The REIT expects rental reversion for FY2025 to be in the positive mid-single digit range.
The manager CapitaLand Ascendas REIT (SGX:A17U
) (CLAR) has reported a portfolio occupancy of 91.5% for the 1QFY2025 ended March 31, 2025, down from the 92.8% in the previous quarter.
In the REIT's business update for this quarter, its portfolio rental reversion came in at 11%, down from the 16% in the same period a year ago. However, this figure is higher than the 8.6% rental reversion reported in 4QFY2024.
