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Lendlease Global Commercial REIT reports portfolio occupancy of 92.1% as at end March

Nicole Lim
Nicole Lim • 2 min read
Lendlease Global Commercial REIT reports portfolio occupancy of 92.1% as at end March
The REIT’s gearing ratio came in at 38%, and interest coverage ratio at 1.5 times. It is aiming to improve its ICR by active asset management, managing the cost of capital, and asset recycling. Photo: Samuel Isaac Chua/The Edge Singapore
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Lendlease Global Commercial REIT (LREIT) has reported a portfolio committed occupancy of 92.1% as at March 31, 2025.

The REIT’s retail portfolio received a 99.5% occupancy with a positive rental reversion of 10.4% as at March 31. Its office portfolio occupancy stood at 86.6%.

LREIT reported a weighted average lease expiry (WALE) of approximately 7.3 years (by NLA) and 4.9 years (by GRI) respectively.

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