HuaAn Zhangjiang Industrial Park REIT released its second-quarter report, recording revenue of 30.6507 million yuan during the period, down 15.10% year-on-year, and a net loss of 11.6445 million yuan, with the loss widening from a year earlier. This marks the fund's 20th consecutive quarterly loss since the third quarter of 2021. Distributable income for the period was 23.6954 million yuan, down more than 10% from the same period last year, with distributable income per unit of 0.0247 yuan. The occupancy rate of the underlying asset Zhangjiang Guangda Park fell to 80.69%, a year-on-year decline of 11.97 percentage points, and rents dropped to 5.28 yuan per square metre per day, leading to a 27.22% year-on-year decline in operating rental income. The other asset, Zhangrun Tower, performed relatively steadily, with an occupancy rate of 95.56% and rents edging up to 5.58 yuan per square metre per day, but the remaining lease term at period-end shrank sharply by 35.19% year-on-year to 466 days, facing concentrated lease renewal pressure. Overall property project revenue fell 14.73% year-on-year to 30.5301 million yuan, while operating costs and expenses increased 3.34% year-on-year to 4.2627 million yuan.
HuaAn Zhangjiang Everbright ParkOccupancy rate fell to 80.69% and rents dropped 27.22% year-on-year, leading to a net loss and 20th consecutive quarterly loss.