Author: leonorconrad387

Champion Real Estate Investment Trust (stock code: 2778), the owner of Three Garden Road and Langham Place, announces its financial results for year ended 31 December 2021.Summary of financial results FY 2021 FY 2020 ChangeTotal Rental Income (HK$ mil) 2,495 2,633 -5.2%Net Property Income (HK$ mil) 2,197 2,347 -6.4%Distributable Income (HK$ mil) 1,503 1,554 -3.3%Distribution per unit (HK$) 0.2279 0.2496 -8.7% 31 Dec 2021 31 Dec 2020 ChangeGross Value of Portfolio (HK$ mil) 65,296 67,318 -3.0%Net Asset Value per unit (HK$) 8.25 8.61 -4.2%Gearing Ratio 22.9% 23.0% -0.1pp Overview The persistent COVID-19 pandemic continued to pose challenges to the operating ... Read more