SF Reit’s distributable income falls 7.3% in first half as occupancy holds steady

SF Reit, Hong Kong’s first real estate investment trust to focus on logistics properties, saw its distributable income fall by 7.3 per cent year on year to HK$110.7 million (US$14.11 million) in the first half of the year.The firm – which is controlled by the Chinese logistics giant SF Holding – recorded total revenue of HK$219.3 million for the first six months of 2026, down 4.6 per cent from a year earlier, according to its exchange filing on Thursday.Net property income stood at HK$178.4 million, down 7.1 per cent from the previous year. That led the company’s interim distribution to fall to 12.15 HK cents per unit from 13.11 HK cents a year earlier, despite its payout ratio remaining constant at 90 per cent.