BHG Retail REIT

BHG Retail REIT

SSGX:BMGU
0.46
SGD
+0.02
(+3.37%)
310.79MMarket Cap
Feb 26Next Earn
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
- -
0.13
0.14
0.16
0.12
0.14
0.13
0.12
0.12
0.11
- -
Basic EPS, GAAP
- -
0.04
0.06
0.09
- -
0.01
0.01
-0.01
- -
- -
- -
Free Cash Flow per Basic Share
- -
0.09
0.08
0.09
0.04
0.06
0.04
0.07
0.04
0.03
- -
Dividend per Share
- -
0.04
0.04
0.04
0.02
0.02
0.01
0.01
- -
- -
0.02
Book Value per Share
1
0.83
0.81
0.83
0.86
0.92
0.79
0.72
0.72
0.68
0.83
Tangible Book Value per Share
1
0.83
0.81
0.83
0.86
0.92
0.79
0.72
0.72
0.68
0.83
Basic Weighted Avg Shares
494
498
502
507
510
512
512
518
520
520
508
Sales/Revenue/Turnover
- -
65
70
79
61
71
66
62
61
55
- -
Operating Margin (%)
- -
61.34
61.08
59.05
56.39
54.54
52.4
54.21
51.28
49.03
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
- -
21
31
48
-1
8
6
-4
-2
-2
- -
Effective Tax Rate (%)
- -
21.62
23.33
24.93
34.64
37.52
33.55
58.18
48.01
64.73
- -
Profit Margin (%)
- -
32.46
44.72
60.72
-1.77
10.63
9.18
-6.12
-3.75
-3.3
- -
Working Capital
-59
17
-194
5
2
-289
- -
-283
-296
-20
5
LT Debt
140
216
- -
275
282
- -
285
8
8
285
279
Total Equity
581
583
579
588
612
657
584
545
540
516
598
Return on Invested Capital (%)
- -
3.78
4
4.2
2.52
2.59
2.52
1.63
1.92
1.14
- -
Return on Capital (%)
- -
2.13
2.97
5.34
0.44
0.97
0.97
-0.35
0.06
0.06
- -
Return on Common Equity (%)
- -
5
7.54
11.53
-0.25
1.65
1.38
-0.96
-0.61
-0.5
- -

Capital Structure

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
ST Debt
8
3
8
LT Borrowings
277
275
279
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
507
509
509
Market Capitalization
355
349
311

Working Capital

SGD

•

in mil. unless spec.
Sep'19
Dec'19
Jun'20
Total Current Assets
53
48
50
Cash, Cash Equivalents & STI
34
47
39
Accounts Receivable, Net
12
- -
8
Inventories
- -
- -
- -
Total Current Liabilities
46
43
46
Payables & Accruals
- -
- -
- -
ST Debt
8
3
8
Deferred Revenue
- -
- -
- -

Growth Rates

SGD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
-3.19%
-4.58%
Free Cash Flow
- -
4.47%
-31.79%
Net Income, GAAP
- -
-208.59%
-20.37%
Sales/Revenue/Turnover
- -
-1.45%
-9.6%
Total Cash Common Dividend
- -
-20.54%
42.39%

Semi-annual Revenue

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
61
2025
- -
- -
55
2026
- -
- -
- -

Semi-annual Earnings Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Semi-annual Dividends Per Share

SGD

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

CEO
Iz-Lynn Chan
Sector
Finance
Industry
Real estate investment trusts
Address
Singapore Singapore
IPO Date
Dec 11, 2015
Business
BHG Retail REIT is a Singapore-based real estate investment trust focused on investing in, owning, and managing a diversified portfolio of income-producing retail properties located across the People's Republic of China. Established and listed on the Main Board of the Singapore Exchange Securities Trading Limited in 2015, the trust is headquartered in Singapore and is managed by BHG Retail Trust Management Pte. Ltd., a subsidiary of Beijing Hualian Department Store Co., Ltd., with Beijing Hualian Group Investment Holding Co., Ltd. serving as its sponsor. The trust operates primarily within the commercial real estate sector, specializing in community-focused and suburban retail shopping malls designed to serve densely populated residential catchment areas. Its core products and services encompass the leasing of commercial retail spaces; property, asset, and facility management; tenant management and lease administration; asset enhancement initiatives and retail space optimization; and marketing, promotional, and event management services. The trust's property portfolio comprises multi-level retail shopping centers situated in key economic regions across China, including Beijing Wanliu Mall in Beijing; Chengdu Konggang Mall in Chengdu, Sichuan Province; Hefei Mengchenglu Mall and Hefei Changjiangxilu Mall in Hefei, Anhui Province; Xining Huayuan Mall in Xining, Qinghai Province; and Dalian Jinsanjiao Mall in Dalian, Liaoning Province. Its tenant mix encompasses necessity-driven retail offerings, including supermarket anchors; food and beverage dining concepts; fashion, apparel, and footwear; children's education, enrichment, and entertainment services; health, beauty, and personal care services; consumer electronics and telecommunications; and lifestyle, household, and community services. In recent developments, BHG Retail REIT has actively executed strategic asset enhancement initiatives and operational optimization programs across its core properties, focusing on space reconfiguration, common area upgrades, and tenant mix rejuvenation to enhance shopper engagement and footfall resilience. The trust has intensified its focus on experiential and necessity-based retail by increasing the allocation of food, beverage, wellness, and family-oriented lifestyle tenants across its shopping centers. In addition, the trust has implemented comprehensive capital management strategies, including the refinancing and restructuring of offshore and onshore credit facilities to optimize debt maturity profiles, manage borrowing costs, and enhance liquidity. Operationally, BHG Retail REIT has expanded its sustainability initiatives through the adoption of energy-efficient building management systems, LED lighting retrofits, and resource conservation programs across its retail assets, while continuing to leverage the retail operating network and right-of-first-refusal pipeline of its sponsor, Beijing Hualian Group.