For the 1QFY2024, the REIT’s weighted average lease expiry (WALE) by gross revenue stood at 3.9 years, with no y-o-y change. Meanwhile the weighted average lease term of new leases signed in 1QFY2024 was 4.4 years and contributed 1.2% of total gross revenue.
The manager of CapitaLand Ascendas REIT (SGX:A17U
) (CLAR) has reported a portfolio occupancy of 93.3% for the 1QFY2024 ended March 31, 1.1 percentage points (ppt) lower y-o-y and down 0.9 ppt q-o-q.
The average portfolio rent reversion of leases renewed in 1QFY2024 was 16.9%, and the manager expects FY2024 rental reversion to be in the positive mid-single digit range.
