That said, that did not impact the REIT’s portfolio occupancy for 1QFY2020, which was reported at a healthy 91.7%. Its overseas portfolios in Australia, the US, and the UK, reported occupancies of 97.3%, 92.9%, and 97.5% respectively.
SINGAPORE (Apr 28): The manager of Ascendas REIT (A-REIT) has reported a “healthy operational performance” for 1QFY2020 ended March.
In its quarterly business update released on Tuesday, the REIT cited a “challenging leasing environment”, as well as expected delays in completion of Grab Holding’s headquarters in 1Q2021 from 4Q2020 due to the circuit breaker measures implemented by the government.
