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

Champion Real Estate Investment Trust

18/02/2020 05:20

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;))