HYSAN DEV(HK:00014)2025-05-06 06:29Financial Performance - Hysan Development's revenue was HK$1777 million, a decrease of 3.1% [37] - Recurring underlying profits were HK$1169 million, down by 0.7% [37] - The interim dividend per share (DPS) remained flat at HK 27 cents [37] - Net gearing was 23.8% [107] - Effective interest rate was 2.4% [107] Core Business & Portfolio - Estimated tenant sales in Q2 increased by more than 25% compared to Q1 [15] - Retail occupancy was near full at 98% as of June 30 [42] - Office occupancy was 91% as of June 30 [40] - Caroline Hill Road Project will add 30% to the core portfolio [20] - Fixed rate debt ratio is 60% [107] Strategic Pillars & Expansion - Structural work for Caroline Hill Road Project is scheduled to start in Q3 2022 [62] - The Caroline Hill Road Project is expected to be completed by late 2026, adding 1.1 million square feet of commercial GFA [63]