The REIT’s portfolio rental reversion for the quarter stood at 7.6%, down from 8% in the 2QFY2025, led by the US and Singapore, offset by the UK and Europe. The figure is calculated based on the percentage change of the average gross rent over the lease period of the renewed leases against the preceding average gross rent from the lease start date. It takes into account the renewed leases in multi-tenant buildings signed in 3QFY2025. Average gross rents are weighted by the area renewed, says CLAR.
CapitaLand Ascendas REIT (CLAR) has reported portfolio occupancy of 91.3% for the 3QFY2025 ended Sept 30, 0.5 percentage points lower than the occupancy rate of 91.8% in the quarter before. All of CLAR’s markets, except Australia, saw q-o-q dips.
Weighted average lease expiry (WALE) as at Sept 30 stood stable at 3.6 years.
