The REIT's weighted average lease expiry (WALE) as at end March stood at 5.7 years, based on gross rental income for the reporting period. This is lower than the 5.9 years reported in the previous quarter.
IREIT Global has reported a portfolio occupancy of 88.7% as at end March, down from the 91.5% reported in the same period a year ago. This is higher than the 88.5% reported as at end Dec, 2024.
This figure excludes its Berlin Campus which is planned for repositioning in 2025.
