Yuexiu REIT's annual payout falls 14pc

Yuexiu Real Estate Investment Trust (0405), the mainland's commercial property investor, posted a 14 percent year on year drop in total distribution to 270.7 million yuan (HK$308 million) last year.

The company declared a final distribution to unitholders of 1.89 fen, equivalent to 2.14 HK cents, down 25.6 percent year on year.

The full-year distribution fell 14.7 percent to 5.22 fen, or 5.8 HK cents.

Its revenue decreased by 8.6 percent to 1.86 billion yuan, while net property income declined 11.2 percent to 1.29 billion yuan.

Jiang Guoxiong, chairman and non-executive director of Yuexiu REIT, said that after optimizing the company's asset portfolio by selling a 50 percent stake in Yuexiu Financial Tower in the fourth quarter of 2025, it reduced the share of office buildings in the portfolio and generated roughly 5.3 billion in cash, enhancing financial flexibility.

Gloria Leung