SF REIT (02191) released its annual performance, with total distributable income increasing by 2.4% to HK$240 million.

SF REIT (02191) announced its year-end performance as of December 31, 2025. SF REIT achieved a profit of HKD 460 million, up 2% year-on-year; net property income was HKD 383.7 million, an increase of 6.2% year-on-year; distributable income was HKD 240 million, a 2.4% increase year-on-year; and a distribution of 26.33 HK cents per unit. The total distributable income for the year increased by 2.4% to HKD 240 million (2024: HKD 234.4 million), after adjusting for the impacts of impairment losses on investment properties, financial instruments fair value loss - non-cash-settled portion, and deferred tax assets offset as stated in the trust deed. To enhance financial strength, the board has decided to maintain a distribution ratio of 90% and declared a final distribution of 13.22 HK cents per unit for the period from July 1, 2025, to December 31, 2025 (final distribution per unit in 2024: 12.69 HK cents). Including the previously declared and distributed interim distributions, the total annual distribution per unit will be 26.33 HK cents (2024: 27.40 HK cents). Based on the closing price of units on the last trading day of the year at HKD 2.80, the distribution yield for this payout is 9.4%.