198 UNITED HAMPSHIRE US REIT Notes to the Financial Statements For the financial year ended 31 December 2025 23 BASIC AND DILUTED EARNINGS PER UNIT The calculation of basic and diluted earnings per unit (“EPU”) is based on the following data: Group 2025 2024 Net income for the year attributable to Unitholders (US$’000) 20,651 29,907 Weighted average number of Units in issue (’000) 597,414 584,640 Basic and diluted EPU (US cents) 3.46 5.12 Basic and diluted EPU are calculated based on the weighted average number of Units in issue for the financial year. Diluted EPU is equivalent to basic EPU as there were no dilutive instruments in issue during the financial year. 24 SEGMENTAL REPORTING For the purpose of making resource allocation decisions and the assessment of segment performance, the Manager reviews internal/management reports of its investment properties. This forms the basis of identifying the operating segments of the Group under IFRS 8 Operating Segments. Operating segments are aggregated into a single operating segment if they have similar economic characteristics. The Group’s reportable operating segments under IFRS 8 are as follows: (a) Grocery & Necessity Properties; and (b) Self-Storage Properties Segment profit represents the profit earned by each segment without allocation of Manager’s base fees, Trustee’s fees, other trust expenses, finance costs, finance income, fair value change on derivatives and income tax expense. This is the measure reported to the chief operating decision maker for the purposes of resource allocation and assessment of segment performance. Segment assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items comprise mainly certain cash and cash equivalents, certain restricted cash, certain other receivables, derivative assets, tax receivables, certain trade and other payables, loans and borrowings (excluding Arundel Plaza Mortgage Loan, St. Lucie West Mortgage Loan and Upland Square Mortgage Loan), provision for tax, preferred shares and deferred tax liabilities. Revenue of US$6,824,000 is derived from one major external tenant of the Group (2024: Revenue of US$6,720,000 is derived from one major external tenant of the Group). This revenue is attributable to the gross revenue from Grocery & Necessity Properties. The Group’s main operation is in the U.S., hence no analysis by geographical area of operation is provided.
RkJQdWJsaXNoZXIy NTM2MDQ5