Brief: Yuexiu REIT Expects Financial Results For H1 Will Be Impacted

Yuexiu Real Estate Investment Trust

05/03/2020 10:32

March 5 (Reuters) - Yuexiu Real Estate Investment Trust
 0405.HK :
    * UPDATE IN RELATION TO COVID-19
    * EXPECTS THAT FINANCIAL RESULTS OF YUEXIU REIT FOR FIRST
HALF OF
2020 WILL BE ADVERSELY IMPACTED
    * ESTIMATED TOTAL RENTAL CONCESSIONS FOR ALL PROPERTIES HELD
WILL
BE RMB90.0 MILLION
    * OCCUPANCY RATE OF ASCOTT IFC GUANGZHOU, EXPECTED TO REMAIN
STEADY, BUT SLIGHTLY BELOW TARGET
    * EXPECTED THAT BUSINESS ENVIRONMENT IN PRC WILL REMAIN SOFT
IN
NEAR TERM UNTIL SPREAD OF COVID-19 IS EFFECTUALLY CONTAINED
    * ALL TENANTS OF STARRY VICTORIA SHOPPING CENTRE IN WUHAN
WILL BE
OFFERED A WAIVER OF TWO-MONTH'S RENT
    * IMPLEMENTED MORE STRINGENT COST CONTROL MEASURES TO
OPTIMISE
COST SAVINGS FOR HOTEL BUSINESS

Source text for Eikon:  urn:newsml:reuters.com:*:nHKS80pv9h
Further company coverage:  0405.HK 

 (Reuters.Briefs@thomsonreuters.com)