Spring Real Estate Investment Trust (Spring REIT) reported its financial results for the first half of 2025, showcasing a revenue of RMB 322.56 million, marking a 5.4% decrease from the previous half-year and a 10.8% decrease year-on-year. The decline in revenue was attributed to the sale of the UK portfolio. Despite this, net property income reached RMB 236.64 million, representing a 1.6% decrease half-on-half and a 13.9% decrease year-on-year. However, excluding the effect of the UK portfolio sale, net property income showed a half-on-half increase of 3.7% and a year-on-year decrease of 10.4%. The net property income margin improved to 73.4%, up from 70.5% in the previous half-year. General and administrative expenses totaled RMB 39.44 million. Finance costs on interest-bearing borrowings were recorded at RMB 47.72 million, significantly lower than RMB 120.97 million in the first half of 2024. The results were influenced by strong retail performance at Huamao Place in Huizhou, though this was offset by challenges in the Beijing office market impacting the CCP Property. Spring REIT's management is focusing on strategies to enhance occupancy and optimize tenant mix, particularly at the CCP Property, to navigate the evolving operating environment.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Spring Real Estate Investment Trust published the original content used to generate this news brief on August 28, 2025, and is solely responsible for the information contained therein.
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