Revenue of Yuexiu REIT in 2022 Up 4.2%
Retrieved on:
Thursday, March 9, 2023
Benchmark, DPU, RevPAR, Tenant, White House, Four Seasons Hotels and Resorts, Luckin Coffee, ESG, BOMA, Forbes Travel Guide, CHINA, Face, Eye, Shop, RMB, Platinum, Fortune Center, Carbon, COSCO, Certification, Growth, Marketing, Guangzhou International Finance Center, Risk, Season, LEED, Hotel, Pizza Hut, REIT, Victory Plaza, MSCI, GOP, Yuexiu Fortune Center Tower 1, Accreditation, Environment, Trust, Real estate investing, Fortune Plaza, Overalls, Real estate, Property management, Cryptocurrency, Commercial property, Lease, Renewable energy, Unit
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.