YUEXIU REAL ESTATE INVESTMENT TRUST


Associated tags: Republic, Trust, Real estate investing, Fortune Plaza, Guangzhou International Finance Center, REIT, Real estate

Locations: BENCHMARK, VICTORY PLAZA, THOMAS JEFFERSON NATIONAL ACCELERATOR FACILITY, CHINA

Yuexiu REIT's Revenue Up by 11.4% for 2023

Retrieved on: 
Thursday, March 7, 2024

HONG KONG, Mar 7, 2024 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the ?REIT?

Key Points: 
  • HONG KONG, Mar 7, 2024 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the ?REIT?
  • -- Operating revenue of the GZIFC complex was RMB1,031 million, accounting for 49.4% of the REIT's total revenue.
  • -- Yuexiu Financial Tower posted an operating revenue of approximately RMB399 million, representing 19.1% of the REIT's total revenue.
  • GZIFC and Yuexiu Financial Tower completed the renewal of Platinum Certification, and Wuhan Yuexiu Fortune Centre obtained the Net Zero Carbon Building Excellence Certification.

Yuexiu REIT Demonstrates Asset Resilience, High-Quality Assets Enhance Defensiveness, Strong Fundamentals Foster Long-Term Value

Retrieved on: 
Tuesday, August 15, 2023

HONG KONG, Aug 15, 2023 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the "REIT"; stock code: 405) announced its interim results for the six months ended 30 June 2023.

Key Points: 
  • HONG KONG, Aug 15, 2023 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, collectively known as the "REIT"; stock code: 405) announced its interim results for the six months ended 30 June 2023.
  • - Interim operating revenue of the GZIFC complex was RMB503.8 million, accounting for 47.4% of the REIT's total revenue.
  • Four Seasons Hotel and Ascott Serviced Apartments saw year-on-year increases in their average occupancy rates and average room rates.
  • - Yuexiu Financial Tower posted an operating revenue of approximately RMB200.2 million, representing 18.9% of the REIT's total revenue.

Yuexiu REIT Wins the Best ESG (Social) Award at 9th Investor Relations Awards

Retrieved on: 
Friday, June 30, 2023

HONG KONG, June 30, 2023 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, stock code: 405.

Key Points: 
  • HONG KONG, June 30, 2023 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT", together with Yuexiu REIT Asset Management Limited, stock code: 405.
  • HK) received the "Best ESG (Social) Award" for its outstanding social responsibility performance at the 9th Hong Kong Investor Relations Awards (the "Awards") organized by the Hong Kong Investor Relations Association (HKIRA), speaking volumes to the high recognition it enjoys for its ESG efforts in the investment community.
  • The Awards this year with 15 categories, attracted 126 well-known Hong Kong-listed companies to participate and 41 of them won awards.
  • The winners were selected after two rounds of voting, which took place between March 21 and April 27, by more than 740 qualified voters, including buy-side and sell-side analysts and fund managers, and over 290 professional financial institutions-together with Link REIT, Fortune REIT, Sunlight REIT, SF REIT and Champion REIT won awards at the ceremony, Yuexiu REIT won the "Best ESG (Social) Award", recognizing and affirming its ESG endeavors.

Revenue of Yuexiu REIT in 2022 Up 4.2%

Retrieved on: 
Thursday, March 9, 2023

HONG KONG, Mar 10, 2023 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT" or the "REIT"; stock code: 00405) announced today its 2022 annual results for the year ended 31 December 2022.

Key Points: 
  • HONG KONG, Mar 10, 2023 - (ACN Newswire) - Yuexiu Real Estate Investment Trust ("Yuexiu REIT" or the "REIT"; stock code: 00405) announced today its 2022 annual results for the year ended 31 December 2022.
  • Average occupancy rate and room rate of The Ascott Serviced Apartments increased steadily:
    -- Operating revenue of GZIFC was RMB880.2million, accounting for 47.0% of the total revenue of the REIT.
  • Its revenue for 2022 full year amounted to RMB1,872.86 million, representing a 4.2% increase when compared with the same period last year.
  • Mr. Lin Deliang, Chairman, Chief Executive Officer and Executive Director of Yuexiu REIT, said, "In 2022, Yuexiu REIT adopted a prudent approach in operation and realized steady increase in revenue.

Unitholders Approved Yuexiu REIT's Acquisition of Yuexiu Financial Tower by a Majority Vote

Retrieved on: 
Monday, December 6, 2021

HONG KONG, Dec 7, 2021 - (ACN Newswire) - Yuexiu Real Estate Investment Trust (HKEX stock code: 00405) announced that the proposal to acquire Yuexiu Financial Tower from Yuexiu Property Company Limited (HKEX stock code: 00123) was approved by unitholders at the extraordinary general meeting held today, with a majority vote of 96.24%.

Key Points: 
  • HONG KONG, Dec 7, 2021 - (ACN Newswire) - Yuexiu Real Estate Investment Trust (HKEX stock code: 00405) announced that the proposal to acquire Yuexiu Financial Tower from Yuexiu Property Company Limited (HKEX stock code: 00123) was approved by unitholders at the extraordinary general meeting held today, with a majority vote of 96.24%.
  • Yuexiu Financial Tower, the acquisition of which was approved by unitholders at the extraordinary general meeting, is a scarce top-tier international Grade A office building in the core district of Guangzhou Zhu Jiang New Town CBD.
  • In a strategic transportation hub, Yuexiu Financial Tower boasts convenient transportation access, with several major subway lines in its neighbourhood.
  • Mr. Lin Deliang, Chairman, Executive Director and CEO of Yuexiu REIT, said, "The voting result has significant meaning as it fully reflects that the majority of unitholders are very supportive of Yuexiu REIT's acquisition of Guangzhou Yuexiu Financial Tower.

Yuexiu REIT Proposes to Acquire Yuexiu Financial Tower

Retrieved on: 
Tuesday, October 26, 2021

Yuexiu REIT proposes to acquire, from the Vendor, Yuexiu Financial Tower, a top-tier international Grade A office building as such structures become increasingly scarce in the Core Business District of Guangzhou Zhu Jiang New Town ("ZJNT").

Key Points: 
  • Yuexiu REIT proposes to acquire, from the Vendor, Yuexiu Financial Tower, a top-tier international Grade A office building as such structures become increasingly scarce in the Core Business District of Guangzhou Zhu Jiang New Town ("ZJNT").
  • Based on the superior conditions of Yuexiu Financial Tower, there appears to be further room for rent to rise.
  • Yuexiu Financial Tower and Yuexiu REIT's Guangzhou International Finance Center ("GZIFC") are in close proximity to each other, which enables Yuexiu REIT Asset Management Limited, the Manager to leverage its experience and existing resources to realize synergies.
  • Yuexiu Real Estate Investment Trust ("Yuexiu REIT", HKEX stock code: 00405) was listed on the Stock Exchange of Hong Kong Limited on 21 December 2005.