SPRING REIT (01426) Reports First-Quarter Occupancy Rate for Huamao Property at Approximately 89%

Stock News04-28 17:26

SPRING REIT (01426) announced that for the three months ended March 31, 2026, the average monthly rent for Huamao Property was approximately RMB 334 per square meter, a decrease of 1.5% compared to the previous quarter. The occupancy rate was about 89%, down 1 percentage point from the prior quarter. The Beijing office market remains challenging, and the team will continue to prioritize maintaining occupancy levels over rental rates. SPRING REIT completed the acquisition of a 68% interest in Huizhou Property on September 28, 2022. For the three months ended March 31, 2026, the average monthly rent for Huizhou Property was approximately RMB 175 per square meter, an increase of 2.9% compared to the previous quarter. The occupancy rate stood at about 99%, remaining unchanged from the prior quarter. Of the average monthly rent, the fixed rent component was RMB 149 per square meter (Q4 2025: RMB 149 per square meter), while the variable rent portion was RMB 26 per square meter (Q4 2025: RMB 21 per square meter). The total leasable area of Huizhou Property as of March 31, 2026, was 102,869 square meters. The total leasable area of the property may change from time to time due to reconfigurations made to meet tenant requirements.

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