BHG Retail REIT released its first-quarter business update on May, 28 2026, highlighting a committed portfolio occupancy rate of 93.8% as at Mar, 31 2026 across six China properties totaling 180,350 square metres of net lettable area.

The trust’s weighted average lease expiry stood at 4.1 years by committed net lettable area and 2.1 years by gross rental income. Approximately 65.9% of gross rental income and 67.8% of lettable space were derived from experiential segments such as food and beverage, leisure, entertainment and education.

On capital management, BHG Retail REIT reported aggregated borrowings of 303.2 million Singapore dollars, translating to a gearing ratio of 40.8%. Average borrowing cost was 4.3% per annum, and the interest coverage ratio was 1.7 times.

The portfolio comprises four multi-tenanted malls—Beijing Wanliu, Chengdu Konggang, Hefei Mengchenglu and Hefei Changjiangxilu—and two master-leased assets in Xining and Dalian. Individual property occupancy ranged from 79.2% at Xining Huayuan to full occupancy at Dalian Jinsanjiao. Total independent valuation of the portfolio was 4,694 million renminbi.

Management said it will continue to pursue proactive asset management, tenant curation, and selective acquisitions from its sponsor’s pipeline and third-party vendors to support long-term growth.