Champion REIT H1 net property income falls 9.3% to $780m

The gross value of its portfolio rose 0.5% to $56.43b as of 30 June.

Champion REIT’s net property income fell 9.3% to $780m in the first half of 2026, from $859m a year earlier.

Total rental income declined 7.8% to $949m from $1.03b, whilst distributable income decreased 9.1% to $432m from $476m.

Distribution per unit dropped 9.7% year-on-year to $0.0633 from $0.0701.

The gross value of the REIT’s portfolio stood at $56.43b as of 30 June, up 0.5% from $56.18b at the end of 2025.

At Three Garden Road, occupancy rose to 82.2% as of 30 June from 81.6% at the end of 2025. More than 90% of leases expiring this year had been confirmed for renewal.

Meanwhile, Champion REIT said it has secured credit facilities to refinance all debt due in 2026.

Separately, it obtained a $3b sustainability-linked loan supported by eight banks.