Champion REIT's Two High-Quality Assets in Hong Kong Underpins Distribution
Strong performance for 3 Garden Road and Langham Retail underpinned narrow moat rated Champion REIT’s solid first half result. The result does not alter our view on the trust, and our forecast and fair value estimate of HKD 4.60 are unchanged. While we continue to view both properties as high quality, we believe the outperformance is priced into current unit price. As expected, the tight Grade A office market in Central saw 3 Garden Road achieving rents of HKD 130 per square feet per month with ...Champion Real Estate Investment Trust and its subsidiaries are engaged in owning and investing in income-producing commercial properties in Hong Kong with the objective of producing stable and sustainable distributions to unitholders and to achieve long term growth in the net asset value per unit.
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