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2778 - Champion Real Estate Investment Trust News Story

HK$4.5 -0.1  -1.3%

Last Trade - 1:48am

Sector
Financials
Size
Large Cap
Market Cap £2.53bn
Enterprise Value £3.77bn
Revenue £283.3m
Position in Universe 486th / 6123

BRIEF-Champion Real Estate Investment Trust Posts FY Total Rental Income HK$ 2,778 Mln

Tue 18th February, 2020 5:20am
Feb 18 (Reuters) - Champion Real Estate Investment Trust
 2778.HK :
    * FY TOTAL RENTAL INCOME  HK$ 2,778 MILLION VERSUS HK$ 2,677
MILLION
    * FY NET PROPERTY INCOME HK$2,481 MILLION VERSUS HK$2,405
MILLION
    * RENTAL INCOME OF THE OFFICE PORTFOLIO IS FACING DOWNSIDE
RISKS
IN 2020
    * FY DPU OF HK$ 0.2666
    * OUTBREAK OF COVID-19 WILL ADVERSELY AFFECT BOTH OFFICE
DEMAND
AND RETAIL SENTIMENTS IN 2020
    * SOFTENED RETAIL MARKET WOULD LEAD TO LOWER TOTAL RENTAL
INCOME
AND DPU IN 2020
    * WANING RETAIL SALES WOULD CONTINUE TO AFFECT TURNOVER RENT
PORTION OF LANGHAM PLACE MALL
    * PLANS TO INCREASE STANDBY BANKING FACILITIES
    * SLUGGISH TREND OF OFFICE RENTAL MARKET IN CENTRAL IS
EXPECTED TO
REMAIN IN 2020
    * CONSIDERING REQUESTS FROM TENANTS OF LANGHAM PLACE MALL
FOR
FURTHER RENTAL CONCESSIONS TO HELP WITH DOWNTURN
    * TRUST IS CONSIDERING REQUESTS FROM TENANTS FOR FURTHER
RENTAL
CONCESSIONS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS5G43F2
Further company coverage:  2778.HK 

 ((Reuters.Briefs@thomsonreuters.com;))
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