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Yuexiu Real Estate Investment Trust interim distribution up YOY

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Yuexiu Real Estate Investment Trust interim distribution up YOY

Yuexiu Real Estate Investment Trust said interim distribution for 2017 increased 2.8% year over year to 395.4 million yuan from about 384.7 million yuan.

Distribution per unit in the six months to June 30, meanwhile, was unchanged year over year at 13.46 Chinese fen, translating to a 0.3% decrease in Hong Kong dollars to 15.66 cents from 15.70 cents.

The interim distribution is still subject to adjustment, and a further announcement will be made at a later date. The distribution will be paid Oct. 26 to unit holders on record Sept. 15.

Meanwhile, within the reporting period, the trust's net property income gained 5.8% year over year to 644.8 million yuan from 609.3 million yuan, with earnings per share at 34.16 fen, representing a 137.7% year-over-year jump from 14.37 fen.

As of Aug. 9, US$1 was equivalent to 6.68 Chinese yuan.