Financial Review and Capital Management FY2025 FY2024 +/(-) US$’000 US$’000 % CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Gross revenue 71,978 73,218 (1.7) Property expenses (23,027) (23,406) (1.6) Net property income 48,951 49,812 (1.7) Manager’s base fee (2,993) (2,832) 5.7 Manager’s performance fee (493) - N.M. Trustee’s fee (98) (156) (37.2) Other trust expenses (2,029) (2,147) (5.5) Finance costs (18,543) (18,880) (1.8) Finance income 554 115 N.M. Net income before tax, fair value changes and (loss)/gain on divestment of investment properties 25,349 25,912 (2.2) (Loss)/gain on divestment of investment properties (684) 2,156 N.M. Fair value change in investment properties and investment property held for divestment 1,811 7,450 (75.7) Fair value change on financial derivatives (1,357) (136) N.M. Net income before tax 25,119 35,382 (29.0) Income tax expense (4,261) (5,265) (19.1) Net income after tax 20,858 30,117 (30.7) Net income after tax attributable to: Unitholders 20,651 29,907 (30.9) Non-controlling interests 207 210 (1.4) Net income for the year 20,858 30,117 (30.7) DISTRIBUTION STATEMENT Net income after tax attributable to Unitholders 20,651 29,907 (30.9) Distribution adjustments 6,281 (4,421) (242.1) Net income available for distribution to Unitholders 26,932 25,486 5.7 DPU (US cents) 4.39 4.06 8.1 N.M. Not Meaningful 28 UNITED HAMPSHIRE US REIT
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