The average portfolio rent reversion of leases renewed in 3QFY2024 was 14.4%, and the manager says that it expects the rental reversion for FY2024 to be in the positive high-single digit range.
CapitaLand Ascendas REIT (CLAR) has reported a 92.1% portfolio occupancy for the 3QFY2024 ended September, down from the 94.5% in the same period a year ago.
The REIT experienced the highest q-o-q drop in portfolio occupancy in its Australia market, at 5.1% for the 3QFY2024. It’s Singapore and UK/Europe operations saw no changes.
