income slipped 1.4% YoY to $6.3m, whilst gross revenue dropped 2.0% YoY to $18.1m.

The decline was due to the divestment of Freestanding Lowe’s and Sam’s Club properties within Hudson Valley Plaza and the Albany Supermarket in August 2024 and January 2025.

As of March, the Grocery & Necessity portfolio recorded a committed occupancy rate of 97.2%, whilst the Self-Storage segment maintained an occupancy rate of 93.6%.

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