The REIT’s occupancy rate, however, fell by 0.5 percentage points q-o-q to 95.9% as at Dec 31, 2022. Of the total occupancy rate, the REIT’s logistics and industrial portfolio had a full occupancy rate while its commercial portfolio came in at 89.8%.
Frasers Logistics & Commercial Trust (FLCT) says it sees “healthy leasing momentum” in the 1QFY2023 ended Dec 31, 2022.
During the quarter, the REIT saw some 239,500 sqm in leases and renewals. Rental reversions stood positive at 2.8%.
