Revitus Property Opportunities Real Estate Investment Trust closed 2025 with a marked improvement in financial performance, supported by stronger rental income, investment gains, and ongoing upgrades across key properties.
For the year ended 31 December 2025, the REIT posted a profit of US$4.6 million, a sharp increase from the prior year. The result was driven by a 27% rise in net property income and by fair value gains of approximately US$3.37 million from its listed equity holdings. The equity portfolio grew by 41% following market recoveries, and the shares were transferred to the fund by the promoter in fulfillment of an underwriting commitment. Funds that had been set aside to support the planned hotel conversion at Chester House are now being allocated toward renovations due to commence in 2026.
Operational performance also improved. The portfolio occupancy ratio increased to 52% from 39% recorded in 2024, reflecting targeted leasing initiatives and upgrades that enhanced the appeal of the buildings to tenants.
However, the fund needs to align its expenses with income generated. Operating expenses jumped by 33% to US$311,000 in 2025.
Property values benefited from the improvement works. The fair value of investment properties rose by 4.5%, which contributed to a 20% increase in net asset value per unit. NAV per unit closed the year at US 6.79 cents, up from US 5.66 cents in 2024.
Earnings per unit mirrored the stronger results. Both basic and diluted earnings per unit came in at 1.25 US cents, compared to 0.18 US cents in the previous year. Headline earnings per unit, which excludes certain fair value adjustments, stood at 0.08 US cents versus 0.02 US cents previously.
Consistent with its distribution policy, the REIT declared a final dividend of US$96,292 for the year, equivalent to 0.02614 US cents per unit. Further details were provided in a separate dividend declaration notice.
The results underscore progress in the Trust’s strategy to enhance portfolio quality, strengthen income streams, and reposition major assets for long-term growth. With renovations planned for 2026 and continued focus on tenant retention and collections, management expects this momentum to continue into the new year.
