The REIT’s manager had de-risked leases expiring for the year to 8.0% (from 11.9%) by NLA and 14.5% (from 23.9%) by GRI, in the first three months of FY2023.
in its latest 1QFY2023 ended September business update, Lendlease Global Commercial REIT (LREIT) announced that it has managed to maintain its portfolio resiliency.
Its portfolio committed occupancy remained high at 99.7% with a long weighted average lease expiry (WALE) of 8.5 years by net lettable area (NLA) and 5.5 years by gross rental income (GRI).
