As at Sept 30, the REIT owns 53 properties spanning a lettable area of 425,116 sqm (4.58 million sq ft). It has a total portfolio valuation of EUR855.6 million ($1.22 billion), unchanged q-o-q.
IREIT Global, which has a portfolio of office and retail properties in Western Europe, has reported an occupancy rate of 89.6% for the 3QFY2024 ended Sept 30, 0.2 percentage points lower q-o-q from lower occupancies in its Spanish portfolio.
The REIT’s weighted average lease expiry (WALE) stood at 4.6 years, down from 4.9 years as at June 30. Over 61% of its leases will expire in 2029 and beyond.
